Recession over (probably) Recession over (probably)
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  1. #1

    Richer than sasguru

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    Default Recession over (probably)

    http://www.telegraph.co.uk/finance/f...n-decades.html

    So, no more doom guys. We are not in recession, unemployment is falling and didn't rise much, house prices are no lower than before and people are better off than ever, City is paying huge bonuses, car sales have biggest gain in 34 years, houses are more affordable than ever due to low interest rates and exports are rising due to weak pound.

    What was all the fuss about? A bright rosy future awaits us under another term of Labour.
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  2. #2

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    Quote Originally Posted by DimPrawn View Post
    http://www.telegraph.co.uk/finance/f...n-decades.html

    So, no more doom guys. We are not in recession, unemployment is falling and didn't rise much, house prices are no lower than before and people are better off than ever, City is paying huge bonuses, car sales have biggest gain in 34 years, houses are more affordable than ever due to low interest rates and exports are rising due to weak pound.

    What was all the fuss about? A bright rosy future awaits us under another term of Labour.
    Bring on the W shaped recession???
    Faster, faster, faster, until the thrill of speed overcomes the fear of death.

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  3. #3

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    I am worried that the first quarter of 2010 will drop again - these figures will be out just before the election

  4. #4

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    +0.1

    (edit) Sminki
    Last edited by HairyArsedBloke; 26th January 2010 at 09:46. Reason: Added link to ONS page.
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

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  5. #5

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    How likely is it that that figure will be revised later?

  6. #6

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    Wasn't the recession probably over last time?
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  7. #7

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    Quote Originally Posted by sweetandsour View Post
    How likely is it that that figure will be revised later?
    100% - they alway are because the figures released are based on incomplete data. If you asking if it will be revised lower, I think so. However, previous figures were revised up from -0.3% to -0.2%.
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

    Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
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  8. #8

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    7000 fall in unemployment, economy grows 0.1% ...both figures are only just on the positive side, I call shenanigans!!
    Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

  9. #9

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    "Britain expected to exit worst recession in decades"
    .
    .
    .
    "Britain expected to exit worst recession, in decades"

  10. #10

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    Default Suitable quote about this...

    "Facts are stubborn things but statistics are more pliable"

    Laurence Peter, author of the Peter Principle
    There are no evil thoughts except one: the refusal to think

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