Naked Capitalism has a new piece on Israel. Simplicius also wrote a piece a few days ago.

TLDR:

Socially:

• It's difficult to have a great idea of what's really going on in Israel because of the sheer magnitude of propaganda and narratives and hasbara. The best you can really do is stumble around in the fog and decide whether or not this article or that statistic is meaningful or meaningless.
• From what we can tell, Israeli opinions against Palestinians are not improving, which is expected. If anything, the young appear to be more conservative and bloodthirsty than the older generations (though I'm not somebody who believes in generational politics or that the zoomers will save us or whatever, so idc).
• Israeli society nonethless appears to irrevocably shattered. The sense of safety has gone, and the dramatic victory and display of military might that could have repaired it has not happened and seems less likely to happen every month that this goes on. On the contrary, Israelis seem to believe that the death count is higher than the Israeli government is letting on.

Economically:

• Israel experienced a 20% decline in Q4 GDP. I don't put much stock in GDP figures but a hit like that is extremely difficult to just shrug at.
• Imports are down 42%, which indicates that the blockade is being more successful than previously thought.
• Spending is up by 90%, while investment is down by 70% and private consumption dropped 27% and public consumption dropped 90%. Israel also suffered its first sovereign credit rating downgrade.
• NATOpedia says that the number of settlers evacuated from the Lebanese border is at 96,000. If scaled up to the US population, that would be 3.5 million people. These settlers are receiving social support which is perhaps not sustainable in the long term, and regardless, every month that goes by without businesses operating near the border makes it more unlikely that they'll be revived. They'll just set up shop elsewhere.
• According to rumours, 500,000 Israelis have emigrated and immigration into Israel fell by 70% in November. People who can emigrate on short notice are more likely to be affluent, so them not being around anymore to spend money is probably not great.
• About half a million compensation claims for businesses have been filed so far, and the damage is so far 6 times greater than the war in 2006.

Militarily:

• Once again, the West's inability to fight wars of attrition for a drawn out length of time is on full display.
• The war in Gaza is going badly and most are aware of it. Resistance groups inside the strip do not seem to be meaningfully weakened despite us being in month 6 of the conflict. It's entirely possible that Hamas has recruited more people than they've lost.
• Israel says that they're going to invade Rafah soon, so Israeli casualties will increase even further soon.
• Border settlers want Hezbollah pushed back to the Litani River to provide a buffer zone. Unfortunately for them, this doesn't seem possible. Israel made two (albeit limited) attempts recently to strike at Hezbollah in cross-border attacks and were routed both times. Israel is striking further into Lebanon to kill civilians and such, but this doesn't have much effect militarily. The US is trying to defuse the situation on the border by proposing deals that Hezbollah will obviously never accept.
• The US produces 30,000 artillery shells per month, of which 10,000 go to Israel. This is not enough for a war against Hezbollah, so if Israel starts shit against Hezbollah officially, then Ukraine will collapse even faster than it already is.
• On that note, Israel is now officially no longer doing a weird balancing act between Russia and Ukraine, siding fully with Ukraine and offering early-warning systems. This seems both delusional and difficult to actually achieve given the enormous hole Israel is putting itself in, and making an enemy of Russia when they're becoming more friendly with Iran does not seem like a good idea either.
• There have been rumors of waves of resignations; I'm unsure how much stock to put in them in terms of both veracity and the actual impact they're having overall.
• The Haredim in Israel are also under pressure by the government to undergo conscription; they were previously exempt. Polling suggests only ~30% of them are fine with joining the army. It's hard to tell whether this is due to desperately needing more troops, or if it's more to do with spreading the pain throughout society so as to bring it together and ensure no particular group is unaffected while another bears most of the weight.
• Yemen's blockade obviously continues, with the US continuing its definitely-sustainable strategy of firing $5 million missiles at $2000 drones. Ansarallah have also shot down three Predator drones, which is $100 million down the drain there too.
• The US seems to still be in talks about the withdrawal of forces from Iraq and possibly Syria. They may be trying to draw it out to see whether conditions might improve, but Iran will very probably keep the pressure on.