Comment history

BaystreetTrader says...

Many individuals do not see the implications of this bill. Although I personally will be better-off if this bill was to be passed, I strongly disagree with what the government is proposing.

BaystreetTrader says...

I'm loving this!!!! Keep doing your thing AVW, maintain that focus and embrace the moment!

On First chance of medal for Team Bahamas

Posted 3 August 2012, 4:19 p.m. Suggest removal

BaystreetTrader says...

I'm so excited for 2:30, can't wait to go down to the concourse to watch this. Let's go Bahamas!!!

On Team Bahamas off to a flyer

Posted 1 August 2012, 1:57 p.m. Suggest removal

BaystreetTrader says...

I'm sorry you didn't see the sarcasm in that statement!

BaystreetTrader says...

It is amazing that a lot of people are arguing for the right to lose money and enrich the owners of the casinos. The cliche, "the house always wins" still holds true based on my last statistical course. The government should setup a casino only for Bahamians into to benefit those who believe the odds are in their favour. I would love to see the same level of enthusiasm towards improving our educational or judicial system.

BaystreetTrader says...

Playing numbers is a losing proposition. Given the mass amounts of wealth that Number Houses are accumulating, its a clear indication that the society is not properly educated and does not understand probabilities. Unlike individuals that play poker and blackjack that consistently make money due to an edge they have, playing numbers gives the number houses the edge.

Whenever gambling is legalize, hopefully I can team up with some individuals to open up a legal Number house. Because the money is made running this business, not playing it!

BaystreetTrader says...

If there were 3 rates within the Bahamas, would the current rate be for manufacturing businesses or residential housing? The businessmen noted above in the article automatically assumed that if there were three categories for rates that their electricity bill will be lower. One can also assume that the manufacturing sector would have the lowest rates in that range, therefore, manufacturing businesses bills won't change. But, that would mean that residential housing would have higher interest rates that currently exist today.

BaystreetTrader says...

To the author of the article, I respectful recommend that in future articles that an attempt be made to substantiate the claims made by the individuals that are quoted within an article. Mr. Roberts stated, " “From what I am hearing corn is going up about 30 per cent", it is relatively easy for you to go to CBOT website (the futures exchange where corn is traded) and provided a month-over-month data. For example. Corn Dec contract has increased from approximately $5.50 per bushel of unit (bu) in June to over $8/bu for July. This information can be obtained from a Bloomberg terminal that the Tribune should have access to. If not, use the partnership with the Nassau Guardian and request the information from CFAL. Just a suggestion.

BaystreetTrader says...

Hey Guys,
Keep doing ya thing! Be encouraged and continue to put in the long hours that is needed to be number 1!!! Maybe we will see yall in another Step Up movie.

On Dance crew hoping for Australia debut

Posted 5 July 2012, 10:07 p.m. Suggest removal

BaystreetTrader says...

Is there a paper or study produced by BCCEC or another organization that addresses why the cost of borrowing is high in the Bahamas? A proper study on this would be valuable in understanding the situation. World interest rates are extremely low, however, that has not trickled down to the Bahamas. Why is that? The Caribbean has historically had large interest rate spreads since this region is deemed to be Third World. Purely from an economic point of view, interest rates reflect the level of risk implicit in a transaction. Therefore, it is rational for a lender to charge higher interest rates to Third World countries since the ability of repayment or the ability to legally recover the money is low or lacking. In an attempt to reduce the interest rates, the government may look at various factors such as, establishing a credit rating agency, improving the judicial system to allow for appropriate and timely recourse for companies lending money, enforce property rights, and liberalize the banking sector.