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As I understand it, the definition of a recession is 3 consecutive quarters of negative economic growth.

Yesterday it was announced that the UK economy grew by +0.1% by the national office of statistics. All the news programs have been talking about the danger of slipping right back into recession in April.

My question is, given the definition of a recession, wouldn't it take till at least October for another recession?

omg more importantly look at this, proof that ghosts exist, apparantly the child crying in this pic had been crying all through the party and she never cried and they say kids can see ghosts and look inbetween the womans legs, omg!!! i think we should talk about this instead

omg the ghost is coming right out of the ground  ;gobsmacked;

(http://scrapetv.com/News/News%20Pages/Entertainment/images-3/Ghostbusters-team.jpg)

Also i'd say the bird in the red top>>>>>>>>>>>> the blondie with the perm>>>>>>>>bird with the stripy top but it's close, can only really see the faces from that pic so it's difficult to call, anyone disagree?

yeah, that order seems about right

one thing I've always wondered about ghosts is

(http://beckymcmichael.files.wordpress.com/2009/07/ghost-tweet-twitter.jpg)

I mean, how do they do it without transparency, surely that's a ghostly prerequisite

I'd say ghosts were more translucent than transparent.

good point. I'd always kinda thought of transparency as a form of translucency or maybe the other way round but a quick google would indicate they're distinct and seperate states so ghosts would necessarily do stuff without transparency. I'll write to katie moffat and let her know

a further google search reveals trasvestite and transexual are also two different things though i'm not sure who i should write to about that :dontask:

Hope all this has answered your query Tank.

I'm on a train, in the film ghost there was a ghost on a train. I'm nervous now. Ffs tank

I'll add it as a postscript in my letter to katie if you like. she'll probably know what to do with the information

Oh good one of these threads, oh well I didnt fancy working today anyway

Wasnt it a tube, i remember it being in the underground, i think they call it the subway though im not sure if that refers to the means of conveyence as well or the system of tunnels, we would ride a tube in the underground they would ride a train in the subway or maybe i'm wrong?

I was about to google pics of dead aliens anyway....

this'll keep tank happy whilst we sort the other shit out....

http://www.pppst.com/economics.html

so soviet was technically wrong as by definition he wasn't on a "train" consistent with his point of reference?

Looks like I've made a boo boo. I just rememeber the scary ghost man jumping on what looked like a train to me!!

In a way I do feel better... However I'm on my way to sheffield so I'm fked anyway!

whilst technically wrong he is correct to be scared as there is much evidence throughout history as well as at that fair on blackheath every year of the existence of ghost trains

He was on the train as well when they first met.

YouTube: http://www.youtube.com/watch?v=UGKoE6EhLgo

Obama conspiracy, it's all there............

(http://www.joeydevilla.com/wordpress/wp-content/uploads/2008/02/barack_obama_conspiracy_photo.jpg)

seen that one before, apparently it's a fake. you can see where they photoshopped the invisible camera

though the pants tent is all Obama

the tent's what won him the election

The erection that won the election.

tank you are close but its 2 quarters of - growth so we could slip back into recession in july if growth slips again

many experts have been predicting a W recession but i think they were expecting a little more of an upswing that one quarter of 0.1% growth


as for the rest of you there are no such things as ghosts elvis told me that last night

(http://www.timebombtshirts.com/acatalog/funny_elvis_tshirt.jpg)

levis is an anagram of elvis and elvis wore jeans! coincidence?

this day is blowing my mind

elvis is also an anagram of lives, so he can't be a ghost

it's also an anagram of viles which is what they use in laboratories and elvis died on the lavatory which sounds similar to laboratory, OMFG!!!!  ;gobsmacked;

it's also an anagram of veils. if I had a bridalwear shop I'd call it elvis veils

"Viva Las Veils" would be a better name.

or open it in Norwich and just call it "Kissing Cousins"

and its not an anagram of silver, which elvis loved, so its also a conspiracy!!!

while it would be a better name I feel it would fail in my objective to raise awareness of the many anagrams of elvis, people just won't look at it and see the jumbalaya

maybe 'viva las elvis veils' would do the trick

It is also an anagram of 'vlies' which is the German word for fleece.

I understand that most ghosts seen this time of year will be wearing a 'vlies' to stop them catching a cold.

"Elvis pie" was quite famous, it was burgers in a pie .... "Elvis Pie" is an anagram of "Evil Pies" ... All of which lead me to conclude that Matt Russell is indeed Elvis !!

That white jump suit is a bit of a give away.  Elvis loved his pies too.

Would love to get you lot in a room and....oh, nevermind. 

nice effort at the play on words/song titles style of posting but you've used nirvana rather than elvis so it doesn't really work

should've gone for

you have all got suspicious minds...

i thought we were all in the ghetto

can we have a little less conversation

wheres tank

Down By the Riverside

Righteo

Turns out what we thought the official definition of recession was (the 2 consecutive quarters of negative growth) is just there for convienence and is not so rigid.

A recession is just any significant period of negative growth. The reason why they go for 2 consecutive quarters of negative growth before it's stamped with the label recession is to allow for a mistake in the data, a one-off event or a seasonal anamoly.

So if the April 26th figure is negative, it would be 6 quarters of negative growth followed by a quarter of negligible growth, followed by another quarter of negative growth.
It will proabably be fair enough then to state that we've slipped back into a recession. Fingers crossed for April then

if we go back into recession it'll be t-r-o-u-b-l-e

It would come just around about election time too.

Gordon Brown's speech.

"With a steady hand I've steered this country out of reces... puts hand to ear excuse me a minute.
...
ahem, as I was saying, David Cameron is a tosser from Eton."