MSE News: Nationwide: strong house price growth in January

dots_thots

StevieJ wrote: »

Where do you get that one from?

Given that the modern consensus, rightly or wrongly, is that a recession is defined as two consecutive quarters of negative real economic growth, (two to prevent an aberration), it stands to reason that the metric to measure the end of one should be held to the same standard.

And, it has to be said .. 0.1% growth after a torrent of money-printing and Christmas time is a pretty dismal and unconvincing "end" in my opinion.

StevieJ

dots_thots wrote: »

Given that the modern consensus, rightly or wrongly, is that a recession is defined as two consecutive quarters of negative real economic growth, (two to prevent an aberration), it stands to reason that the metric to measure the end of one should be held to the same standard.

And, it has to be said .. 0.1% growth after a torrent of money-printing and Christmas time is a pretty dismal and unconvincing "end" in my opinion.

I thought we were discussing official? but feel free to make up your own

spurs_nut

doire wrote: »

Its unsustainable. The economy is a shambles. More people will loose their jobs. Wages wont rise.

2010 is going to be savage :eek:

I like this quote!

It's abit like spurs are going to make top 4 this year. Been saying it and hearing it for the past three years, but deep down you know it's never going to happen.

I suppose if you keep saying it every year then the chances are you going to be right at some point, then again more than likely your just going to look a bigger !!!!!! than last year hey doire?

Harry_Powell

spurs_nut wrote: »

It's a bit like spurs are going to make top 4 this year. Been saying it and hearing it for the past three years, but deep down you know it's never going to
Happen.

Keep the faith, brother! :cool:

dots_thots

StevieJ wrote: »

I thought we were discussing official? but feel free to make up your own

Well, actually the thread is about housing and drifted over to the recession. Looking back through it I don't see it focussing on official ways of measuring GDP.

It appears you think government statistics are sacrosanct, else why be such a pedant! Next you'll be telling us the way they work CPI out with hedonic adjustments and substitution is a fair measure :rotfl:

doire_2

b0rker wrote: »

They were building about 20 new houses a month in Inverness before the recession.

I see no new houses being built anywhere in Inverness now and have not done so for over 2 years...

It is strange to think that the recession lasted for a whole 2 years.

It's nice now that it is over.

In name only. Ask the ordinary man or businesman on the street and he will tell you its far from over

StevieJ

dots_thots wrote: »

It appears you think government statistics are sacrosanct, else why be such a pedant! Next you'll be telling us the way they work CPI out with hedonic adjustments and substitution is a fair measure :rotfl:

It is simply if you compare Apples and Pears you end up with Lemons

dots_thots

StevieJ wrote: »

It is simply if you compare Apples and Pears you end up with Lemons

Precisely my point - it appeared you were commenting that they don't measure the end of a recession over two consecutive quarters as nembot was hinting they should. If that is true, I think they should to be consistent with how they measure the start of one. I think we're actually in agreement

Cleaver

doire wrote: »

In name only. Ask the ordinary man or businesman on the street and he will tell you its far from over

Well isn't that how things generally work? The closer you are to the coalface you are the longer it takes national movements to hit you. In just the same way that when we entered recession most people were doing just fine and it was some months later when it hit them (if it did hit them directly, although I think everyone is effected indirectly in some way).