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Pakistan Meltdown Continues

It is almost never good when the head of your central bank steps down in disgust.

That seems to be happening on a regular basis in Pakistan where the second central banker in fifteen months has thrown up his hands in disgust.  Wasteful government expenditure, poor decision making and a general lack of commitment to any form of economic sanity seem to have driven Shahid Kardar to this step.

Pakistan’s failed national strategy continues to drive this potentially prosperous country deeper into despair and all the signs point to continued economic, political and military erosion.  Nobody knows how to fix things or where it will lead — but it’s increasingly hard to find anyone anywhere who is optimistic about Pakistan’s future.

Keep your eyes on this country.  Its strategic location and nuclear program make Pakistan’s meltdown everyone’s worry.

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