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.