Mr. Bowe is absolutely right. The Government's continued reckless spending, growing of its costly headcount, and fiscal irresponsibility generally, are taking a serious toll on the creditworthiness and value of all Government issued and/or guaranteed securities.
This has enormously harmful implications for banks and insurance companies that are required by law to have a certain portion of their assets invested in such securities. There is also the problem of few alternative fixed income investments due to our closed exchange control regulated domestic economy. And as we all know, our domestic economy has been racking up ever increasing annual deficits for decades with no monetary policy release valve available to the Central Bank to release the explosive pressures that have built up and led to a de facto significant devaluation of the Bahamian dollar.
Increasing the money supply by printing more Bahamian dollars only exacerbates inflation and the problem of financial institutions already being too flush with customer deposits at a time when there are fewer desirable investment opportunities.
Meanwhile interest rates on one, three and six-month U.S. Treasury bills are well over 5%, but our financial institutions have no such short duration investments available to them to help better manage the interest rate, liquidity and credit risk on their balance sheets. Not at all good for our financial system! The Government really needs to get its house in order, and the sooner the better.
Unbelievable! Over night privy council increases number of Bahamian citizens by at least 100,000. And now Bahamian women both in and out of wedlock will start squawking that they should have the same rights to increase the number of Bahamians by yet another 100,000+ children they have carried in their wombs for foreign men. The newly minted Bahamians will be flooding into The Bahamas from countries like Jamaica, Trinidad and Haiti, with most of them wanting to live on an already overcrowed New Providence Island.
Brazil is not even considered a developing country anymore. It is a global economic powerhouse that is in the process of having its great wealth of natural resources exploited by the Chinese Communist Party.
Suggest you stop calling them irregular migrants. They are illegal aliens even though Fwreddy Boy Mitchell would much prefer they be referred to as Future Bahamians.
That **IT** will be able to go into any restroom or shower anywhere in Canada that **IT** chooses in order to get a good look at the exposed young sons or daughters of Canadians thanks to Justin Trudeau.
ExposedU2C says...
We don't have the same problem with proving stupidity........everytime AG Pinder opens his mouth he does that for us.
On How to prove paternity is next as govt to grapple with citizenship questions
Posted 5 May 2023, 11:15 a.m. Suggest removal
ExposedU2C says...
ZZZZZZzzzzzzzz..........
On Low energy: Bahamas worst in Caribbean for renewables
Posted 5 May 2023, 11:12 a.m. Suggest removal
ExposedU2C says...
Mr. Bowe is absolutely right. The Government's continued reckless spending, growing of its costly headcount, and fiscal irresponsibility generally, are taking a serious toll on the creditworthiness and value of all Government issued and/or guaranteed securities.
This has enormously harmful implications for banks and insurance companies that are required by law to have a certain portion of their assets invested in such securities. There is also the problem of few alternative fixed income investments due to our closed exchange control regulated domestic economy. And as we all know, our domestic economy has been racking up ever increasing annual deficits for decades with no monetary policy release valve available to the Central Bank to release the explosive pressures that have built up and led to a de facto significant devaluation of the Bahamian dollar.
Increasing the money supply by printing more Bahamian dollars only exacerbates inflation and the problem of financial institutions already being too flush with customer deposits at a time when there are fewer desirable investment opportunities.
Meanwhile interest rates on one, three and six-month U.S. Treasury bills are well over 5%, but our financial institutions have no such short duration investments available to them to help better manage the interest rate, liquidity and credit risk on their balance sheets. Not at all good for our financial system! The Government really needs to get its house in order, and the sooner the better.
On 'Real life consequences': Fidelity's $560k Moody's hit
Posted 5 May 2023, 11 a.m. Suggest removal
ExposedU2C says...
Unbelievable! Over night privy council increases number of Bahamian citizens by at least 100,000. And now Bahamian women both in and out of wedlock will start squawking that they should have the same rights to increase the number of Bahamians by yet another 100,000+ children they have carried in their wombs for foreign men. The newly minted Bahamians will be flooding into The Bahamas from countries like Jamaica, Trinidad and Haiti, with most of them wanting to live on an already overcrowed New Providence Island.
On ‘CITIZENSHIP FIGHT WAS FOR EVERYONE’: Privy Council upholds ruling on birthright
Posted 5 May 2023, 10:07 a.m. Suggest removal
ExposedU2C says...
Only a fool willing to be parted from their money would want Anthony Ferguson and his Greek master involved in any type of investment.
On PM to draw down $400m for GB Airport
Posted 5 May 2023, 9:29 a.m. Suggest removal
ExposedU2C says...
Brazil is not even considered a developing country anymore. It is a global economic powerhouse that is in the process of having its great wealth of natural resources exploited by the Chinese Communist Party.
On NATION TO ANSWER OVER HUMAN RIGHTS: Government’s position on key issues will be under scrutiny by UN Council
Posted 3 May 2023, 4:07 p.m. Suggest removal
ExposedU2C says...
Suggest you stop calling them irregular migrants. They are illegal aliens even though Fwreddy Boy Mitchell would much prefer they be referred to as Future Bahamians.
On UN urges The Bahamas not to detain asylum seekers
Posted 3 May 2023, 3:54 p.m. Suggest removal
ExposedU2C says...
Are you serious? Just look at the size of the man. None of us would want his weekly food bills!
On AML loses receiver bid over attorney's assets
Posted 3 May 2023, 3:47 p.m. Suggest removal
ExposedU2C says...
That **IT** will be able to go into any restroom or shower anywhere in Canada that **IT** chooses in order to get a good look at the exposed young sons or daughters of Canadians thanks to Justin Trudeau.
On Transgender woman moved to Canada to find a better life
Posted 1 May 2023, 8:14 p.m. Suggest removal
ExposedU2C says...
Small wonder Tiger's son, Mark Finlayson, remains best of friends with Snake's son, Franon Wilson. Birds of a feather. LOL
On Finlayson fears of ‘ruin’ don’t sway Appeal Court
Posted 1 May 2023, 8 p.m. Suggest removal