Are we REALLY in a Recession? I mean REALLY?

DervProf

MrRee wrote: »

Went out for a day in the sun - thought I would look for the oldest car I could find (I was driving my fun car, an M Reg. Classic) .... ignoring my own wheels ... the oldest car was a 59 Reg.

Like I said, there ain't no recession ....... just in some peoples minds - and in some peoples wishes on here.

I thought that people with impaired vision weren't allowed to drive.

MacMickster

DervProf wrote: »

I thought that people with impaired vision weren't allowed to drive.

Impaired vision??????

But I thought that he had his rose-tinted specs on!

MrRee_2

Laugh all you like ..... we are winners down here, obviously!!

N1AK

chucky wrote: »

That's all fine and not untrue but most people won't be personally affected by the recession directly which is the point that a 0.3% contraction is very minor. They may notice things happening around them but they probably not be directly affected.

To make the point, is it worse to have a 0.3% contraction or growth to fall from 4% to 1%.

1% growth means that theirs more value in the economy, things might be getting better more slowly but at least they're getting better. People don't tend to notice it as acutely as a contraction in GDP.

A large number of people will have had smaller pay rises, there will have been less promotions, profit shares will be smaller, people will have been laid off and less new jobs will have been created.

People hear 0.3% and that sounds like a minor change; but even a couple of percent can be disastrous to an economy. The quarterly contractions in Greece averaged less than 1% in the 4 quarters before things went horribly wrong.

MrRee_2

^^^^ you haven't answered the question posed^^^^

Is a fall from 4% to 1% worse than a 0.3% contraction?

All the other words say nothing to be fair.

Thrugelmir

MonkeyMad wrote: »

The evidence I see around me in my city is a growing preponderance of coffee and sandwich shops at the expense of the closure of multitudinous over-expensive clothes shops.

I've seen 2 coffee shops close recently. Empty restaurants and pubs mid week. People are either saving or paying down debt. As there's downturn in activity.

oldvicar

I've noticed that something - and I blame recession - is really hurting our local theatre.

Audiences are drastically reduced. The worst I noticed was about six months ago when I counted just 11 patrons (in a 350 seat auditorium) ... and the production was fine. Now it is obvious that the programme of productions going forward into Autumn and Winter has been severely curtailed.

There's been no Shakespeare this year, and as far as I can tell the only box office success has been bouncy flouncy Michael McIntyre. Now that's hardly art is it? (I didn't go of course)

Without being overly dramatic, surely this marks the end of our civilisation?

homelessskilledworker

oldvicar wrote: »

I've noticed that something - and I blame recession - is really hurting our local theatre.

Audiences are drastically reduced. The worst I noticed was about six months ago when I counted just 11 patrons (in a 350 seat auditorium) ... and the production was fine. Now it is obvious that the programme of productions going forward into Autumn and Winter has been severely curtailed.

There's been no Shakespeare this year, and as far as I can tell the only box office success has been bouncy flouncy Michael McIntyre. Now that's hardly art is it? (I didn't go of course)

Without being overly dramatic, surely this marks the end of our civilisation?

I have been threatening to do some diving in the Red sea(sharm el sheikh) for a decade now, I am off in September and paying less than I would of done 5 years ago.

There are some cheap stuff out there at the moment.

Thrugelmir

oldvicar wrote: »

I've noticed that something - and I blame recession - is really hurting our local theatre.

Are ticket prices reasonable?

oldvicar

Thrugelmir wrote: »

Are ticket prices reasonable?

Extremely reasonable:

Top price around £24 for major in-house productions, half that for a matinee. Touring performances £18-25 top priced seats (no matinee reductions). Local amateur productions typically around the £15-£20 mark.

I understand that the younger generation are happy to spend £50 or more on a boozy night out. Under 26s can buy any remaining theatre tickets (and sadly there are plenty) for just £5 on the door - great value.