Value Investing World

Wednesday, April 4, 2012

The Absolute Return Letter - April 2012: You Can’t Handle the Truth

The UK may not be facing the same set of challenges as many other European countries but that does not mean that the next few years will be plain sailing for the British. Households are overextended, banks are highly leveraged and the pension model is deeply flawed. Meanwhile, the British government, obsessed with keeping the coveted AAA rating, is pursuing a fiscal policy which is well intended but entirely inappropriate.

Joe at 4/04/2012
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