I follow the economic news. I also speculate in currencies (buy and sell contracts of money in various denominations -- euro, US dollar, yen etc). I did okay betting against the Eurodollar. The Eurodollar is a US dollar that is circulating in Europe. The Eurodollar spot market tanked about the third week of April, and I sold short -- meaning that I bet that it would fall. It did. Lately there has been a very small correction (move upwards). However, the upward momentum did not last.

This is good and bad. Good in the fact that the US Dollar is cheaper for European tourists to buy, and that makes a holiday to the Bahamas cheaper. But it is bad because its basis is the US Dollar, and the Bahamian economy is tied to the US economy.

So the little bump in tourism due to the weak US dollar may continue (hopefully). In the meantime, some economic pundits are saying that the credit crunch caused by the subprime meltdown is over. That is real good news if it is true.

So once again, the signals are conflicted. For now we are holding on by the skin of our teeth when it comes to the economy.

The real questions to ask are:

What is the MOT doing at present to capitalize on these short term economic wins?

What is the MOF doing to disseminate this type of information to the Bahamian people?

What is the MOA&F doing to move this country towards self-sustenance for our citizens?

What is the Bahamas Chamber of Commerce doing to educate those small businesses who are in jeopardy?

Do Bahamians really know what is going on? Do we care?

And lastly, When will it end? Is there an end in sight?

What is the MOF doing to disseminate this type of information to the Bahamian people?

Uh, nothin'

What is the MOA&F doing to move this country towards self-sustenance for our citizens? What is the Bahamas Chamber of Commerce doing to educate those small businesses who are in jeopardy?

More of the same.

Do Bahamians really know what is going on? Do we care? And lastly, When will it end? Is there an end in sight?

As long as Bahamians can jump on the plane to MY-AM-MA, then errything cool.

dbl post