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 Post subject: We're out of recession
PostPosted: Fri Jul 25, 2014 10:25 
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ugvm'er at heart...

Joined: 4th Mar, 2010
Posts: 22256
How come I don't feel any better off then?
Still, at least we can all look forward to interest rate rises in the near future.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 10:27 
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UltraMod

Joined: 27th Mar, 2008
Posts: 55715
Location: California
Trooper wrote:
How come I don't feel any better off then?
Still, at least we can all look forward to interest rate rises in the near future.

Because of all your favourite capitalist friends.

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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 10:54 
Filthy Junkie Bitch

Joined: 17th Dec, 2008
Posts: 8293
Hi.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:09 
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Excellent Member

Joined: 25th Jul, 2010
Posts: 11128
Trooper wrote:
Still, at least we can all look forward to interest rate rises in the near future on our mortgages but somehow not on savings because of <BullshitReasons>.


Feex.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:12 
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ugvm'er at heart...

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Savings? What are they? :D


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:14 
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Trooper wrote:
Savings? What are they? :D

Theoretically it's what we should have once interest rates rise because then it'll be worth saving, despite the fact all our spare cash will go on more expensive mortgage repayments. :facepalm:

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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:28 
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Joined: 23rd Nov, 2008
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We've been out of recession for a long time now.

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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:33 
Filthy Junkie Bitch

Joined: 17th Dec, 2008
Posts: 8293
The headline is wrong. We're out of the depression now, with GDP (total) today the same as it was the day it went wrong.

However, that is gross GDP, not GDP per capita, and with population increase we're still 5% down per head. I think the GDP figure in this context is actually inflation adjusted.

Next year, however, when the GDP basis of calculation changes, then what happened today actually happened this time last year.

All clear? Good.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:33 
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ugvm'er at heart...

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Cavey wrote:
We've been out of recession for a long time now.


Sure, but I didn't know how else to describe it. Officially the economy is now worth more than it was before the recession hit, so not only is it no longer going downwards, it's higher than it ever was... apparently.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:34 
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ugvm'er at heart...

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ApplePieOfDestiny wrote:
The headline is wrong. We're out of the depression now,


Yeah , that's a better way of saying it :D


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 11:36 
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Joined: 12th Apr, 2008
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Location: Oxford
Impromptu street parties are being held up and down the land. Crowds are gathering outside Buckingham Palace for George Osbourne and the Royal Family to wave from the balcony.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 12:01 
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Joined: 27th Jun, 2008
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Kern wrote:
Impromptu street parties are being held up and down the land. Crowds are gathering outside Buckingham Palace for George Osbourne and the Royal Family to wave from the balcony.

Ready the snipers.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 12:47 
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"They're never not ready, ma'am."

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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 13:51 
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ApplePieOfDestiny wrote:
The headline is wrong. We're out of the depression now, with GDP (total) today the same as it was the day it went wrong.

However, that is gross GDP, not GDP per capita, and with population increase we're still 5% down per head. I think the GDP figure in this context is actually inflation adjusted.

Next year, however, when the GDP basis of calculation changes, then what happened today actually happened this time last year.

All clear? Good.



Yay. Probably.

If things are improving, it'll take a while for the boom to work its way through the economic system and we start to feel better. Whether this is timed for May 2015 or not is another matter.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 15:41 
Filthy Junkie Bitch

Joined: 17th Dec, 2008
Posts: 8293
Anyway, back to the OP - because you've spunked all your money on weddings and cars? ;)

My bank balance has loved this recession. I'm a bit concerned about it coming to an end, frankly.


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 Post subject: Re: We're out of recession
PostPosted: Fri Jul 25, 2014 15:44 
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ugvm'er at heart...

Joined: 4th Mar, 2010
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ApplePieOfDestiny wrote:
Anyway, back to the OP - because you've spunked all your money on weddings and cars? ;)



Don't forget the gadgets and tasting menus!


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 Post subject: Re: We're out of recession
PostPosted: Sun Jul 27, 2014 21:56 

Joined: 15th Nov, 2008
Posts: 484
..........................................

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