CB Governor says T&T officially in recession

[brams112]

If they get it before Christmas and carnival, that is the end of it.

That 50billion have to go back to the owners some way or the other,even if it is siphoned out by the drops .

[Numb3r4]

http://www.cnbc.com/2015/12/10/opec-pre ... -2016.html http://www.cnbc.com/2015/11/13/why-oil- ... ntary.html where then iz lie?

That article did acknowledge that production from non-OPEC members will be less so this might send prices up, however it did not take into consideration the impact of the Iranian oil hitting the market, it did say that Iran would not cut production in fact they may be looking to increase production.

So he cannot be lying or "deceiving" Dr. R if most global energy experts does say same ting..ent?

This is a descent video. Depends on the expert. It isn't that he is lying...but at the same time he should actually be preparing the population for the worst...not giving them hope based on speculation despite that fact that "experts" may be doing it. Not all "experts" say it will raise and those that do predict only short term gain. The best prediction/statement by an expert was "...there is no sure income..."

The fact remains that storage space is running out and this would only lead to price going down further.

[youtube]https://www.youtube.com/watch?v=y7NjvBBPP_g[/youtube]

[zagie]

the issue with that back pay is that its due for a long time now since 2013, cost of living gone up since then and the dollar depreciated since then so the longer they take to get the money the less it value and dont mention the 25 % off the top for taxes, so since then they saving lol

[zoom rader]

Meanwhile the media protects this government and citizens under pressure.

[daxt0r]

deny dem public servants any back pay and cut dey pay going forward all ah dem too blasted lazy and inefficient. They should get paid according to their productivity which would mean technically they owing us, i.e. d public

[Cantmis]

deny dem public servants any back pay and cut dey pay going forward all ah dem too blasted lazy and inefficient. They should get paid according to their productivity which would mean technically they owing us, i.e. d public

To much gimme gimme syndrome! !!

[scotty_buttons]

the issue with that back pay is that its due for a long time now since 2013, cost of living gone up since then and the dollar depreciated since then so the longer they take to get the money the less it value and dont mention the 25 % off the top for taxes, so since then they saving lol

More like due since 2008 for some people...

[Chimera]

them banks eh start giving "backpay" loans yet?

"We know you are expecting your backpay but need your money NOW for christmas! come into us with your payslip and get cash now! Please note that its at 50% interest

[The_Honourable]

Imbert indicated that Dr. Rowley would be addressing the nation tonight about the state of the economy... but now I am hearing that it has been cancelled.

Can anyone confirm?

[Chimera]

he mus be find sis stockpile of cash

everything good now

recession is cancelled ppl!

[antlind]

Imbert indicated that Dr. Rowley would be addressing the nation tonight about the state of the economy... but now I am hearing that it has been cancelled.

Can anyone confirm?

Rowely and his team can't seem to get their act together. What is he going to tell the nation? That we are in a recession? That things bad? That Kamla spend out all the money? That there will be lots of cut backs in 2016? It's no secret.

[zoom rader]

Imbert indicated that Dr. Rowley would be addressing the nation tonight about the state of the economy... but now I am hearing that it has been cancelled.

Can anyone confirm?

Rowely and his team can't seem to get their act together. What is he going to tell the nation? That we are in a recession? That things bad? That Kamla spend out all the money? That there will be lots of cut backs in 2016? It's no secret.

I warned you all that this government can't handle finance.

[antlind]

Imbert indicated that Dr. Rowley would be addressing the nation tonight about the state of the economy... but now I am hearing that it has been cancelled.

Can anyone confirm?

Rowely and his team can't seem to get their act together. What is he going to tell the nation? That we are in a recession? That things bad? That Kamla spend out all the money? That there will be lots of cut backs in 2016? It's no secret.

I warned you all that this government can't handle finance.

I'm worried about their ability to handle a lack of finance.

[zoom rader]

Imbert indicated that Dr. Rowley would be addressing the nation tonight about the state of the economy... but now I am hearing that it has been cancelled.

Can anyone confirm?

Rowely and his team can't seem to get their act together. What is he going to tell the nation? That we are in a recession? That things bad? That Kamla spend out all the money? That there will be lots of cut backs in 2016? It's no secret.

