tag:blogger.com,1999:blog-32841798.post1377452758971225054..comments2024-03-19T13:01:14.062+00:00Comments on Capitalists@Work: UK GDP not shock - 0.5% growthCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-32841798.post-81629099146617292132011-04-28T10:34:23.012+01:002011-04-28T10:34:23.012+01:00BE - GDP deflator is now CPI - hence the problem.BE - GDP deflator is now CPI - hence the problem.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-43147236606930941632011-04-28T01:30:12.506+01:002011-04-28T01:30:12.506+01:00CU, do not gdp figures use a third inflation figur...CU, do not gdp figures use a third inflation figure - the aptly-named GDP deflator - to attempt to make the figures meaningful? What is that number compared with CPI/RPI?Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-47262958683629354112011-04-27T21:18:53.793+01:002011-04-27T21:18:53.793+01:00Sausages.
People have been buying lots of sausage...Sausages.<br /><br />People have been buying lots of sausages... and apples too.<br /><br />Our freezer has been packed with them in preparation for the Royal Wedding party. We're following the official recipe.<br /><br />Well any Princess wants a sausage in cider on her wedding night.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-86713665906595243252011-04-27T21:17:47.234+01:002011-04-27T21:17:47.234+01:00This comment has been removed by the author.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-84937608148217216962011-04-27T17:51:42.890+01:002011-04-27T17:51:42.890+01:00Cameron can piss the LibDem's off as much as h...Cameron can piss the LibDem's off as much as he likes. He knows and, more to the point, the LibDems know that a general election now would see the LibDem's parliamentary party just large enough to fill a London taxi.<br /><br />Even if the LibDems were to change sides without an election it would give a Lab-LibDem coalition a majority (from memory) of less than 10 in the Commons. Such a majority would make it difficult for a single party and next to impossible for a coalition to function.Umbongonoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-85692315771957708862011-04-27T14:04:17.552+01:002011-04-27T14:04:17.552+01:00The principal difference between the CPI and RPI i...The principal difference between the CPI and RPI is in the formulae used.<br />CPI uses a harmonic mean, RPI uses arithmetic.<br />harmonic means < arithmetic means.<br /><br />See <a href="http://www.statistics.gov.uk/downloads/theme_economy/cpi-rpi-information-note.pdf" rel="nofollow">Differences between the RPI and CPI<br />Measures of Inflation (PDF)</a> for more details.<br /><br />I read somewhere that housing costs will be included in the CPI in the future.<br /><br />On my preferred 'how hard is it to get a table at a restauraunt in Bristol on a saturday without booking index', I think there definitely is a recovery in progress, but the good times are nowhere near back.andrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-41272922950854075132011-04-27T13:23:07.156+01:002011-04-27T13:23:07.156+01:00On a side note, Easter 2010 was 4th April.
A % of...On a side note, Easter 2010 was 4th April.<br /><br />A % of egg/leisure/pre holiday spending would have fallen at the end of March. <br />Including holiday bookings and holiday clothing spending.<br /><br />This Easter, falling late, has seen all the Easter numbers in April.<br />And with the warm weather , they are looking pretty good.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-44234789314072730212011-04-27T11:47:53.666+01:002011-04-27T11:47:53.666+01:00Phil - how do you not piss them off, they face bot...Phil - how do you not piss them off, they face both ways?CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-10044447294867507072011-04-27T10:53:01.353+01:002011-04-27T10:53:01.353+01:00If the LibDems hold the future of the economy in t...If the LibDems hold the future of the economy in their hands, why is Cameron going out of his way to piss them off at the moment? Seems catastrophically stupid to me, but perhaps that's par for the course for politicians of any stripe.Philhttps://www.blogger.com/profile/15334261621479728021noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-29439376957017318152011-04-27T10:22:58.786+01:002011-04-27T10:22:58.786+01:00Not quite, but accept fully your criticisms so hav...Not quite, but accept fully your criticisms so have updated the post. <br /><br />GDP in real terms still needs to compare to actual prices - to get real terms increases you need to know what inflation is/was.<br /><br />So the Government's chosen method is as usual CPI. This does give an accurate historical record - but as we all know removing houseing cost in an in economy where housing is a substantial chunk of the economy is a poor measure. <br /><br />CPI and RPi are different by more than 2% currently - i.e. more than UK projected GDP growth.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-64140105068443522802011-04-27T09:59:28.980+01:002011-04-27T09:59:28.980+01:00Exactly.
"In real terms its rubbish because ...Exactly.<br /><br /><i>"In real terms its rubbish because inflation is at 4% so any growth this year under that is a decline in real terms"</i><br /><br />is, er, very, very wrong.Robertohttps://www.blogger.com/profile/13540885662407608167noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-8863079585831271302011-04-27T09:43:38.614+01:002011-04-27T09:43:38.614+01:00Aren't the numbers usually in real terms rathe...Aren't the numbers usually in real terms rather than nominal?Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.com