Official Recession Thread

[fallen_angel]

even pepper not selling again, too much from the east
best ting to sell now is orange juice

[The_Honourable]

We had many chances to diversify the economy. It could have been done in the mid 70s during the 1st oil boom but we didn't... and we suffered in the 80s. We should have learnt our lesson from that and started to diversify in the 90s. Our biggest chance was from 2002-2008 during the 2nd oil boom under the Manning administration. We had another chance under Kamla but little happened.

This recession is worldwide. How long the Saudis and OPEC going to play this game just to hold market share against Shale at the expense of their economies is hard to say. Right now they are outing fires in their own economies with new ones popping up.

If this world recession gets any worse, best believe there is going to be a WAR. From an economic standpoint whether we like it or not, war stimulates oil producing countries. If you pay attention to the US Presidential Race, both sides are not talking about peace. They are talking about who they will stand up too and being antagonistic. This means that whoever is going to be US president in November is going to war. If a war does happen in 2017, T&T would come out the recession for the time being. If that is the case, and we receive a windfall... we better start an aggressive diversification program.

[killercow]

You really think a large enough percentage of brazil carnival tourists are going to see Trinidad carnival as an alternative between now and then to make a noticeable difference in our carnival revenue?

There's a possibility. Many of them who decided not to venture to Brazil again because of Brazil's decision may still want the Carnival experience and might see T&T as an alternative despite the crime rate and other factors that may influence the decision. You also have to keep in mind that tourists come every year even when Brazil has Carnival in full swing so I guess we'll just have to wait for a report after Carnival to confirm.

[Cantmis]

Our economy is hydrocarbon based not carnival and tourism!

[ingalook]

http://www.resilience.org/stories/2008-04-06/seven-fat-cows-seven-thin-cows-hoarding-and-storing-seeds-deliverance

In the story, Joseph who was sold into Egypt becomes the powerful advisor of Pharoah, who is having bad dreams. In one of the dreams, Pharoah dreams of seven fat cows, devoured by seven starving cows. In the second, seven ripe, healthy sheaves of wheat are devoured by seven shrivelled, dry ones. Joseph correctly predicts that this means,
“Immediately ahead are seven years of great abundance in all the land of Egypt. After them will come seven years of famine and all the abundance in the land of Egypt will be forgotten. As the land is ravaged by famine, no trace of the abundance will be left in the land…And let Pharoah take steps to appoint overseers over the land, and organize by taking a fifth part of the land’s produce in the seven years of plenty. Let all the food of those good years that are coming be gathered and let the grain be collected under Pharoah’s authority as food to be stored in cities. Let that food be a reserve for the land for the seven years of famine which will come upon the land of Egypt, so that the land may not perish in the famine.”
Joseph’s understanding and forethought enable Egyptians, and ultimately his own family to survive the famine, in which “…there was no bread in all the world.“

Its called Keynesian economics - and yes, its found in the Bible

[bluesclues]

I'm going to start looking at my bills more attentively from next supermarket visit, because some of these greedy business people use any excuse to raise the price of their goods just because, Vat or not vat, but trini's buy it still.

You have android. There is grocery shopping managers. I had a real good one allowed me to log all the prices i pay for items in each supermarket. So i could always buy items where selling it the cheapest. To make good use of it though u have to shp at 3 or more locations. And well nuff times u will say 'is only $2 more here i ent driving to the next grocery just to save $2" lol

[bluesclues]

If channa increase,doubles going to increase too.

I am unsure as to why the 100% increase though. 100% over 5 years sure but 100% in just 1 day?

I asked the owner about this he said the supplier just told him there is a heavy tax imposed on imported channa. Either that owner getting rob big time by the supplier, the owner lying and double the price for spite which I doubt, or price of channa has really increased by 100% across the country.

I will wait for someone else here to confirm if this really is the case elsewhere. If so, then doubles will now cost atleast $7.

Its simple. Dont u know why that would happen? Inflation. A sign that our dollar just lost value on the world market. Cost of all imported goods will probably follow suit in a soon enough time frame.

