Tuesday, 26 January 2010

And when the broken hearted people living in the world agree, there will be an answer, let it be.

The Beatles knew the answer to this depression - let it be!

When will the central bankers - who caused it with their money debasing policies just stop meddling and let it be. After all the money printing and low interest rates and bank bailouts and government support schemes and tax reductions and car buyers bribes...only 0.1% growth in GDP.

Was it worth it- NO. Will it go into reverse when the meddlers are forced to close down their schemes - YES.

Deleveraging and the drop in aggregate demand it engenders is here to stay - get over to it - just - let it be.

Thursday, 7 January 2010

New year - new debts

We're all going to wake up to the extent of our debts in 2010, because we each owe £100,000.

This is because the government has racked up a staggering £3 trillion of debt on our behalf in recent times and that's £100.000 for every adult in the UK. So this fantasy recovery from the Great Recession will be exposed and tough times await us all.

It could be the year businesses wake up to the fact that by using Interim Managers they get higher outputs and also turn their fixed costs into variable costs.

Every company finance director should take note!