I really liked Ed's post on the fallacy of the US/UK wealth comparison, spot on Ed. Also Mark's review of the need for a citizen basic income is worth a read. Having not been convinced originally I am coming round to this ideaas the only solution to our broken benefits system, I see even 'a lefty' like Chris Dillow is too...amazing we can all agree!
Also poll result from last year voted the August credit crunch the biggest shock of the year, followed by the Northern Rock collapse. I was a little surprised the order was not reversed but not too much.
Anyway, according to the media the crunch is over. Let's see how long it takes forLIBOR rates to creep up again as the fear comes back to the banks. I see Citigroup is strongly rumoured to have a another huge write-down in the pipeline.
Finally, there is a new poll, what do you think will be the biggest event in business and economic terms this..just a bit of fun!