I warned you all that this government can't handle finance.

I'm worried about their ability to handle a lack of finance.

They never had the opportunity to manage a recession. Other governments did and was successful.

But then again this is an inflated recession fabricated by the government financiers for their own greed.

[j.o.e]

How was KPB planning to manage it ? By ignoring it ? They ignored the first 9 months of it

[Redman]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

[Redman]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

[zoom rader]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

Off course the PP can, this illegal government has no proven track record of managing a recession.

On another note your PNM Prime Minister juss say we not in a recession.
Seems PNM back peddling now.

[EFFECTIC DESIGNS]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

Well UNC did run the country successfully on $9 a barrel. offcourse that was under Pandey.

[1UZFE]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

How long was oil 100 vs how long it was >100?

[bluesclues]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

50?

havent you heard? it slipped again and all agencies are predicting $20 oil somewhere in 2016. we at 35-36 now. demand has dropped and suppliers have no intention of reducing supply rate because theyre all fighting for market share. trinidad will become a nobody in all this if competitors up the supply rate it could send local companies out of business becauese they cant compete with larger global suppliers.

butttt we could jack up our price for anyone who reaches the point where they need emergency supply. i mean supply and demand right? so if the global oil markets split off for whatever reason and someone cant get oil anymore from their main supplier, it could push more investment locally.

but seeing as they pulled from the seed vault the other day. i think its a sign of things to come. that they may just start extracting from the virgin deposits at the poles. cordoned off by un charter for un countries in a world energy crisis.

[bluesclues]

Imbert indicated that Dr. Rowley would be addressing the nation tonight about the state of the economy... but now I am hearing that it has been cancelled.

Can anyone confirm?

Rowely and his team can't seem to get their act together. What is he going to tell the nation? That we are in a recession? That things bad? That Kamla spend out all the money? That there will be lots of cut backs in 2016? It's no secret.

I warned you all that this government can't handle finance.

well this i think is what the population hawk eyeing at the moment. the moment of truth. they fk this up and the pattern will be clear. pnm fails at economic management. every time. rowley getting his chance in the captain's seat now. so if even with a different captain we get same poor result, then maybe is not the captain, but the boat lol

[Numb3r4]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

Well UNC did run the country successfully on $9 a barrel. offcourse that was under Pandey.

Not to mention they still had left over to steal....

[Country_Bookie]

World Bank sees 0.5% growth in T&T in 2016

AFTER estimating Trinidad and Tobago’s 2015 economic growth at zero per cent this year, the Washington-based World Bank has further estimated the local economy grew one per cent in 2014, and will grow by 0.5 per cent in 2016.
The bank projected the estimates in a December 16 online update on the country.
The Central Statistical Office (CSO), although not yet fully operational, with no appointed Director of Statistics, and still not producing quarterly gross domestic product (GDP) estimates, has stood by its 0.2 per cent estimate for 2015 GDP growth “approved by the (now former) Director of Statistics for dissemination in August 2015”. In response to an Express query on December 14, the CSO said its latest official “finalised” GDP numbers were for 2012, when the economy grew 1.3 per cent. For 2013 and 2014, the CSO said it had only “revised estimates” of 2.3 per cent and -1.0 per cent respectively. GDP estimates for 2015 are “provisional and are generally based on four to six months price and output indicator data”, the CSO said.
“The CSO does not currently produce quarterly GDP estimates,” acting Director of Statistics, Sean O’Brien, said in an e-mail. When asked, O’Brien could not say whether the CSO is now fully operational. He referred questions “unrelated to statistical data” to the permanent secretary of the CSO’s line ministry, the Ministry of Planning and Development. The office of PS Jacinta Bailey-Sobers, after several promises since December 16, failed to deliver—up to last night—a response to the question on if the CSO was fully operational. In a January statement, the International Monetary Fund (IMF) had said: “There has been progress on the structural reform front. Data provision by the CSO has materially improved, but still falls short of acceptable standards.
Therefore it will be important that the pace of CSO improvements is sustained, and we encourage the Government to press ahead with its plans to put the CSO on an independent and well-funded footing within 18 months.” Counting from the IMF statement, 18 months would be around June next year. Conditions for another downgrade?
Moody’s Investors Service, when it downgraded Trinidad and Tobago earlier this year, said in its May 7 report: “Ongoing severe deficiencies in the provision of macroeconomic data have also strained the rating compared to its peers.” Moody’s also cited the dearth of data as a reason Trinidad and Tobago could suffer another downgrade. Moody’s said: “Downward pressure on the rating could arise from: (1) lack of progress to address fiscal slippage in a durable medium-term strategy; (2) persistent low oil prices that limit prospects for deep-water oil and gas exploration; (3) further deterioration in data quality.” Regardless of whether conditions (1) (2) and (3) have been met, and Trinidad and Tobago is therefore due for a Moody’s downgrade early next year, in the same May 7 report, Moody’s also dropped the factoid: “In Moody’s rated universe, T&T is the highest rated sovereign with data limitations present to such an extent, with Suriname (Ba3 stable) and Gabon (Ba3 stable) as the closest peers with inadequate provision of statistics.”

