It would be charitable to call it eccentric, but the UK government's latest pay action is simply crazy. In the midst of the downturn, and with the ghastly state (and worsening) state of their finances, they still decide to award their public sector workers a pay rise of 1.5% next year. Deflation? Schmeflation, says Gordon Brown.
Devalued, discredited and delusional. Jim Rogers might be a tad hyperbolic at times, but it's hard not to view the UK as "finished". At the very least, it's on the floor and gasping.
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Friday links: long term investing
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