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Red government can fix ithover11 wrote:CENTRAL BANK CONCERNED ABOUT UNEMPLOYMENT AND HIGH PRICES.
TRINIDAD and Tobago will, this year, participate in the world's slight rebound from the covid19 pandemic – as now dampened by fallout from Russia's invasion of the Ukraine – said the Central Bank's Annual Economic Survey 2021.
"TT’s short-term outlook is expected to improve in 2022," the report said.
With the reopening of the economy, growth is expected in TT's energy and non-energy sectors.
However, the report had concerns about jobs and high prices, especially in the building sector and for foodstuffs.
Higher freight prices and global shortages for raw materials drove up prices in the construction materials especially steel and lumber.
https://newsday.co.tt/2022/05/05/centra ... ng-prices/
.....adnj wrote:Ripe Chenette wrote:So the >80%of US dollars being printed in the past 2 and some years doesn't have a part to play?
I don't understand how you can see causality between US national debt and worldwide inflationary pressure.
Don't assume that all inflation is a bad thing, either.
There are a few reasons inflation makes it easier for a government to pay its debt, especially when inflation is higher than expected. In summary:
Higher inflation increases nominal tax revenues (if prices are higher, the government will collect more VAT, workers pay more income tax)
Higher inflation reduces the real value of debt, bondholders on fixed interest rates will see a fall in the real value of their bonds and it becomes easier for the government to pay back these bonds.
Higher inflation can enable the government to freeze income tax thresholds so more workers pay higher tax rates – it becomes a way to increase tax revenues without increasing tax rates.
Why inflation can benefit the government at the expense of bondholders
Let’s assume an economy has 0% inflation, and people expect inflation to remain at 0%.
Then let us assume the government needs to borrow £2bn by selling 30-year bonds worth £1,000 to the private sector. To attract people to buy bonds, the government may offer an interest rate of 2% a year.
The government will then have to pay back the full amount of the bonds £1,000, plus the annual interest payments on these bonds (£20 a year at 2%).
The investors who buy the bonds will make a profit. The bond yield (2%) is above the inflation rate. They get back their bonds plus the interest.
However, suppose, unexpectedly there was inflation of 10%. This reduces the value of money. As prices go up because of inflation, £1,000 would buy a lower quantity of goods and services.
Because of inflation, the government would get more tax revenue as wages and prices increase (e.g. if prices go up 10%, the government’s VAT receipts will increase 10%)Therefore, inflation helps government automatically get more tax revenue.
However, bondholders lose out. The government still only have to pay back £1,000. But, inflation has reduced the value of that £1,000 bond (real value is now £900.) The inflation rate (10%) is higher than the interest rate (2%) on the bond, so they are losing the real value of their savings.
Inflation means that repaying bondholders requires a smaller % of the government’s total tax revenue – so it is easier for government to pay back the original debt they borrowed.
The Government (borrower) is better off, bondholders (savers) are worse off as a result of inflation.
https://www.economicshelp.org/blog/3015 ... -pay-debt/
A country simply cannot print more money to fix it's problems, it doesn't work like that. The US will simply borrow again because that's how their economy is built on debtadnj wrote:.....adnj wrote:Ripe Chenette wrote:So the >80%of US dollars being printed in the past 2 and some years doesn't have a part to play?
I don't understand how you can see causality between US national debt and worldwide inflationary pressure.
Don't assume that all inflation is a bad thing, either.
There are a few reasons inflation makes it easier for a government to pay its debt, especially when inflation is higher than expected. In summary:
Higher inflation increases nominal tax revenues (if prices are higher, the government will collect more VAT, workers pay more income tax)
Higher inflation reduces the real value of debt, bondholders on fixed interest rates will see a fall in the real value of their bonds and it becomes easier for the government to pay back these bonds.
Higher inflation can enable the government to freeze income tax thresholds so more workers pay higher tax rates – it becomes a way to increase tax revenues without increasing tax rates.
Why inflation can benefit the government at the expense of bondholders
Let’s assume an economy has 0% inflation, and people expect inflation to remain at 0%.
Then let us assume the government needs to borrow £2bn by selling 30-year bonds worth £1,000 to the private sector. To attract people to buy bonds, the government may offer an interest rate of 2% a year.
The government will then have to pay back the full amount of the bonds £1,000, plus the annual interest payments on these bonds (£20 a year at 2%).
The investors who buy the bonds will make a profit. The bond yield (2%) is above the inflation rate. They get back their bonds plus the interest.
However, suppose, unexpectedly there was inflation of 10%. This reduces the value of money. As prices go up because of inflation, £1,000 would buy a lower quantity of goods and services.
Because of inflation, the government would get more tax revenue as wages and prices increase (e.g. if prices go up 10%, the government’s VAT receipts will increase 10%)Therefore, inflation helps government automatically get more tax revenue.
However, bondholders lose out. The government still only have to pay back £1,000. But, inflation has reduced the value of that £1,000 bond (real value is now £900.) The inflation rate (10%) is higher than the interest rate (2%) on the bond, so they are losing the real value of their savings.
