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paid_influencer wrote:who deals with all the excrement from cruise ships. where does the crap go
The_Honourable wrote:SuperiorMan wrote:What do you guys think of this?
https://guardian.co.tt/news/imbert-dism ... e8c9bdfd89
Finance Minister Colm Imbert has dismissed information in yesterday’s Guardian on the International Monetary Fund. He claimed it was misleading.
The article stated that although the International Monetary Fund (IMF) projected economic growth of 2.1 per cent for T&T this year, economist Dr Roger Hosein has warned that the economy is in dire straits.
Hosein said while he had great respect for the IMF’s projections, he believes the agency is being “overly optimistic” about T&T’s economic outlook.
Imbert, via a Tweet, subsequently stated that in an attempt to discredit the IMF’s forecast of growth in the T&T economy in 2021, an ‘expert’ falsely claimed that “our economy is 40 per cent lower now than in 2007, when in fact our GDP is eight per cent higher now than then.”
Imbert didn’t respond to messages seeking further information.
Minister in the Ministry of Finance Brian Manning also tweeted on the article, “Convenient use of IMF figures seem to be the order of the day.”
Manning later told Guardian Media there was no in-depth analysis.
hover11 wrote:Why is no one mentioning a devaluation, the TT Dollar is heavily overvalued whether we like it or not it is inevitable
elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
But folks take whatever the red government or the media pumps out as gospel with our any research as to who are these story book writers.elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
adnj wrote:Dohplaydat wrote:adnj wrote:Dohplaydat wrote:adnj wrote:No comparison to Aruba, Curacao and Bonaire.Dohplaydat wrote:Redress10 wrote:6 months of the year is hurricane season. As we tend to sit outside the hurricane belt all sort of pleasure craft and marine vessels could be stored here for a fee. Even tourist cud come here knowing that chances of getting stuck in a hurricane are slim.
Do we take advantage of this? Nope.
Do we even care? Nobody wants to do the work but everybody want to eat and drive the best. Where will the money come from?
Tobago is also a safe haven for hurricanes, them missing out on so much tourism dollars by not having one.
Still worth doing, look how many yachts are docked here in Chaguaramas.
ABC islands aren't that much safer than us:
The Gulf of Paria is a protected body of water. Tobago is not near the coast while Aruba, Curacao and Bonaire are.
Tobago does not offer the geography to shelter a vessel more than 30 feet long during a storm.
Again you are wrong.
Canoe Bay was identified by coastal engineers as the proposed site for construction, it just never got off the ground. If a noteworthy storm is approaching these same yachties who store their boats in Chagauaramas during hurricane season can more easily move their boats from Tobago to Chaguaramas.
The fact is there is a huge demand for a marina in Tobago and we are falling asleep on its potential.
If it isn't being built then you should recognize that the demand is insufficient but you keep flogging that horse all you want.
Dohplaydat wrote:elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
It is now SHOCKING that an economic degree holder as you claim to be doesn't realize that Imbert's figures are not adjusted for inflation.
Dohplaydat wrote:A few points about devaluation:
Currency devaluation reduces importation encourages exportation and increases interest rate. However, inflation and unemployment are the side effects of devaluation in the short run.
To combat does ill effects it is recommended that discretionary policies, such as combination of monetary and fiscal measures be utilized to curb the associated increase in inflation.
Typically governments use devaluation when they have exhausted all other methods to claw their way out of a recession.
Our dollar is severely overvalued and with no way out other than rise in oil and gas prices, we ultimately have no choice.
zoom rader wrote:But folks take whatever the red government or the media pumps out as gospel with our any research as to who are these story book writers.elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
pugboy wrote:u really taking on impsbert?
the man say around elections time everything real good and we well on the. way to recovery
elec2020 wrote:Dohplaydat wrote:elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
It is now SHOCKING that an economic degree holder as you claim to be doesn't realize that Imbert's figures are not adjusted for inflation.
ah boy. doesn't take long for the fools to come crowing. so. where is the publicly available information. from national stat compilers like CSO and CBTT on constant prices GDP prior to 2012 (that is GDP adjusted for inflation)? i am not too sure why but that information does not exist (maybe because they haven't done those calculations for earlier years since the government revised the way they calculate GDP a few years ago). so as it stands, using publicly available information compiled by domestic organisations, current prices GDP shows that Roger was wrong. to humor u, lets use constant prices GDP data from IMF. For 2007 imf estimates that constant prices GDP for TnT was 164.3 and for 2020 it was 142.3. this is a 13.4 per cent decrease. while 13 and 30 sometimes sound similar they mean different thins. SO ONCE AGAIN. Roger is a dimwit and i am so grateful that i never took his teachings (making up figures and theories) to heart.
Habit7 wrote:
We are still lamenting again?
Dohplaydat wrote:elec2020 wrote:Dohplaydat wrote:elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
It is now SHOCKING that an economic degree holder as you claim to be doesn't realize that Imbert's figures are not adjusted for inflation.
ah boy. doesn't take long for the fools to come crowing. so. where is the publicly available information. from national stat compilers like CSO and CBTT on constant prices GDP prior to 2012 (that is GDP adjusted for inflation)? i am not too sure why but that information does not exist (maybe because they haven't done those calculations for earlier years since the government revised the way they calculate GDP a few years ago). so as it stands, using publicly available information compiled by domestic organisations, current prices GDP shows that Roger was wrong. to humor u, lets use constant prices GDP data from IMF. For 2007 imf estimates that constant prices GDP for TnT was 164.3 and for 2020 it was 142.3. this is a 13.4 per cent decrease. while 13 and 30 sometimes sound similar they mean different thins. SO ONCE AGAIN. Roger is a dimwit and i am so grateful that i never took his teachings (making up figures and theories) to heart.
