Recession officially over

Fizman · 30-06-2010 02:20PM

Maybe the recession will end when people start using punctuation.

:pac:

Sean Quagmire · 30-06-2010 02:42PM

I can has my money back now?

ejmaztec · 30-06-2010 02:52PM

Sean Quagmire wrote: »

I can has my money back now?

That depends on what the going rate is for a kidney these days.

arybvtcw0eolkf · 30-06-2010 03:03PM

chin_grin wrote: »

It'll never be over for those who were in it..........<airplane noises, bombs exploding, gunfire, "sucky sucky fi' dolla'?">

<shudder>

Shudder indeed!.

ejmaztec · 30-06-2010 03:31PM

derfderf wrote: »

Anyone think the people of today are spoiled? Last years people really appreciated what they had.

I didn't appreciate having nothing last year, but this year, I do appreciate the pot that I've got to piss in. Next year? Who knows.

philologos · 30-06-2010 03:40PM

Who knows, Fianna Fáil could convince us to vote for them again by the next election! "We got through the recession" rhetoric on way? :pac:

mathie · 30-06-2010 03:54PM

Fizman wrote: »

Maybe the recession will end when people start using punctuation.

:pac:

Or the correct punctuation?

topper75 · 30-06-2010 04:04PM

For all the whinging done about it, there is a shocking amount of people on this thread who don't even have the first clue what a recession is.

Q1 saw economic growth.

That is all we need. Your unemployment, falling house price, jocular interest on savings, lying TD, and closing neighbourhood shop have nothing to do with it. That may or may not get fixed in time. But a quarter of growth means the economy is no longer receding. I don't expect you to love me for pointing this out, but at least now you know.

danbohan · 30-06-2010 04:10PM

topper75 wrote: »

For all the whinging done about it, there is a shocking amount of people on this thread who don't even have the first clue what a recession is.

Q1 saw economic growth.

That is all we need. Your unemployment, falling house price, jocular interest on savings, lying TD, and closing neighbourhood shop have nothing to do with it. That may or may not get fixed in time. But a quarter of growth means the economy is no longer receding. I don't expect you to love me for pointing this out, but at least now you know.

so its not receding anymore , neither is my hair its gone now , whats your point ?.

technical growth means sh12t to the 450k + unemployed or emigrated .thats the real world no matter what spin polticians or you put on it

Anita Blow · 30-06-2010 04:15PM

danbohan wrote: »

so its not receding anymore , neither is my hair its gone now , whats your point ?.

It's growth, no matter what spin the begrudging Irish put on it. A small victory is still a victory. I'm not going to complain.
The growth may not lead to any jobs, but it will stop or slow the rate of job losses in the export sector and the suppliers of them. Is that not better than continuing to lose jobs and GDP?

danbohan · 30-06-2010 04:23PM

Anita Blow wrote: »

It's growth, no matter what spin the begrudging Irish put on it. A small victory is still a victory. I'm not going to complain.
The growth may not lead to any jobs, but it will stop or slow the rate of job losses in the export sector and the suppliers of them. Is that not better than continuing to lose jobs and GDP?

yes in multinational sector it will stop job losses or maybe create few extra jobs , the point is what use is growth figures without actull growth in jobs , until people see that then you will still see negative sentiments , calling people who are very unhappy with 15%+ unemployment begrudging is hardly realistic

topper75 · 30-06-2010 04:28PM

danbohan wrote: »

so its not receding anymore , neither is my hair its gone now , whats your point ?.

technical growth means sh12t to the 450k + unemployed or emigrated .thats the real world no matter what spin polticians or you put on it

You are clearly one of the individuals I was referring to. And after reading my post, you STILL don't know?

Here's some plain English
A recession is when an economy shrinks over two successive quarters.

A recession is over when any subsequent quarter shows positive growth.

BTW - regarding your accusation that I am putting a spin on this, would you like to argue that the recession is not in fact over? Are the CSO not to be believed. Where is my spin?

quad_red · 30-06-2010 04:35PM

Nolan Silly Cube wrote: »

Shudder indeed!.

That is seriously freaky...

congo_90 · 30-06-2010 04:44PM

time to start charging 5.50 for coffee er.. i mean machioto and stay in 5 star hotels and trade in my reliable car for an over priced audi

danbohan · 30-06-2010 04:45PM

topper75 wrote: »

You are clearly one of the individuals I was referring to. And after reading my post, you STILL don't know?

Here's some plain English
A recession is when an economy shrinks over two successive quarters.

A recession is over when any subsequent quarter shows positive growth.

