UK GDP Preliminary Estimate Q2 2012 -0.7%

wotsthat

shortchanged wrote: »

I think we can safely class you as a bullish poster by nature wotsthat. Are you from the South East region wotsthat?

If I'm officially bullish then I can confirm that you are wrong - not all bullish posters come from the South-East, London or Aberdeen.

THE_DEZERVING_BOOMERZ

One quarter is 13 weeks, or 65 working days.

The one day holiday we had to celebrate the queens jubilee represents a 1.5% loss of productivity. Not really surprising then that GDP fell.

Here's what ONS say about the extra days holiday:

The change to the bank holidays has been classified as a statistical special event in line with ONS's policy on Special Events. This is not a regular event, so no adjustment has been made to account for it as part of the seasonal adjustment process.

Question is, if they had made an adjustment for the extra day, as they do for other public holidays, what would GDP have then shown.

shortchanged_2

wotsthat wrote: »

If I'm officially bullish then I can confirm that you are wrong - not all bullish posters come from the South-East, London or Aberdeen.

OK my theory is wrong.



You must be the exception to the norm.

RenovationMan

shortchanged wrote: »

Do you honestly believe what you saying?

I don't think Ian King from The Times posts on here, so won't see your comment.

wotsthat

shortchanged wrote: »

OK my theory is wrong.

You must be the exception to the norm.

It does seem that on here you can be classified a bull simply by saying the end of the world is not nigh - all a bit silly really.

I forecasted 0% plus or minus a bit. If that's bullish then I'd guess that makes me part of the norm rather than the exception.

Your prediction falls within my range - maybe you're bullish too.

shortchanged_2

wotsthat wrote: »

Your prediction falls within my range - maybe you're bullish too.

I know it's scary. I've been overly optimistic about the UK's economy.

shortchanged_2

RenovationMan wrote: »

I don't think Ian King from The Times posts on here, so won't see your comment.

Are you sure about that?

RenovationMan

shortchanged wrote: »

Are you sure about that?

So you were aiming your comments at Ian King?

Well he might have see them on this hidden and obscure forum with only 18 regular members (including sock puppets) but I'd imagineyou'd have a better chance of him responding to you if you posted on the Times website.

Just a thought. :cool:

nicko33

THE_DEZERVING_BOOMERZ wrote: »

One quarter is 13 weeks, or 65 working days.

The other 2 days a week are working days for lots of people.

shortchanged_2

RenovationMan wrote: »

So you were aiming your comments at Ian King?

Well he might have see them on this hidden and obscure forum with only 18 regular members (including sock puppets) but I'd imagineyou'd have a better chance of him responding to you if you posted on the Times website.

Just a thought. :cool:

Renonman you do realise that the thousands of people registered with MSE can view these pages don't you. Just because they don't post on them doesn't necessarily mean they're not viewing them.