Good work. So Imbert is wrong as he is trying convince you of growth.
I too can't find a data source that gives Roger's 40% figure, but I suspect it was a figure he calculated by adjusting TT earnings for inflation.
elec2020 wrote:Dohplaydat wrote:elec2020 wrote:Dohplaydat wrote:elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
It is now SHOCKING that an economic degree holder as you claim to be doesn't realize that Imbert's figures are not adjusted for inflation.
ah boy. doesn't take long for the fools to come crowing. so. where is the publicly available information. from national stat compilers like CSO and CBTT on constant prices GDP prior to 2012 (that is GDP adjusted for inflation)? i am not too sure why but that information does not exist (maybe because they haven't done those calculations for earlier years since the government revised the way they calculate GDP a few years ago). so as it stands, using publicly available information compiled by domestic organisations, current prices GDP shows that Roger was wrong. to humor u, lets use constant prices GDP data from IMF. For 2007 imf estimates that constant prices GDP for TnT was 164.3 and for 2020 it was 142.3. this is a 13.4 per cent decrease. while 13 and 30 sometimes sound similar they mean different thins. SO ONCE AGAIN. Roger is a dimwit and i am so grateful that i never took his teachings (making up figures and theories) to heart.
Good work. So Imbert is wrong as he is trying convince you of growth.
I too can't find a data source that gives Roger's 40% figure, but I suspect it was a figure he calculated by adjusting TT earnings for inflation.
i don't care if imbert claimed that there was growth or not. my point was that Roger was fabricating as he usually does. u slated me and questioned my credentials and thus my ability to speak on this issue. now that i correct u and put u in your place u trying to shift the goal posts? for future reference don't talk to an economist about economics if u not in the field.
elec2020 wrote:Dohplaydat wrote:elec2020 wrote:Dohplaydat wrote:elec2020 wrote:bluefete wrote:Tell Roger Hosein and the other Economists that, nah!
If we had dropped the rate by 0.50c per year / every 2 years, it may have been manageable.
But any devaluation now would lead to oppressive hardships for the POOR.
But say what. Those same poor would go back and put left foot right foot and rising suns.elec2020 wrote:if you devalue u also risk slashing down wealth overnight. for instance, if i bought a BMW (house) valued at lets say US$ 100,000 ($US 1,000,0000) before the devaluation, after devaluation (of lets say 30 per cent) it now becomes worth US$70,000 (US$ 700,000). devaluation is not something to be taken lightly as it will also have ramifications for government debt, loans, mortgages, insurance policies, pensions, etc. u could argue that the best time to devalue may have been between 2010 and 2014 (when oil prices were nice) but hindsight is 20/20. now is not the time to devalue at all.
u think i does take on Roger seriously. the man was a tunts during my undergrad (almost a decade ago) and still reamins a tunts now. he preys on the fact that most people take what a published economist says as gospel. imbert show him up though with them 2007 GDP figures. LOL
It is now SHOCKING that an economic degree holder as you claim to be doesn't realize that Imbert's figures are not adjusted for inflation.
ah boy. doesn't take long for the fools to come crowing. so. where is the publicly available information. from national stat compilers like CSO and CBTT on constant prices GDP prior to 2012 (that is GDP adjusted for inflation)? i am not too sure why but that information does not exist (maybe because they haven't done those calculations for earlier years since the government revised the way they calculate GDP a few years ago). so as it stands, using publicly available information compiled by domestic organisations, current prices GDP shows that Roger was wrong. to humor u, lets use constant prices GDP data from IMF. For 2007 imf estimates that constant prices GDP for TnT was 164.3 and for 2020 it was 142.3. this is a 13.4 per cent decrease. while 13 and 30 sometimes sound similar they mean different thins. SO ONCE AGAIN. Roger is a dimwit and i am so grateful that i never took his teachings (making up figures and theories) to heart.
Good work. So Imbert is wrong as he is trying convince you of growth.
I too can't find a data source that gives Roger's 40% figure, but I suspect it was a figure he calculated by adjusting TT earnings for inflation.
i don't care if imbert claimed that there was growth or not. my point was that Roger was fabricating as he usually does. u slated me and questioned my credentials and thus my ability to speak on this issue. now that i correct u and put u in your place u trying to shift the goal posts? for future reference don't talk to an economist about economics if u not in the field.
Habit7 wrote:I realise on this forum ppl don't like when you use too many facts on an issue to make your opinion. They act like you are cheating or something.
They should be able to spew whatever unfounded notion they have on a subject and if you refute them with fact or authority in the area they get vex.
Habit7 wrote:For our GDP to surge, oil and gas prices need to be buoyant and our production needs to increase. Our production is expected to start increasing this year into 2025. But as recent events are showing us that there are things you can't plan for.
If Soufriere continues for months or worst years, it could threaten air transport in the region and even TT. This will further cripple our service sector as not even flights to Tobago will be available. Changing Imbert or the govt doesn't affect none of those factors.
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