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U.S. Headed for Bankruptcy
You knew him. He was the talk of the town. Spent a fortune. Had everything. Then, suddenly, busted. Bankrupt.
Everyone was shocked.
What happened, as the facts came to light, wasn’t misfortune. It wasn’t even unique. Just another instance of a man achieving a high level of prosperity and then, over time, his beliefs about his wealth and his ability to spend grew to exceed even his sizeable income. He developed his own sense of entitlement. His own story of manifest destiny. He began working less and spending more time enjoying the fruits. Flaunting his wealth and exercising his power.
Oklahoma Economy Double Dipping?
Many Oklahomans were reporting a healthy pickup in economic activity earlier this year.
Things were getting back to normal.
I certainly felt it. Phones were ringing again. A few new clients. Business owners reporting higher revenue. Expensive restaurants were bustling.
What happened? It seems the air has been let out of the tires. I noticed it immediately after the 1,000 point Dow dive. Was it May 5?