Imbert was expecting CSO to say that we not in a recession? They only now finalised numbers for 2012 and still working on 2013 and 2014. We can therefore expect a definitive response from them by 2018.

[Kewell35]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

Blame Kamla for everything. 5 years down the line when Franklyn Khan wife get another $100 million in contract and all you protesting for pay, still blame Kamla. These people are totally incompetent when it comes to handling the economy of this country.

[zoom rader]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

Blame Kamla for everything. 5 years down the line when Franklyn Khan wife get another $100 million in contract and all you protesting for pay, still blame Kamla. These people are totally incompetent when it comes to handling the economy of this country.

Since PNM stole election you cah see Rfari and Habit7 busy decorating his gift from PNM hdc. RASC busy borrowing ppl cologne
No comments from either of dem

[RASC]

Hai Guize
Just came from the bank... Looking for best loan rate for carnival

[Redman]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

How long was oil 100 vs how long it was >100?

If you guys cant figure out a general statement then so be it....but

The actual average WTI for UNC s reign was 87.76.
Thus far the average since elections is about 43
about 50%-
But given the fact that based on in 2014 Hassanali confirmed that we were paying about 113 while the average WTI for the period was in fact 101,we was paying above WTI prices for sub WTI crude.
Yes Ive compared the imports from the consolidated data from MOE
Pro rating the average over payment % would put that 87 at 98.


I guess SIS had the contract.

Well UNC did run the country successfully on $9 a barrel. offcourse that was under Pandey

ED -Maybe you should compare the size of the Budget at that time...BEFORE making these statements.
of course...then you might realize ....you are off course

Blame Kamla for everything.

Well a)she put herself as the best person for the job.
and b)the campaign was KAMLA 2015.....so I figured dais everybody collective name in de UNC.
and c) it was a direct response toj.o.e.'s post.
but its ok---soak up the view from the opposition side for a bit...

[RASC]

These people ran the country into the ground and now looking to point fingers...
I dunno why they just don't focus on their election court case

[Kewell35]

Yeah
Kpb screwed up.for.five years with oil.at 100....now she expects us to believe they can do better with oil at 50?

Steups

How long was oil 100 vs how long it was >100?

If you guys cant figure out a general statement then so be it....but

The actual average WTI for UNC s reign was 87.76.
Thus far the average since elections is about 43
about 50%-
But given the fact that based on in 2014 Hassanali confirmed that we were paying about 113 while the average WTI for the period was in fact 101,we was paying above WTI prices for sub WTI crude.
Yes Ive compared the imports from the consolidated data from MOE
Pro rating the average over payment % would put that 87 at 98.


I guess SIS had the contract.

Well UNC did run the country successfully on $9 a barrel. offcourse that was under Pandey

ED -Maybe you should compare the size of the Budget at that time...BEFORE making these statements.
of course...then you might realize ....you are off course

Blame Kamla for everything.

Well a)she put herself as the best person for the job.
and b)the campaign was KAMLA 2015.....so I figured dais everybody collective name in de UNC.
and c) it was a direct response toj.o.e.'s post.
but its ok---soak up the view from the opposition side for a bit...

Why don't you be objective and blame the idiots in charge right now for their incompetence?