BTW - regarding your accusation that I am putting a spin on this, would you like to argue that the recession is not in fact over? Are the CSO not to be believed. Where is my spin?

ok recession is over great fantastic wonderfull!!, nobodys arguing with you on that point , happy now
now for those of us that live in real world what does that mean ?,
right,nothing .

dub_skav · 30-06-2010 05:22PM

Technically we are out of recession, the same way as we were technically in one after 2 quarters of decline in 2008. Problem then was the press and government completely overreacted and got everybody scared to spend making things much worse. Hopefully we've learned our lesson and won't overreact to this news

thebigbiffo · 30-06-2010 05:24PM

danbohan wrote: »

ok recession is over great fantastic wonderfull!!, nobodys arguing with you on that point , happy now
now for those of us that live in real world what does that mean ?,
right,nothing .

well in actual fact it means that the liklihood of you getting a raise in the next year has increased - if you're lucky to be employed. and if you're not - it's means the liklihood of you getting a job has also increased.

yeah - you're right. it means nothing :rolleyes:

narwog81 · 30-06-2010 05:27PM

topper75 wrote: »

Q1 saw economic growth.
.

growth in what sector of the economy though?

GDP accounts for all the profit that multinationals are putting throught heir books in Ireland.

GNP is a more accurate measure as it doesnt take this into account so is a truer measure of where the economy is.

GDP growth is of course welcome but dont believe the spin, when GNP increases in 2 consecutive quarters then there is a cause for optimism, all this means is our MNC sector is still performing.

danbohan · 30-06-2010 05:29PM

thebigbiffo wrote: »

well in actual fact it means that the liklihood of you getting a raise in the next year has increased - if you're lucky to be employed. and if you're not - it's means the liklihood of you getting a job has also increased.

yeah - you're right. it means nothing :rolleyes:

i am retired , seen you guys are so fond of figures why not tell us how many jobs will be created by say dec 2010 , you are in cloud cuckoo land if you think for one minute you will see wage rises in this country inside next few years [generally their will be exceptions}

now you just go pop some more of your happy pills and regards to all in lala land

ScumLord · 30-06-2010 05:33PM

Fizman wrote: »

Maybe the recession will end when people start using punctuation.

:pac:

Whats that supposed to mean

thetonynator · 30-06-2010 05:34PM

danbohan wrote: »

i am retired , seen you guys are so fond of figures why not tell us how many jobs will be created by say dec 2010 , you are in cloud cuckoo land if you think for one minute you will see wage rises in this country inside next few years [generally their will be exceptions}

now you just go pop some more of your happy pills and regards to all in lala land

Well it will mean that your pension fund might perform a bit better, and that the government is less likely to cut state pension.

Nobody can tell how many jobs will be created, but its the first step towards decrasing unemployment.

Sonnenblumen · 30-06-2010 06:01PM

Yippee, let the good times roll...again:)

narwog81 · 30-06-2010 06:34PM

http://www.cso.ie/releasespublications/documents/economy/current/qna.pdf

GNP down .5%
unemployment up
recession over.....nope

extract from CSO report

"Net Exports (exports minus imports) in constant prices were €2,609 million

higher in Q1 2010 compared with Q1 2009."

This is what is driving the rise in GDP, Multinational exports, don't be fooled!

Yakult · 30-06-2010 06:40PM

if you belive the recession is over, then you belive **** can fly.

Its good to see the euro decline, maybe it will encourage more businesses to this ****e hole.

topper75 · 30-06-2010 07:13PM

R_H_C_P wrote: »

if you belive the recession is over, then you belive **** can fly.

So you beg to differ from the statistic established by the CSO then?
You have evidence to offer us that GDP shrank in Q1 of this year as opposed to rising? Please share.

topper75 · 30-06-2010 07:19PM

narwog81 wrote: »

This is what is driving the rise in GDP, Multinational exports, don't be fooled![/FONT]
[/FONT]

Fooled into thinking what? That GDP is not the international yardstick for measuring such things. I'll think you'll find it is.

BTW Multinationals don't operate in a vacuum here. They employ people and invest in R&D here. Ideally, the growth would also happen in GNP. But we are out of recession. It is not something you can debate. It is a fact.

narwog81 · 30-06-2010 08:12PM

topper75 wrote: »

Fooled into thinking what? That GDP is not the international yardstick for measuring such things. I'll think you'll find it is.

BTW Multinationals don't operate in a vacuum here. They employ people and invest in R&D here. Ideally, the growth would also happen in GNP. But we are out of recession. It is not something you can debate. It is a fact.

from the cso report:

GNP

The estimate of GNP is derived by adjusting GDP for income flows between
residents and non-residents. The timing of these flows can be variable. They
include, in particular, the profits of foreign owned enterprises which increased by
€2,007m between Q1 2009 and Q1 2010. As a result, the decline in GNP was

more severe than that in GDP.

transfer pricing anyone? one swallow does not a summer make, at least wait til there is 2 consecutive quarters of growth before the end is called.

admiralofthefleet · 30-06-2010 08:17PM

positive effects wont be felt for at least 2 years

ICE HOUSE · 30-06-2010 08:18PM

Recession hasent even kicked in full swing yet.
Another few thousand on the dole this month. Startin to get pretty serious at this stage.

ICE HOUSE · 30-06-2010 08:20PM

admiralofthefleet wrote: »

positive effects wont be felt for at least 2 years

Positive effects

Whats that???
Does that mean I can stop living off super noodles and beans:D

Recession officially over

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