March 31, 2005

Pakistan has been witnessing riots outside of the Karachi Stock Exchange and trading has been suspended - its looking like the Wall Street of 1929 in Pakistan! Hundreds of investors are being denied the ability to trade their investments due to volatility. There is a suspicion of insider trading and foreign manipulation. After a record run-up in the market they are experiencing record declines, with seemingly no end in sight. Where does this end, and can this happen again on Wall Street?

Pakistan Prime Minister Orders Enquiry

Your comments are always welcome.

Cheers Rich

Posted by richardlancaster at March 31, 2005 08:50 PM

A U.S. economic meltdown under the current administration?????
C'mon..... these guys gotz smartz......and the HIGHEST integrity......(Haliburton, Texas Ranger's Sale)...........and they can count too..... projected 1 trillion surplus converted to 7 trillion debt just like that..........
Geez, Pakistan stocks may not look so bad after all.

Posted by: bud buddy (red state) at March 31, 2005 11:10 PM

Sure bud buddy, Robert Rubin and Alan Greenspan are Republican tools. When are you guys going to get past the election and see reality? It doen't matter who sits in the White House because Greenspan and his friends pull the levers. The "markets" are a fiction to sop the little guys while the bankers and pols cash in.

Posted by: TJK at March 31, 2005 11:22 PM

If there are two words to describe the US markets, they are complacency and arrogance.
What is happening to the Pakistan Market mirrors what will happen in the US when the bottom falls out. From a spiritual viewpoint, Terri Schiavo and Elian Gonzales symbolize the spiritual decline/renunciation of Judeo Christian Values upon which our country was founded. (They are merely tips of the iceberg of nihilism which is dooming the American experiment.) I like the example of Noah who built an ark while everyone was partying. My advice is to build your own ark before THE flood of financial calamity arrives.
It will not be long.


Posted by: John Westcott at April 1, 2005 02:27 AM

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