Wednesday, September 29, 2010

Pakistan to enter hyperinflation in next few years

After Zimbabwe, it appears that it is Pakistan's turn to enter hyperinflation.
The budget is double the revenue. It is unsustainable. Army gets bulk of the budget and
is a state within a state. Spending cuts cannot happen. The economy is in a downward spiral. The fall of Pakistani Rupee will only accelerate and hyperinflation will be obvious in the next few years.