OK, this one is a genuine problem.
The older and newer links that one would expect to appear at the bottom of the blogroll (if I’m using the term correctly) seem to appear or not with a will of their own.
when the latest entries are displayed, only the "older entries" link is relevant (you are on the latest page, why would you link to even newer posts when there arent any?)
and when you are the end of the list (the last page with the oldest posts) you can move only foward, thus "newer entries" gets displayed. :)