Monday, July 29, 2013

The Voice of The People is The Voice of The Mob

Ad nausium politicians spew from the lectern that the "Voice of the people is the voice of God" this phraseology is often repeated so as to convince the "common folk" that politicians are ordained by God to rule. 

More importantly it is intended to validate and reinforce the perceived moral or intellectual superiority of the politician or the state by leveraging flattery and false adulation towards voters.

Sunday, July 28, 2013

What Rising Interest Rates in the US Mean For Trinidad & Tobago

US Treasury Yields which form the basis of interest rates in the US are at all time lows which means two things:

1. Rates can't go much lower and

2. Rates are likely to rise. 

Saturday, July 20, 2013

Why I'd Stay Away From the FCB IPO

Trinidad and Tobago's First Citizens Bank is set to launch its IPO  and although everyone is lining up to purchase its shares I personally would be very weary as an investor to be unequally yoked to the government. Simply because; the state and the private sector's motives are diametrically opposed. 

The private investor on one hand has a genuine profit motive whereas politicians and bureaucrats are interested in expanding their control and their respective budgets at the expense of efficiency and profitability. This is not a marriage that will end well for at least one of the parties. 

Monday, July 8, 2013

The Problem With CEPEP

The Community-Based Environmental Protection and Enhancement Programme (CEPEP) was established with the intention of providing employment opportunities to semi-skilled and un-skilled workers; however CEPEP actually limits the employment opportunities of workers and traps the most vulnerable of T&T's citizens in a perpetual poverty and dependency vortex.