If you only knew how real markets operated, and the history of BISX (no buy orders for a year in spite of being a market-maker for some securities), then you would share the same opinion as those in the trade. BISX is so far from being a real capital market, that it is embarrassing (or should be) to anyone with any knowledge of how markets should work. It is a Mickey Mouse operation. When I have to sit and elucidate BISX to my foreign clients, and I see their jaw drop, it is not very pleasant. Only the unsophisticated think that BISX is viable.
Hilarious -- the Snake says that it is the Opposition's fault for not giving answers, while the PLP kleptocracy has the hand on the tiller (and in the till) and are in charge. I can't see his face without thinking of bovine excrement.
This is pure bosh at its finest. There are several factual errors of omission, commission and some outright lies, damn lies and statistics.
First and foremost, who said that there will be 5,000 jobs at Baha Mar? I am willing to bet that only a fraction of the property will open in 2017, if at all. There are some horrible construction remediation efforts required due to being empty and shoddy workmanship.
And then we get the magic of his obeah numbers. He says that the magic 5,000 jobs will generate $100 million and that will create investment in BISX stocks. At $20,000 a year, how much of that is available for investment? Nil !! It is barely livable wages. And when you factor in domestic debt at an all-time high, and the banks holding hundreds of millions in defaulted mortgages, and the fact that Baha Mar will not make a measurable impact on the structural unemployment, Anderson sounds like a hick. There is no way that I would trust him with any fiduciary responsibilities if he can reason in a macro sense about the economy. It sounds as if he is buying and drinking the PLP Kool Aid. Newsflash -- Baha Mar ain't gonna save the economy! Even if it opens 100%, the well is so poisoned by the PR failures, that first and foremost they will not be able to attract the guests, and secondly there is not enough airlift to create the economic offsets to save the economy. Why would anyone come here when Americans can visit exotic Cuba and buy Cuban rum and Cuban cigars? A Bahamian vacation is the most expensive holiday and worst value for money compared to anywhere else in the Caribbean.
Anderson is an economic rube who cannot read the writing on the wall, and is seeing his empire slip-sliding away. This bosh is the equivalent of whistling in the dark while walking past the graveyard to keep the "sperrits" away from haunting and scaring him.
Any wise person will not invest in BISX. It is a moribund failure.
The funny part is Neil Hartnell. In one article, he quotes the Snake as saying Baha Mar won't save anything, and in this one, he quotes Anderson saying that it will save BISX, and Hartnell has no cognitive dissonance, and doesn't even question people when he has two opposing viewpoints. I don't know why he has a work permit. A stenographer could take his place.
What Mr. Allen fails to understand, is taking the department of statistics at face value results in some catastrophic reasoning. The baseline numbers are incorrect. Mr. Allen quite rightly says that they cannot understand or interpret the statistics. The bigger problem, is that they cannot assemble them for an accurate baseline. The reported numbers are hugely and willfully inaccurate done purposefully to paint a rosier picture. Even PLP crony and apologist James Smith allows that structural and endemic unemployment is over 20% . When factored with the under-employed, the real unemployment numbers are close to 30%. They do not include those who have stopped looking for work or a segment of the population who fly under the radar because of socio-economic marginalisation and/or hidden economy participants.
I am constantly amazed at how armchair quarterbacks have a myopia that makes them say stupid things like Mr. Allen has said. Every economic indicator shows the Bahamian economy is in a freefall. The junk status is a warning shot over the bow and a bellwether. The view in this article is naive, ill-reasoned and not factual. I would be willing to bet my entire net worth that unemployment will not reach 7 or 8 percent within the next decade unless the monolithic economy is revamped.
banker says...
Poor birdie. She forgot to pay her brain bill, and she was disconnected. No peas in that peas 'n rice noggin.
On Ex-minister: Bahamas is ‘nowhere near’ junk
Posted 1 January 2017, 7:49 p.m. Suggest removal
banker says...
How the hell are you going to afford that?
On March 1 residency threshold doubling goal ‘unacceptable’
Posted 1 January 2017, 7:45 p.m. Suggest removal
banker says...
Nice to see young people in the pic.
On 'Cover breasts to register for vote'
Posted 30 December 2016, 12:51 p.m. Suggest removal
banker says...
