Mitchy260

Let me get this right, it takes 2 consecutive negative 1/4's to enter a recession but only 1 positive 1/4 to come out?

0.2% growth in April
0.1% growth in May,
If June is positive or less than -0.29% then this recession will officially be over.

All over the press today. I thought we were going to be in recession for years Has Gordon Clown only gone and done the impossible and got Britain out of recession in double quick time?

Some articles...

http://www.telegraph.co.uk/finance/f...hink-tank.html

http://www.thefirstpost.co.uk/48772,...niesr-politics

Director of Finance Online - Blogs - The Edge Blog Archive The recession was short and sharp ? and over

Certainly short and sweet if June posts a growth also.

Devildog

I'm not rising to yiur bait Pete, but Im going to call you out on this one

In what way were the Tories responsible for destroying our industries?

Jye

Surprise, surprise

fatscoobfella1

iTrader: (1)

Dont know why Pete keeps answering with replies implying that he has 3/4 million+ to spend on a house....

We all know that you aint even left your mums back bedroom..

Your way to scared to spend any of your hard earned,you keep hanging on.But what for ?under your own admission we have dipped and now grounded,SOME BUY SOMETHING FFS!!

SunnySideUp

It's the FRONT Bedroom!!

MrNoisy

iTrader: (28)

Let's face it, some people just can't see that the reason Tories have raised taxes and cut spending in the past has generally been down to the fact that they're rescuing the country's finances from the outgoing Labour administration....AGAIN.

History has been known to repeat itself and I see no reason why this turn of events will be any different. The real question is, will the old supporters of Labour remember this at the next election or will they conveniently forget all about it again?

MrNoisy

iTrader: (28)

This comment from the BBC's "Have your say" section made me laugh....

SunnySideUp

Most Economic 'Experts' are agreed that the recovery appears to be underway - they are all cautious with that statement and offer a Health Warning .... but those who feel that we are on the up are getting more numerous as the weeks/months pass.

Next Spring we may look back and wonder what all the fuss was about.

Matteeboy

Sunny - you are talking SO much merde.

I have three relatives - an uncle, a father in law and his dad (wife's grandad). All have serious money - many millions.

They all think this is here for at least a couple more years and that there won't just be a "recovery"- some things will actually not recover at all.

They have made money by making clever and shrewd moves over a number of years. They ignore "experts" and make their own minds up.

Then there are "proper" experts - not media puppets or lying groups trying to artificially talk the market up - like RICS - these people also know this is nowhere near the end.

So your commentators and experts are the very same who didn't see this coming. Who are wheeled onto every interview to spout endless BS.

Even I, of limited economic knowledge, saw this disaster from a mile off and prepared accordingly.

Stop talking such cr4p.

njkmrs

Yep thats right Matty saw it coming and shrewdly put 100k + in the bank so he could get £50 quid a year interest .!!!!!!!


There was a property multi millionaire on the Tv a couple of weeks ago who sold much of his BTL empire at the height of the boom for a little bit more than Mattys family are worth ,about £700 million I think .
He says the economy is picking up already .

But Im sticking with Matty on this one .!!!!!!!!

Matteeboy

Oh bleat on nj - you'd berate me if I found a cure for cancer you bitter old fart.

How do you know that's more than they are worth anway? Oh of course, it's you njkmrs - more presumption personified.

Carry on though - the sheep mentality of 99% of the population is why we are in this mess. Looks to "experts" for advice and help. Find out the experts knew nothing. Still seek the experts advice...

Of course - you saw it on TV. I'll let you into a secret - some stuff on TV isn't real...

njkmrs

Lol .
Gotcha !!!!!!

scotty01

economic revival......oh hang on i think i saw a pig fly past my window!!

Greed got the country into this mess nothing else!
Greedy politicians and greedy ordinary people who have everything on the never never....buy now pay later....by **** are we paying for it now!!!

Time labour got the old heave ho into the job center queue!

fatherpierre

The recovery is always underway; it just needs to hit the bottom 1st. The bottom is a good 2yrs away yet.

Jobs are still being lost and the fake housing price heist we see will be blown out of the water when interest rates rise, allowing prices to correct properly.

This country produces next to nothing and floated along on credit for years. That credit is now gone and we're currently bobbling on the Bank of England's false low rate is keeping many people just away from the point of becoming forced to sell their buuy to let 'bargains'.

The next year will see this country implode. Green shoots will be shoots of weeds.

SunnySideUp

Personally, I would do very well out of an extended, deeper recession - but, however long it lasts I do experience a renewed confidence in most areas.

Housing is selling - 6 months ago it wasn't, some selling in days if priced correctly.

New Cars selling - hardly any amazing discounts available now.

Used Cars up in value - selling in hours if correctly priced.

Retail Sector report active consumers.

People are, generally, feeling much better about their financial futures IMO.

fatherpierre

The operative words are PRICED CORRECTLY.

People are still working, the economy is still moving, but the capacity of 07 has gone.

Sentiment only rallies an economy to a point.

Lots of businesses are doing well because weaker competition has been wiped out by the squeeze, leaving the better one still there to mop up the new custom.

Once interest rates rise so business can properly function we'll see the real recovery happen, but the mess left behind will be nasty for many.

hodgy0_2

sold my scooby in 5 hrs -- from that advert going live on PH to cash in my sweaty palm -- priced quite aggressively (but it had served me well so no complaints)

and I now have a very nice Audi Quattro 2.5TDI

the point is the recovery will come, quite soon, making money is too important for the top 10% to wait too long

dip thy bread

fatherpierre

You should post that example in The Times.......

It'll kickstart the recovery and we'll all forget the billions we are now saddled with from the greed of the last 10 years that have fooked you and your kids/grandkids.

hodgy0_2

FP get yer cheque book out

you pay half and i,ll get the rest -- and i'll stand the MP's expenses too ;-)

dpb

Typicaly pointless thread

Everything will sell if priced correctly

fatherpierre

Indeed.

Market price is just that, whether falling or increasing.

My dog could predict that; but he's having trouble with housing, as per most, as the spring bounce and dead cat bounce are a little more complex!