Message Board Archives
Jamaica The New Economic Powerhouse
ponderiver
2016-01-25 13:03:27
Dis cant be true ....Yaad the new powerhouse in the region ?
Looks like I and I will have to cut back on the remittance money as god knows things ruff inna England.
in his 10th Jamaica Stock Exchange conference opening speech — now for US investment bank Jefferies —
Caribbean “bond king” Gregory Fisher once again outlined the state of the international markets and global economic landscape.
Turning to Jamaica, Fisher argued that with Jamaican debt to GDP falling drastically over the past 12 months, and improving fiscal balances, Jamaica has finally regained its “powerhouse” status as the economic leader of the Caribbean.
Fisher noted that Jamaica is on track to have a lower debt to GDP than the United States by 2020, and achieve a rate of growth of better than two per cent in 2016, a huge jump from 2015’s estimated growth rate of 1.3 per cent.
He cited the view on Jamaica of Jefferson Finch, formerly of Normura, but Jefferies’ brilliant new sovereign debt economist: “the political consensus in support of the IMF programme and current macroeconomic policies over the medium term are very strong” and “we think Jamaica will continue to be an improving story on the policy front given the anchor of the IMF programme”.
He noted that in addition to Jamaica’s stock market posting the best returns globally last year, Jamaica bonds were also the 7th best performer within the EMBI Global Index out of 65 benchmark countries.
He observed that Jamaica is currently trading in line with most “BB” rates countries such as Costa Rica, and trading better than higher rated credits such as El Salvador and Brazil.
This reflects not only Jamaica’s improving credit status (in a later aside he predicted Jamaica is due for further upgrades to BB), but Fisher argues our “liquid” bond curve is even being currently regarded as a “safe haven” trade for many of the emerging market top Tier funds.
Finally, despite what may look like strong headwinds for emerging markets in 2016 from falling oil and commodity prices, deceleration in Chinese growth, Middle East tensions, and possible FED rate hikes, Fisher argued that Jamaica seems reasonably well placed compared with other emerging markets to manage these risk factors.
Financial analyst, economist etc could you please for the sake of balance ,critique this latest news
Drapsey
2016-01-25 13:09:28
In reply to ponderiver
Whatever you do, don't tell nitro.
You could pinch and tell Wally though.
VIX
2016-01-25 13:20:25
In reply to ponderiver
I'm no analyst or economist, but i can say that I'm modestly invested in Jamaican stock - JMMB, NCBJ, and GKC.
NCBJ recently purchased a 20% stake in TnT's largest insurance conglomerate.. so they can't be doing tooo badly 
ponderiver
2016-01-25 13:34:19
In reply to VIX
But Vix you could have spread di news.
Does this mean we will have to review our immigration polices
bravos
2016-01-25 13:43:36
In reply to ponderiver
I have something with JMMB,they operating long time here, and I bank with a small but sweet personal bank JMMB bought here too,best bank in T&T!!!
It's about time Ja make some progress,but don't get carried away ok with that immigration ting etc yet eh.
The IMF has ways of making their good performing customers feel extra good about themselves too eh..
hey but there are many Jas here living good and moving like dem is Trini bouffin people in store etc,"mam a wah kina business dis,honly one cyashah"?? lol..
I always engage Ja. people here..But pal there are always good days ahead,and I believe Ja is past it's worst!! 
VIX
2016-01-25 13:45:15
In reply to ponderiver
haha, probly!
With oil prices being as they are, TT might soon have to borrow $$ from Jamaica.
I selling out my TT stock and buying up Jamaican this year
bravos
2016-01-25 13:50:01
In reply to VIX
as long as yadis keep eating kiss cake and drinking chubby we good.. 
camos
2016-01-25 13:51:07
In reply to ponderiver
Lawd sister P gwine mad the one Wally!
granite
2016-01-25 14:43:36
Well,let's hope the 19000 illegals in TT find their way back ah Yard.
bravos
2016-01-25 14:52:30
In reply to granite
24,000
Yuh mad,you want them to slide back into uncertainty,24,000 more mouth to feed just so as progress start to make!
ponderiver
2016-01-25 14:52:36
In reply to bravos
It's about time Ja make some progress,but don't get carried away ok with that immigration ting etc yet eh
bruh c'mon !!! i was only klcksing
it might be a good time to launch the Jamaican wing of the raptor on top of acquiring some Jamaican stocks
bravos
2016-01-25 14:54:01
In reply to ponderiver
I know I kicksin too,lol.