If you only knew how real markets operated, and the history of BISX (no buy orders for a year in spite of being a market-maker for some securities), then you would share the same opinion as those in the trade. BISX is so far from being a real capital market, that it is embarrassing (or should be) to anyone with any knowledge of how markets should work. It is a Mickey Mouse operation. When I have to sit and elucidate BISX to my foreign clients, and I see their jaw drop, it is not very pleasant. Only the unsophisticated think that BISX is viable.
On Capital markets await $70-$100m in fund raisings
Posted 28 December 2016, 10:51 p.m. Suggest removal
banker says...
Hilarious -- the Snake says that it is the Opposition's fault for not giving answers, while the PLP kleptocracy has the hand on the tiller (and in the till) and are in charge. I can't see his face without thinking of bovine excrement.
On Sir Franklyn: ‘No positive spin’ for junk downgrade
Posted 28 December 2016, 4:02 p.m. Suggest removal
banker says...
This is pure bosh at its finest. There are several factual errors of omission, commission and some outright lies, damn lies and statistics.
First and foremost, who said that there will be 5,000 jobs at Baha Mar? I am willing to bet that only a fraction of the property will open in 2017, if at all. There are some horrible construction remediation efforts required due to being empty and shoddy workmanship.
And then we get the magic of his obeah numbers. He says that the magic 5,000 jobs will generate $100 million and that will create investment in BISX stocks. At $20,000 a year, how much of that is available for investment? Nil !! It is barely livable wages. And when you factor in domestic debt at an all-time high, and the banks holding hundreds of millions in defaulted mortgages, and the fact that Baha Mar will not make a measurable impact on the structural unemployment, Anderson sounds like a hick. There is no way that I would trust him with any fiduciary responsibilities if he can reason in a macro sense about the economy. It sounds as if he is buying and drinking the PLP Kool Aid. Newsflash -- Baha Mar ain't gonna save the economy! Even if it opens 100%, the well is so poisoned by the PR failures, that first and foremost they will not be able to attract the guests, and secondly there is not enough airlift to create the economic offsets to save the economy. Why would anyone come here when Americans can visit exotic Cuba and buy Cuban rum and Cuban cigars? A Bahamian vacation is the most expensive holiday and worst value for money compared to anywhere else in the Caribbean.
Anderson is an economic rube who cannot read the writing on the wall, and is seeing his empire slip-sliding away. This bosh is the equivalent of whistling in the dark while walking past the graveyard to keep the "sperrits" away from haunting and scaring him.
Any wise person will not invest in BISX. It is a moribund failure.
The funny part is Neil Hartnell. In one article, he quotes the Snake as saying Baha Mar won't save anything, and in this one, he quotes Anderson saying that it will save BISX, and Hartnell has no cognitive dissonance, and doesn't even question people when he has two opposing viewpoints. I don't know why he has a work permit. A stenographer could take his place.
On Capital markets await $70-$100m in fund raisings
Posted 28 December 2016, 3:54 p.m. Suggest removal
banker says...
What Mr. Allen fails to understand, is taking the department of statistics at face value results in some catastrophic reasoning. The baseline numbers are incorrect. Mr. Allen quite rightly says that they cannot understand or interpret the statistics. The bigger problem, is that they cannot assemble them for an accurate baseline. The reported numbers are hugely and willfully inaccurate done purposefully to paint a rosier picture. Even PLP crony and apologist James Smith allows that structural and endemic unemployment is over 20% . When factored with the under-employed, the real unemployment numbers are close to 30%. They do not include those who have stopped looking for work or a segment of the population who fly under the radar because of socio-economic marginalisation and/or hidden economy participants.
I am constantly amazed at how armchair quarterbacks have a myopia that makes them say stupid things like Mr. Allen has said. Every economic indicator shows the Bahamian economy is in a freefall. The junk status is a warning shot over the bow and a bellwether. The view in this article is naive, ill-reasoned and not factual. I would be willing to bet my entire net worth that unemployment will not reach 7 or 8 percent within the next decade unless the monolithic economy is revamped.
On Stop the negative spinning
Posted 28 December 2016, 10:45 a.m. Suggest removal
banker says...
You can lead a whores to water, but you can't make him think.
On PM's Christmas message: 'We must continue to work together'
Posted 28 December 2016, 9:27 a.m. Suggest removal
banker says...
It's no wonder that Bernadette doesn't put up with him.
On PM's Christmas message: 'We must continue to work together'
Posted 27 December 2016, 1:34 p.m. Suggest removal
banker says...
Wrong.
On NIB creates new fears of ‘fiscal crisis’
Posted 27 December 2016, 1:31 p.m. Suggest removal