It's Over (We're out of recession!)

thewheel2.0

seamus wrote: »

Anecdotally I would personally claim that people are generally having success in eventually finding jobs (even if they're not getting the same wage) and that most of us have managed to readjust ourselves financially such that we actually have more disposable income than we had in early 2007, but we're not spending it quite so loosely anymore.
Companies also seem to be more optimistic about the future.

Agreed my dad was unemployed for 3 months and spent it on irishjobs.ie, he eventually found a job. In our local community a couple of people have lost their jobs and for the mostpart they are all back on their feet again maybe its different in other parts of the country. I even notice the difference in my parents spending, they seem to have copped on.

Agent J

In very short crude terms.

GDP = What we and they make (They being dirty foreigners.... )

GNP = What we make.

One set of numbers says we have left recession. The other set says we havent.

jumpguy

/trying to maintain postivity

Yeah, we are. In my hole.

ascanbe

Procasinator wrote: »

None of that makes sense.

It's like me saying I jumped off the 3rd story of a building and broke my legs. I don't see myself running back up to the top of the building, but I'm not falling any more. Things aren't great either, but that's not say I won't heal with time. Might have a limp for a long while though.

Indisputable fact though is I've hit the ground thus I'm not falling any more. The GDP increased, not decreased, hence we are not falling any more. Sure it does hurt to have broken legs. Doesn't change the fact.

Of course, it's not to say someone won't come along and throw me off another building to repeat the process again. Or as I imagine it, the stable platform we've fallen on will collapse from under us: much like the Stonecutters episode in The Simpsons.


/bad-analogy

I'd go for one from the episode where Homer trys to jump the gorge. Having survived a nasty, prolonged spill, our mangled body has just been placed inside the ambulance; unfortunatley the ambulance is just about to be driven into a tree (NAMA).
You know what happens next, unless somehow we cop on and manage to extricate ourselves; get off the gurney, so to speak.

Kimbot

Biggins wrote: »

Well thank heavens for that.
I might get a decent price now for me stash of hash!

I'll take some of that

Wazdakka wrote: »

PM Sent..

2 PM's sent :P (I'm really stuck for some :P)

Bandit12

Weathercheck wrote: »

Apparently Ireland has suprisingly exited recession in the 3rd quarter of this year.

http://www.rte.ie/business/2009/1217/economy.html

FF starting the election campaign a bit early this time around i see.

Procasinator

ascanbe wrote: »

I'd go for one from the episode where Homer trys to jump the gorge. Having survived a nasty, prolonged spill, our mangled body has just been placed inside the ambulance; unfortunatley the ambulance is just about to be driven into a tree (NAMA).
You know what happens next, unless somehow we cop on and manage to extricate ourselves; get off the gurney, so to speak.

Good comparison.

VinnyTGM

Cool, I'm going out for a loan.

kraggy

amacachi wrote: »

For the year up to the end of the measured period it was down by 7.4%, but for the 3 months it was up by 0.3%. Is it really that hard to follow?

Erm, yes, it is actually hard to follow considering this wording:

"The Central Statistics Office said the economy, measured by GDP, shrank at an annual rate of 7.4% in the third quarter, slightly less than the 7.9% drop in Q2."

A decrease in the rate of contraction does not equate to growth.

What you point out is based on the paragraph succeeding the above. But the above contradicts your point.

So do yourself a favour and don't be so condescending because whether or not you are correct, this is a discussion forum and not a children's playground where one says to the other "Na na na na na".

I hate Mr. Rolleyes but here is an apt situation for his existence.