But thais it dey.. price of doubles ...affected!

[fallen_angel]

shop owners hold back old stock to sell at elevated prices, this would also happen when they announce vat on some items, you would get the same old stock at a higher price

[redmanjp]

Our economy is hydrocarbon based not carnival and tourism!

it can't stay so forever else we dead

[redmanjp]

so given the current economic state it have any fetes charging less than $500?

[bluesclues]

so given the current economic state it have any fetes charging less than $500?

$60 usd is small money

[10-01]

so given the current economic state it have any fetes charging less than $500?

villa free entry and u could wine up on anything ... no buss face ... after

[Gem_in_i]

So exchange rate went up to $6.50 for 1US? Or i just didnt notice earlier.

[pete]

Republic forex was showing 6.47 but Scotia jammin me 6.5 all week.

Sent from my MotoG3 using Tapatalk

[Gem_in_i]

Rbc charging me $6.50

[Habit7]

In light of the recession...

[j.o.e]

Lol at bands from "all 18 constituencies" they don't consider any of the constituencies they didn't win worthy of representation/participation ?

[Duane 3NE 2NR]

Who remembers this?
I think it was TT$1 for a Stag during the recession.

Stag - The recession Fighter.

[fallen_angel]

is the recession over yet?
i see oil going back up

[desifemlove]

We had many chances to diversify the economy. It could have been done in the mid 70s during the 1st oil boom but we didn't... and we suffered in the 80s. We should have learnt our lesson from that and started to diversify in the 90s. Our biggest chance was from 2002-2008 during the 2nd oil boom under the Manning administration. We had another chance under Kamla but little happened.

This recession is worldwide. How long the Saudis and OPEC going to play this game just to hold market share against Shale at the expense of their economies is hard to say. Right now they are outing fires in their own economies with new ones popping up.

If this world recession gets any worse, best believe there is going to be a WAR. From an economic standpoint whether we like it or not, war stimulates oil producing countries. If you pay attention to the US Presidential Race, both sides are not talking about peace. They are talking about who they will stand up too and being antagonistic. This means that whoever is going to be US president in November is going to war. If a war does happen in 2017, T&T would come out the recession for the time being. If that is the case, and we receive a windfall... we better start an aggressive diversification program.

cos PNM/UNC only does care about "people who does look like dem" in office.....both as bad as each toher!

[bluesclues]

is the recession over yet?
i see oil going back up

Obama lifting sanctions it seems was part of the deal for iran to convince saudi to slow down its output significantly. oil got a bump because of the expected slowdown. how long though will/can saudi function at lower output.

[fallen_angel]

Is Trinidad bankrupt or approaching bankruptcy?
https://www.trinidadexpress.com/20160305/business/tt-not-bankrupt-says-pm

[zoom rader]

^^ always happens when this regime is in

[desifemlove]

http://www.oil-price.net/

at a few months' high.

[desifemlove]

is the recession over yet?
i see oil going back up

Obama lifting sanctions it seems was part of the deal for iran to convince saudi to slow down its output significantly. oil got a bump because of the expected slowdown. how long though will/can saudi function at lower output.

low oil here to stay. China doh care, Europe don't, USA don't. Africa, India don't, since they have other things to fall back on. Saudi mistreats women, funds ISIS, and let people die in hajj, let dem suffer lol.

[fallen_angel]

I think it going back up now

[BRZ]

The RICH still RICH, the poor still getting cepep and urp and handouts, and the already suffering and disappearing middle class will soon dwindle away either into lower class or themselves join the ranks of the RICH.

[fallen_angel]

what does a middle class person have to do to join the ranks of the RICH?

[EmilioA]

I think it going back up now

You know what UP means with regard to oil ? Anything less than $80 US is bad for we. Oil is 38 now.

[TEMPO]

what does a middle class person have to do to join the ranks of the RICH?

All they need to do is to stop flamzin on ting the bank own ! Simple....