What recession...?

BREWSTERS · 02-12-2011, 09:20:15 AM

Some (luxury) products still doing well;

http://www.bbc.co.uk/news/uk-scotlan...iness-15995924

Oh look, whats this...?

peter_w · 02-12-2011, 10:34:50 AM

Exactly, we aren't in a recession.

tifosi · 02-12-2011, 11:03:49 AM

Quote:

Originally Posted by peter_w

Exactly, we aren't in a recession.

Not until next year anyway! :/

Aiden Roberts · 02-12-2011, 11:04:34 AM

Whisky is great to drown your sorrows with when your business or personal life is falling apart, one man's loss is another man's gain.

Drinkaware- I am not promoting alcohol

BREWSTERS · 02-12-2011, 11:33:31 AM

Quote:

Originally Posted by peter_w

Exactly, we aren't in a recession.

I bet we are - figures will get twisted and fudged to show what suits.

Like house prices; Halifax and others provide figures showing that the market is flat or slight increase some months - I keep an eye on property prices daily and all I see is lumps coming off - 10%, 20% - some houses are less than 50% original asking prices in less than 1 year.

Caz · 02-12-2011, 12:09:42 PM

Officially we are in a recession. Doesn't matter what anyone's opinion is. The rules and figures dictate it and they say we are in recession.

The Tories will do and say anything they can to say otherwise as half the Tory side of the house is on record somewhere saying we will never have a double dip.

(grrr some boffin on the news explained we are in a recession so i championed what he said)

Seems brassneck below is correct. No recession yet.

karlm · 02-12-2011, 12:11:40 PM

Alcohol does not count, everyone that likes a drink finds money for booze

lol

Brassneck · 02-12-2011, 12:45:54 PM

Techincally - we aren't in a recession (at the moment) - just a period of very low growth.

Recessions in the UK are defined as " as 2 successive quarters of negative growth. (or 6 months)" All the stats are here - http://www.ons.gov.uk/ons/dcp171778_238651.pdf - officially GDP increased by 0.5 per cent over the last 12 months compared to range of 2 to 3 per cent in normal times.

aZooZa · 02-12-2011, 12:49:16 PM

A recession is good for our industry. If you don't understand that, you're not really in the business.

peter_w · 02-12-2011, 02:47:13 PM

Quote:

Originally Posted by Caz

Officially we are in a recession.

According to who?

We haven't been in a "recession" since 2009.

02-12-2011, 09:20:15 AM	#1 (permalink)
BREWSTERS Join Date: Mar 2007 Location: Hambleton Posts: 1,465 No Classified Ratings Domain Trader Rating: (100% / 14)	What recession...? Some (luxury) products still doing well; http://www.bbc.co.uk/news/uk-scotlan...iness-15995924 Oh look, whats this...? __________________ .net developed - buy the .com Last edited by BREWSTERS; 02-12-2011 at 09:24:28 AM.

02-12-2011, 12:09:42 PM	#6 (permalink)
Caz Join Date: Mar 2010 Location: SALFORD Posts: 1,722 No Classified Ratings Domain Trader Rating: (100% / 71)	Officially we are in a recession. Doesn't matter what anyone's opinion is. The rules and figures dictate it and they say we are in recession. The Tories will do and say anything they can to say otherwise as half the Tory side of the house is on record somewhere saying we will never have a double dip. (grrr some boffin on the news explained we are in a recession so i championed what he said) Seems brassneck below is correct. No recession yet. Last edited by Caz; 02-12-2011 at 01:00:39 PM.

02-12-2011, 12:45:54 PM	#8 (permalink)
Brassneck Join Date: Apr 2005 Location: Surrey, UK Posts: 2,068 No Classified Ratings Domain Trader Rating: (100% / 73)	Techincally - we aren't in a recession (at the moment) - just a period of very low growth. Recessions in the UK are defined as " as 2 successive quarters of negative growth. (or 6 months)" All the stats are here - http://www.ons.gov.uk/ons/dcp171778_238651.pdf - officially GDP increased by 0.5 per cent over the last 12 months compared to range of 2 to 3 per cent in normal times. __________________ XEC Internet Domain Name Services Cheap Hotel Finder Top Christmas Toys Sussex Parenting Tips Haslemere

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02-12-2011, 10:34:50 AM	#2 (permalink)
peter_w Join Date: Nov 2008 Location: Leeds, UK Posts: 470 No Classified Ratings Domain Trader Rating: (100% / 10)	Exactly, we aren't in a recession.

02-12-2011, 11:04:34 AM	#4 (permalink)
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02-12-2011, 12:11:40 PM	#7 (permalink)
karlm Join Date: Oct 2009 Posts: 1,131 No Classified Ratings Domain Trader Rating: (100% / 27)	Alcohol does not count, everyone that likes a drink finds money for booze lol

02-12-2011, 12:49:16 PM	#9 (permalink)
aZooZa Join Date: Nov 2005 Posts: 3,980 No Classified Ratings Domain Trader Rating: (100% / 46)	A recession is good for our industry. If you don't understand that, you're not really in the business.