The Egyptian Economy: Is it Doomed?

http://www.meforum.org/3527/egypt-economic-ruin

David Goldman says yes. 

For those of you unfamiliar with Goldman, he also writes under the name "Spengler" and before the Arab Spring predicted that the Egyptian economy was going to cause problems for Mubarak. In other words, the Arab Spring was sparked by the economic problems that are now haunting Morsi, who has even less leverage to handle them.