Why are we broke?

December, 2021

Much like a person, when a country is ‘broke’, some self-reflection can help:

  • What did you do with all that ‘easy’ credit – when you were on a ‘high’? Spent on Opex or Capex?
  • If Capex: Are you sweating those assets? (assuming they are still assets!)
  • Now that Creditors are at your door, which assets will you dispose?  Or will you look for new creditors to settle  the old?
  • What is your realistic cash flow plan for the next 3 to 5 years. Is your ‘lifestyle’ and ego aligned to this?
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