Re Raptor,yes padna let's do it!! Lemme know what you thinking..
carl0002
2016-01-25 14:58:39
nitro
2016-01-25 15:00:41
In reply to Drapsey
I have been praising Peter Phillips managment of the economy for over a year. He is doing as good a job as Edward Seaga in the 80s. The people voted out Seaga and placed Omar Finsac Davis in power.
I hope the people are a bit more educated this time and ensure Peter remains in power.
No way should Shaw ever come near the minister of finance.
VIX
2016-01-25 15:00:52
In reply to ponderiver
play nice wid Bravos, he's TT's next Junior Scammy
err i mean Sammy
bravos, gimme a 10 days nah?
ponderiver
2016-01-25 15:06:08
In reply to nitro
No way should Shaw ever come near the minister of finance
Audley is very good at number crunching ...... if yuh ever see him play dominoes ....he is a borse.
Disclosure ,he is a family friend but me is a comrade till mi dead
Commie
2016-01-25 15:18:25
Until Pondie makes the ultimate investment and moves back this is propaganda.
Anyway typical that peeps need some white dudes to tell you your country is worth investing in
ponderiver
2016-01-25 15:28:06
In reply to Commie
Financial analyst, economist etc could you please for the sake of balance ,critique this latest news
steeeups
yuh is an ungrateful rass ,when yuh come to di yaad yuh get treated like a king despite your obvious dottiness , we go out of out of our way to find some crapaud fuh yuh but instead of thanks yuh always looking fuh fight.
nitro
2016-01-25 15:28:14
In reply to ponderiver
Crunching numbers but lacking discipline. He is a loose cannon with a weak leader.
Peter has done very well considering the Palin like dunce at the head of his party.
ponderiver
2016-01-25 15:30:36
In reply to nitro
Peter has done very well considering the Palin like dunce at the head of his party.
Bruh thats rough on sista P
ahem but is who appoint Peter ?... Same Sista P
rudebway
2016-01-25 15:40:53
In reply to nitro
No way should Shaw ever come near the minister of finance.
i think someone stole your screen name. Your most accurate series of posts ever. but on a serious note, Audley is the perfect Minister of Bang a Rang, Alms house and propoganda. thats his thing, and he is extremely good at it.
Portia has lost control. It seems that she is powerless to stop all the infighting. (Campbell/Lisa) , Pryce, the guys in Trelawney . i guess the thought is that since its probably her last election, no one needs to listen to her. Clearly they dont expect that she will have any influence once the new leader takes over.
nitro
2016-01-25 15:47:25
In reply to rudebway
I am not biased at all when it comes to Jamaica. A country with so much promise but has suffered from the Anansi mind set of too many politicians and business leaders.
nitro
2016-01-25 15:49:55
In reply to rudebway
I think you are on point with Portia. The JLP is in a worst position though. That party is without a leader. He has no guts.
nitro
2016-01-25 15:51:49
In reply to ponderiver
That i give her credit. She knows her limitations and those around her. She could not appoint any of her backers in that post. Peter has shown he is a man of integrity and his word.
bravos
2016-01-25 17:33:45
In reply to VIX
No way,I would never rob my country like those scamps,$7.5 million to move ah ole firetruck,$8.5 to fix a 2 metre x 2 metre sink hole emergency with about 10 pieces of equipment parked up by the site for show...
Like I told a Minister and a director not too long ago,when we work for the Gov't and people of T&T, a metre is a metre,a foot is a foot,and a yard is a yard..
Oh an tings rel slow boy,plenty outside,me ain collect a cheque in months! 
Hoping they release sumtin soon..
Definitely heading up yard with Raptor..have a young energetic businesswoman ex-chick/fling up there would talk to her,she owns a couple Juicy stores. Rel nice chick but ah feel she ah bleach..
bravos
2016-01-25 17:35:01
In reply to carl0002
Lol...
Commie
2016-01-25 19:15:09
In reply to ponderiver
Go home dude.
nick2020
2016-01-25 21:07:41
In reply to bravos
So yuh would rob them but not as bad?
bravos
2016-01-25 21:19:57
In reply to nick2020
Not so bad..
ponderiver
2016-01-27 17:07:06
In reply to nitro
That i give her credit
thank you sah
So what does the mean to the man in the street
is there a trickle down effect , more jobs less imports etc
