The Recession is Over

mitchaa

sabretoothtigger wrote: »

recession ends in my book when we have two consecutive gdp rises, have we had one actually appear yet

Unfortuantely you do not write the rule books though;)

Just wait for the headlines Gordon Brown will get next month when the recession has been announced as officially over.

Dan:_4

ruggedtoast wrote: »

Then I trust you will be absolutely delighted about the steady falls in the property market, that have opened up the world of home ownership to your fellow board members.

Wont you.

I am more then delighted about the recent falls, It's a shame it has come with recession and job losses etc............I just hope and pray they don't get too carried away and miss a perfect buying opportunity.

Graham_Devon

mitchaa wrote: »

In true definition of the word, we may well officially be out of recession this time next month as both April and May have shown growth.

I agree there will be more job losses, a little more house price falls etc etc but in terms of the definition i believe we are out of recession now.

I reckon the end of the recession in official terms has been helped by the sheer size of the recession.

Hold out a minute here

Reason being, the first quarters drops were very large. Therefore, it would have taken huge amounts of misery to overtake the falls of 1.9% we saw in the first quarter.

We dropped by 1.9% because of the impact and size of the recession. Therefore, this recession would have always been very short indeed, but very deep, some going as far as saying depression.

I would never ever have forecasted drops of 2%+ for this quarter, but I have suggested 3.5% drops over the year.

Does that make any sense at all? Maybe the end of the recession owes to how deep we are actually in it?

I still can't get my head around how stupid the rules are in all honesty. We could have another 3 years, 12 quarters of negative growth, but never be in recession, so long as each quarters GDP rises back up at least a fraction more than the last.

StevieJ

Graham_Devon wrote: »

I would never ever have forecasted drops of 2%+ for this quarter, but I have suggested 3.5% drops over the year.

.

So you were agreeing with the treasury forecasts for the year not the IMF? I do you an injustice, I thought you were all
laughing at that forecast.

Graham_Devon

StevieJ wrote: »

So you were agreeing with the treasury forecasts for the year not the IMF? I do you an injustice, I thought you were all
laughing at that forecast.

Stevie, you are all over me like a bad rash trying to make me pay you some attention by niggling away at me.

Do me a favour, put me on ignore, or at least, discuss. Otherwise, !!!!!!.

StevieJ

Graham_Devon wrote: »

Stevie, you are all over me like a bad rash trying to make me pay you some attention by niggling away at me.

Do me a favour, put me on ignore, or at least, discuss. Otherwise, !!!!!!.

You mean you don't wish to answer the question

Dan:_4

Come on Graham, stop throwing your toys out the pram to avoid answering.....

ruggedtoast

Will you two stop de-railing my serious topic please.

Graham_Devon

There is no question there. There is accusations of "are you saying" or "are you agreeing" blah blah.

As I have said so many times, if "Im saying" it, I'd write it.

ninky_2

julieq wrote: »

For the person who is scared of the Tories coming back, can they please find an outgoing Conservative government that has managed to massively expand the public sector for no obvious benefit and left the country trillions of pounds in debt, and instead of being honest about dealing with that is claiming they will increase spending? Gordon Brown's first instinct is to make policy to counter anything that makes him look bad, he claimed credit for the good years and refuses to accept responsibility for the bad. He lies and deflects and he is clinging onto power not because it's good for the country but because he wants the top job personally.

yes, that's me! i guess it all comes down to gut instinct. remembering how life felt under the last tory government for me personally and the causes and people i cared about. i know life isn't perfect now but i really do believe we are in a better position now than we would have been if the conservatives had been in power. i'd still rather have gordon brown than david cameron any day. i don't agree with everthing labour has done (war in iraq, bailing out the banks in the way they did in particular). i wouldn't mind the lib dems coming in - they seem to have some good policies. and the greens would be great (but not going to happen, let's face it). but i really really feel sick to the stomach of the thought of four years of tory rule...