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Renegade Expressions

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LIFESTYLES OF THE BROKE AND WUTLISS

Yamfu

Jamaicans have mastered the art of delusion.
Jamaicans are delusional about most things, but especially about financial matters. My claims are specifically directed towards a group of particularly quixotic Kingstonians, but make no mistakes; we are all culturally infected with the same disease.
Lets establish a few facts:
  • Jamaica’s debt burden is over139% of GDP (almost as high as Greece’s, in real terms, but higher in terms of the size of the economy)
  •  The country had three consecutive quarters of contraction last year, which means we are officially back in recession after a very brief respite.
  •   According to the Statistical Institutes 2012 labour force survey, the unemployment rate in May 2012, went up to 14.1%, from a stellar 12.9% the previous year. (The unemployment rate does not reflect persons who have dropped out of the labour force entirely and further still, the unemployment rate for youth16-24, is much…

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