If it is so .. why so many people out on the road spending money on gas and food and other stuff? Mean people dem all over Nassau today, trust most just out cause they want be out, dress up with perms and ting, traffic is barely moving its so thick. The mall is jammed pack, people spending all kind of money on food like $10 Twin Brothers Crack Conch, $10 Sbarro meals, and then some .. the other stores are packed too, and see people exchanging all kinds of money, and its not just the mall, its all over, PalmDale, everywhere .. it certainly doesn't look like its a bad economy.

Granted SpamStopper knows very little about economies, but come on now??
Whats going on? Last minute shopping before they break spree?
Lurker, anyone?? What yah say?

If it is so .. why so many people out on the road spending money on gas and food and other stuff? Mean people dem all over Nassau today, trust most just out cause they want be out, dress up with perms and ting, traffic is barely moving its so thick. The mall is jammed pack, people spending all kind of money on food like $10 Twin Brothers Crack Conch, $10 Sbarro meals, and then some .. the other stores are packed too, and see people exchanging all kinds of money, and its not just the mall, its all over, PalmDale, everywhere .. it certainly doesn't look like its a bad economy.

Granted SpamStopper knows very little about economies, but come on now??
Whats going on? Last minute shopping before they break spree?
Lurker, anyone?? What yah say?
things are the same in freeport, fokls calling out hard times but i just came from the harbour and the discovery looks full to me and not with tourist.
ppl are driving all over town like they are going crazy, plus the liqour store down town is running over with fokls , the numbers guys at noon today was doing a brisk trade so if we are having a hard time someon needs to show me because it aint reach here yet.
I had to choose between bying new tires for the company truck or paying a huge light bill in the ned i had to pay half on the light and bye two new tyres as a business man its tough for me but for others things seem rosy .

Spam. You could have a point. Where are these bad times? Often you got to “tow line” to make your purchases. If there was no money round, lines would be small to non-existent. :)

You know, I was heartened by the increase in tourism numbers, however my optimism has been dimmed a bit. I was talking to a banking official, and I was shocked to learn the following:

1) Sol Kerzner has asked Disney to buy Atlantis because his profitability is declining. He is pinning his hopes on the new glamour place -- Dubai.

2) Hurricane Hole has been put on hold except for a small part. Good news for News Cafe and the pizza place, but real bad news for the economy.

3) Canadian construction workers being sent home from Lyford Cay and Old Fort Bay

4) Hubert Ingraham really doesn't have a plan. It is steady as she goes, and we is going down.

5) The banker said that it is good to have business interests in the Bahamas but sever them from the local economy.

6) He also said that Bahamians are in denial about how bad things are. There is always a lag effect, and the lag effect will hit in the November/December time frame.


This convo was very very sobering.

Well, I know tings tough in the Phoenix house and I don't spen, I doon drive no where except home work school grocery store, I doon even have tv anymore.

Dese people out dere still livin' at home, ducking da bill man, ignoring items of importance, and in hock up to dey eye balls.

The other thing that I forgot to say is that the banker told me that the Bahamas will always be good for foreigners doing business here, but not for Bahamians.

We live beyond our means.

If it is so .. why so many people out on the road spending money on gas and food and other stuff? Mean people dem all over Nassau today, trust most just out cause they want be out, dress up with perms and ting, traffic is barely moving its so thick. The mall is jammed pack, people spending all kind of money on food like $10 Twin Brothers Crack Conch, $10 Sbarro meals, and then some .. the other stores are packed too, and see people exchanging all kinds of money, and its not just the mall, its all over, PalmDale, everywhere .. it certainly doesn't look like its a bad economy.

Granted SpamStopper knows very little about economies, but come on now??
Whats going on? Last minute shopping before they break spree?
Lurker, anyone?? What yah say?


Spam remember for some ppl today is payday, a day they probably couldn't wait for, hence the traffic - from what I can remember most ppl will "treat" themselves on payday.

Well I don't know when ppl will realize that they need to pinch pennies...for instance nothing was spared last weekend for mother's day..places like John B., Coin of the Realm etc were still buzzing. And guess what summer is coming and they will all be in Orlando...and when September comes crying it's recession and they carn pay school fees and buy uniforms!

As for me...I am happy to be working for foreigners doing lots of business in The Bahamas, but I am still putting my project off until the end of the year to see what happens with construction prices ( I am hoping they go down just a bit)!

3) Canadian construction workers being sent home from Lyford Cay and Old Fort Bay

Dont see any problems with this one at all :hammer:

Spam remember for some ppl today is payday, a day they probably couldn't wait for, hence the traffic - from what I can remember most ppl will "treat" themselves on payday.
Well I don't know when ppl will realize that they need to pinch pennies...for instance nothing was spared last weekend for mother's day..places like John B., Coin of the Realm etc were still buzzing. And guess what summer is coming and they will all be in Orlando...and when September comes crying it's recession and they carn pay school fees and buy uniforms!
As for me...I am happy to be working for foreigners doing lots of business in The Bahamas, but I am still putting my project off until the end of the year to see what happens with construction prices ( I am hoping they go down just a bit)!

trust, traffic was just as bad yesterday, and the day before, and the one before that, and last week .. people still shopping .. and people still overcharging and Bahamians still paying outrageous prices for the things they dont need .. Im with Tony .. mussee only some of us that feel it tough aye? :D

interests in the Bahamas but sever them from the local economy.
6) He also said that Bahamians are in denial about how bad things are. There is always a lag effect, and the lag effect will hit in the November/December time frame.

We live beyond our means.

IMO you guys hit the nail on the head! As a culture, we love "livin' large" as such the average person will continue to spend themselves into a hole. :sparky:

trust, traffic was just as bad yesterday, and the day before, and the one before that, and last week .. people still shopping .. and people still overcharging and Bahamians still paying outrageous prices for the things they dont need .. Im with Tony .. mussee only some of us that feel it tough aye? :D


I worked in credit...Bahamians living beyond their means is nothing new to me!

I don't have any reason to be in the road so I guess I don't feel the traffic, only if I head home late in the evenings and that is unusual as I leave the office @ 3:30 and heading west in normally a breeze!

I have seen it all when ppl come in with their statement of means to get financing/credit and expect you to lend them the world with their poor credit record and no savings! And let's not talk about the bounced cheques!

Dont see any problems with this one at all :hammer:

The above is Spam's response to Canadian (foreign) construction workers being sent home.

What the banker said, was that the problem with that is that the Canadians are the foremen. When the Canadians get sent home, they put a Bahamian in charge of the other Bahamians, and the workers do not listen to the Bahamian foreman like they listen to a foreign white guy. Slackness sets in.

The above is Spam's response to Canadian (foreign) construction workers being sent home.
What the banker said, was that the problem with that is that the Canadians are the foremen. When the Canadians get sent home, they put a Bahamian in charge of the other Bahamians, and the workers do not listen to the Bahamian foreman like they listen to a foreign white guy. Slackness sets in.


Well they need to listen...if it was my projects and targets are not met at the end of the work week...no one getting paid.

When I did mortgages, lots of contractors got mad at me on Fridays as if all the targets weren't met, then no cheque was getting cut!

trust, traffic was just as bad yesterday, and the day before, and the one before that, and last week .. people still shopping .. and people still overcharging and Bahamians still paying outrageous prices for the things they dont need .. Im with Tony .. mussee only some of us that feel it tough aye? :D Bahamian will sustain their own economy by spending. don,t panic have faith and yes some people still has money you some people never had a pay cut in their lives but alway saying they broke.as for me i will alway pay my 10% to the KINGDOM that why i am always bless