Any amendments to the Act must be sensible and take into consideration the effect that it will have on Direct Foreign Investment. With the downgrade the game has changed.
If we don't get more FDI quickly the Bahamian Dollar will have to be devalued.
Worker productivity will have to be included in anything the Unions do.
The threat of devaluation is very real. Most Bahamians have no idea the impact of Junk Bond status has.
Greece, however, gives a shining example of a country, like The Bahamas, who does not control its spending or collect all its taxes due to various corrupt or inefficient practices and a desire to hold onto government corporations and operations.
Tal, I am just having fun watching this all play out. No matter who, or which party I look at, I keep shaking my head and saying "Lord please help us" because He is about the only one who can..
Economist says...
Good comment!
On Unemployment rate drops 1.1 per cent to end of October
Posted 21 December 2016, 9:20 p.m. Suggest removal
Economist says...
Any amendments to the Act must be sensible and take into consideration the effect that it will have on Direct Foreign Investment. With the downgrade the game has changed.
If we don't get more FDI quickly the Bahamian Dollar will have to be devalued.
Worker productivity will have to be included in anything the Unions do.
On Union focused on law changes, not Labour Minister
Posted 21 December 2016, 7:22 p.m. Suggest removal
Economist says...
I agree with Banker, Baha Mar won't save The Bahamas.
The government MUST reign in spending or we are doomed.
On Govt slams S&P for ignoring $1bn Baha Mar impact
Posted 21 December 2016, 4:48 p.m. Suggest removal
Economist says...
The government thought that they could hold this off until after the next election.
Now they have to worry about the devaluation of the Bahamian Dollar, though that is unlikely to occur for several months.
On Govt slams S&P for ignoring $1bn Baha Mar impact
Posted 21 December 2016, 4:17 p.m. Suggest removal
Economist says...
The threat of devaluation is very real. Most Bahamians have no idea the impact of Junk Bond status has.
Greece, however, gives a shining example of a country, like The Bahamas, who does not control its spending or collect all its taxes due to various corrupt or inefficient practices and a desire to hold onto government corporations and operations.
On Bahamas receives ‘junk’ Xmas present from S&P
Posted 21 December 2016, 4:14 p.m. Suggest removal
Economist says...
Devaluation of the Bahamian Dollar may be closer than we think.
On Bahamas receives ‘junk’ Xmas present from S&P
Posted 21 December 2016, 3:36 p.m. Suggest removal
Economist says...
Next stop....devaluation!
On Standard & Poor’s downgrades Bahamas to 'junk' status
Posted 21 December 2016, 3:35 p.m. Suggest removal
Economist says...
I have to believe that she has a plan and knows what she is doing.
I have no faith in Minnis and his gang of old men who run the FNM.
I know that the PLP can't deliver on anything.
I see our Country heading for financial disaster sooner, rather than later.
On Moncur named as Senate pick
Posted 20 December 2016, 4:48 p.m. Suggest removal
Economist says...
Tal, I am just having fun watching this all play out. No matter who, or which party I look at, I keep shaking my head and saying "Lord please help us" because He is about the only one who can..
On Moncur named as Senate pick
Posted 20 December 2016, 3:12 p.m. Suggest removal
Economist says...
Red, Gold and Green...at least the political parties can feel that they are represented.
On Collie: No chance in hell Minnis will be removed
Posted 20 December 2016, 3:09 p.m. Suggest removal