Inflation means that repaying bondholders requires a smaller % of the government’s total tax revenue – so it is easier for government to pay back the original debt they borrowed.
The Government (borrower) is better off, bondholders (savers) are worse off as a result of inflation.
https://www.economicshelp.org/blog/3015 ... -pay-debt/
Dave wrote:What is polourie? Tomatoes are used to make that?
88sins wrote:Dave wrote:What is polourie? Tomatoes are used to make that?
I'm a tad more concerned that for as long as you have been on tuner that you took the time and effort involved to actually read and respond the digital ravings of a proven internet lunatic.
buh wha ah go tell yuh? If it wukkin for u, wuk it
He does still post up those fantasy meals that he has with his Chinese friends for Sunday tea?Dave wrote:A person of his alleged caliber and his carefully typed gourmet meals I would have expected more from him.....NOT!88sins wrote:Dave wrote:What is polourie? Tomatoes are used to make that?
I'm a tad more concerned that for as long as you have been on tuner that you took the time and effort involved to actually read and respond the digital ravings of a proven internet lunatic.
buh wha ah go tell yuh? If it wukkin for u, wuk it
RedVEVO wrote:The price of tomatoes have plummeted !
Time to make pasta , pizza and polourie .
Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
pugboy wrote:eat as much tomato as you can now, when rains come next month dont complain when prices back in double digits for the rest of the year
dogg wrote:Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
what's being done in other countries?
Well they in the weed business now.Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
FuadAdnan wrote:RedVEVO wrote:The price of tomatoes have plummeted !
Time to make pasta , pizza and polourie .
Hey girl, sup.
My venezolana girl makes pholourie with tomatoes....that is what you talking about?
Redress10 wrote:dogg wrote:Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
what's being done in other countries?
Countries such as? What's your point?
You can copy what Barbados is doing with Guyana. Or did Barbados copy T&T?dogg wrote:Redress10 wrote:dogg wrote:Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
what's being done in other countries?
Countries such as? What's your point?
What are governments in other countries doing about food security? What plans can we copy?
Veves, I have plenty basil.How do you prepare the tomatoes exactly?What preservative, vinegar etc?RedVEVO wrote:There is also a plethora of cucumbers and eggplant at the local grocery. Get them NOW !!
Tomatoes you can prepare with basil and store in containers - mason jars .
On Sundays there is a plenitude of different chinese teas - no Lipton or Rose - Chinese peeps / comrades entertain with a special dish of "cucumber and eggs" as we talk about the opportunities in investment and stocks & bonds.
Then there is the everlasting glorious "eggplant with the salted cod " that we savor.
There is laughter and smiles with the Chinese over the glorious dasheen cakes etc.
RedVEVO wrote:FuadAdnan wrote:RedVEVO wrote:The price of tomatoes have plummeted !
Time to make pasta , pizza and polourie .
Hey girl, sup.
My venezolana girl makes pholourie with tomatoes....that is what you talking about?
Hey black girl sup,
YES !! Your Venezuelan BF is a keeper
Guyana doing real thing but they have endless foreign investors lining up because they wanna jump in the oil boom.dogg wrote:Redress10 wrote:dogg wrote:Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
what's being done in other countries?
Countries such as? What's your point?
What are governments in other countries doing about food security? What plans can we copy?
Phone Surgeon wrote:Guyana doing real thing but they have endless foreign investors lining up because they wanna jump in the oil boom.dogg wrote:Redress10 wrote:dogg wrote:Redress10 wrote:Government lay out any food security plans as yet?
They will eat the money and drink the oil?
Ok carry on.
what's being done in other countries?
Countries such as? What's your point?
What are governments in other countries doing about food security? What plans can we copy?
Soy bean crops. Commercial shrimp farming.
I see they want to import 2000 milking cows from Brazil to cut down on their dairy import bill.
They also starting to export coconut plants to the usa.
Den have real thing in motion
timelapse wrote:Veves, I have plenty basil.How do you prepare the tomatoes exactly?What preservative, vinegar etc?RedVEVO wrote:There is also a plethora of cucumbers and eggplant at the local grocery. Get them NOW !!
Tomatoes you can prepare with basil and store in containers - mason jars .
On Sundays there is a plenitude of different chinese teas - no Lipton or Rose - Chinese peeps / comrades entertain with a special dish of "cucumber and eggs" as we talk about the opportunities in investment and stocks & bonds.
Then there is the everlasting glorious "eggplant with the salted cod " that we savor.
There is laughter and smiles with the Chinese over the glorious dasheen cakes etc.
hover11 wrote:OVER 9,000 CARDS PURGED FROM THE FOOD SUPPORT PROGRAMME.
Cox said the review of the programme had thus far also confirmed people have been abusing the system.
“One of the main issues that we have found is that there are some families in receipt of many grants amounting to some, as much as seven thousand dollars and are also on food support and they should not be, because they would have failed the means tests because the household income would have been above the amount,” Cox told Guardian Media.
The review has also found that there were many recipients who were not using the cards.
“We have found that persons have months backed up on their food cards, so it tells us that there is no need for the food card,” Cox said.
https://guardian.co.tt/news/cox-9000-ca ... 3c8a9b6abc
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