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September 18, 2008

Speaking of Pakistan ... All's Well in Land Bad News Forgot

Speaking of Pakistan's self-imposed no-market-declines rule, all's well in the land that bad news forgot. Consider this quote from a securities dealer in Karachi concerning the current global crisis:

"Global financial turmoil has not and cannot affect Pakistan, thanks to the floor which is in place," said Asad Iqbal, managing director at Ismail Iqbal Securities Ltd.

Gosh, I hope Hank Paulson and Ben Bernanke are paying attention. Asad is onto something here.

[via Reuters]

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