Quarter 2 GDP... are we still in recession

Mr._Pricklepants

+0.3%

.......

chewmylegoff

homelessskilledworker wrote: »

Actually that is more a less what I am saying, how clever of you:)

Now who's point are you trying to make, mine or yours(whatever that is).

The figures that we have had are whatever they happen to be PLUS the effect of QE. Now I don't what world you live in but the not having the QE would have made the figures even worse, whats your feelings on the subject?

I say we probably have one more stab at QE at say £200 billion max, if we don't get growth then, we are in big trouble.

And plus this is not even taking the euro crisis into consideration.

For the record, early last year I said we would go into double dip with worse to come, that prediction is well on target, regretably.

my view is that recession is a strictly defined measure and that if GDP is +ve or 0, then you cannot be in recession, because recession is defined as two consecutive quarters of shrinking GDP.

whilst it's obviously valid to point out that QE has boosted GDP, that doesn't change the fact that it has boosted GDP. to a certain extent it's a bit like saying that GDP would be lower if fewer people had gone out and bought stuff on credit cards, or pointing out that a large swathe of GDP is just money being recycled within the system. when do you stop stripping things out?

for what it's worth, my general outlook is that we're all doomed, and as a result i am now 89% in cash and i have almost no holdings in any european focused companies.

homelessskilledworker

Joeskeppi wrote: »

Who are you talking about? MrRee and Sibley?

Thats not a number:)

Mr._Pricklepants

+0.3%

...............

System

homelessskilledworker wrote: »

Thats not a number:)

Well you've only asked a group of fictional "uberbulls" for one.

chewmylegoff

and one of them has helpfully replied twice, presumably because he failed to log out and log back in again.

homelessskilledworker

Joeskeppi wrote: »

Well you've only asked a group of fictional "uberbulls" for one.

Just looked on Opening thread, nothing even remotely suggests that...

give us a number

Mr._Pricklepants

chewmylegoff wrote: »

and one of them has helpfully replied twice, presumably because he failed to log out and log back in again.

You're not making sense George.
OP wanted a number, I gave a number.
OP continued to crow that nobody dares to come up with a number, so I gave him the same number - again.
+0.3% by the way.

chewmylegoff

Mr._Pricklepants wrote: »

You're not making sense George.
OP wanted a number, I gave a number.
OP continued to crow that nobody dares to come up with a number, so I gave him the same number - again.
+0.3% by the way.

thank you for admitting that you are a "fictional uber bull".

Mr._Pricklepants

chewmylegoff wrote: »

thank you for admitting that you are a "fictional uber bull".

But I didn't, George.
I was replying to the OP who stated:

homelessskilledworker wrote: »

Come on uber bulls, some of you have been telling us all how great it really is now, give us a number:)