Sterling collapses.....

....soon, as the real depression for the UK kicks in and the false hopes generated by this phoney recovery are exposed and fade.

Interest rates will rise and house prices will fall. The UK economy will move into it's destined 'y' shaped slump as output and demand collapse.

The FTSE will find a bottom out at or near 2850 and house prices 50% lower than current prices.

More stimulus will not only be unavailable but will be seen as useless and undesirable.

May more businesses will fail and private and public sector unemployment will inevitably soar as the clear out of excess supply does it's work.

Social unrest will be high as will calls for an end to globalisation and free trade - to protect UK jobs.

It should be good news for Interim Managers, although the competition will hot up as more of them come onto the market.

Those starting out may want to look at the Interim Management Association site:
www.interimmanagement.uk.com

With the nadir occuring in 2012 - slow and tentative growth will begin thereafter.

Executives turn to Interim Management

Our research shows that more and more executives made redundant in this recession are turning to Interim Management to avoid the dole queues.

This is "masking the true unemployment figures" said a spokesman for FM Interim, but "provides a great opportunity for senior managers to make a substantial impact on the recovery of UK plc" she said.

Anyone considering Interim Management might want to visit the Institute of Interim Managers website for more useful information:

http://www.ioim.org.uk/

Will we fall for it?

The story so far:

Gordon tells Mervyn to start printing money and make it cheap by lowering rates in early 2008 to anaesthetise the population into thinking we're not in an almighty mess....and so help him to get elected in 2010.

Then he tells the nationalised banks not to foreclose on those that can't pay their mortgages...and so help him get elected in 2010.

Then he tells the various agencies to redefine unemployment via the way benefits can be claimed to make the unemployed figures look smaller..to help him get elected.

Then he tells Mervyn to say that printing money and low interest rates are here to stay for a while so that those now enjoying lower monthly mortgage payments feel better off... to help him get elected.

Then he gives our money away to help people buy a new car but when GDP shows only small growth ie 0.1% he extends the scheme and gives some more of our money away..to help him get elected

Then he tells the Liberals they might get into government through AV ...to help him get elected

...and on ...and on... it goes.

Will we fall for it?

Interim Managers should hope he stays in power since there should be more opportunities as he mortgages away more of our future....will they fall for it?

Homeowners should hope he stays in power...will they fall for it?

But there is one group who won't fall for it...the international money markets. No - they will call Gordon's bluff before the election aand expose the mess we're in.