No double dipping

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russell replied

29 November 2011, 10:15
Originally posted by MrRobin View Post

Ay??! That's dumb as nothing is actually receding...

A better definition might be that you're not out of recession until you've reached the level of output you were at before contraction started.

Yeah good point, I just think declaring we are out of recession with 4 quarters of 0.0001% growth is a bit of a liberty.
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DimPrawn replied

29 November 2011, 09:52
Originally posted by BrilloPad View Post

If we only double dip it will be a miracle. Its depression that is a bigger concern. And right now the Western World is headed that way.

Not affecting house prices.

http://www.nationwide.co.uk/hpi/historical/Nov_2011.pdf

• House prices increased by 0.4% in
November

• Price of a typical home is 1.6% higher than
one year ago

People can obviously afford to pay more, so there's certainly no hardship.

As Jim would say, "Recession my arse".
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MrRobin replied

29 November 2011, 09:37
Originally posted by Hill Station Murthy View Post

How will this affect supplies of hummous and tzatziki I wonder?

<groan> Must try harder, HSM
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Hill Station Murthy replied

29 November 2011, 09:33
A double dip recession?

How will this affect supplies of hummous and tzatziki I wonder?
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MrRobin replied

29 November 2011, 09:30
Originally posted by russell View Post

WHS

Recession should be defined as 2 quarters with less than 1 percent growth.

Ay??! That's dumb as nothing is actually receding...

A better definition might be that you're not out of recession until you've reached the level of output you were at before contraction started.
Leave a comment:
BrilloPad replied

29 November 2011, 09:28
Originally posted by russell View Post

WHS

Recession should be defined as 2 quarters with less than 1 percent growth.

Its a very good point. As "normal" growth is defined as 2% per year.
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russell replied

29 November 2011, 09:22
Originally posted by OwlHoot View Post

Double dip my arse - We've been scraping along the bottom for three years, with no sign of an upturn

WHS

Recession should be defined as 2 quarters with less than 1 percent growth.
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TimberWolf replied

29 November 2011, 09:19
Originally posted by OwlHoot View Post

Double dip my arse - We've been scraping along the bottom for three years, with no sign of an upturn

whs.
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OwlHoot replied

29 November 2011, 09:05
Double dip my arse - We've been scraping along the bottom for three years, with no sign of an upturn
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BrilloPad replied

29 November 2011, 09:02
If we only double dip it will be a miracle. Its depression that is a bigger concern. And right now the Western World is headed that way.
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Chutney Spoon replied

28 November 2011, 23:13
Double dipping is very much to be recommended.
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Spacecadet replied

28 November 2011, 20:49
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DimPrawn started a topic No double dipping

28 November 2011, 20:14
No double dipping

UK economy will face double-dip recession in 2012, warns OECD | Mail Online

This would never have happened under the CyberTories.
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