A passage from Ernest  Hemingway fits the moment. In “The Sun Also  Rises,” one character asks,  “How did you go bankrupt?” and another responds: “Two ways. Gradually, then suddenly.”

The exchange captures Hillary Clinton’s red alert. She’s been going politically bankrupt for a long time, and now faces the prospect of sudden collapse.

Hillary’s one big advantage is obvious — she’s the only serious contender for the Democratic nomination, and she beats most GOP opponents in head-to-head matchups. But everything else weighs against her, including momentum.

If she’s got a winning defense, she better be quick about it. The ghosts of scandals past are gaining on her and time is not on her side.

Hillary’s one big advantage is obvious — she’s the only serious contender for the Democratic nomination, and she beats most GOP opponents in head-to-head matchups. But everything else weighs against her, including momentum.

The compelling claims that she and Bill Clinton sold favors while she was secretary of state for tens of millions of dollars for themselves and their foundation don’t need to meet the legal standard for bribery. She’s on political trial in a country where Clinton Fatigue alone could be a fatal verdict.

After 25 years of corner-cutting and dishonest behavior, accumulation is her enemy. Each day threatens to deliver the straw that breaks the camel’s back. It may already have happened and we’re just waiting for public opinion to catch up to the facts.

Meanwhile, her Houdini skills are being tested big time.

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Michael Goodwin is a Fox News contributor and New York Post columnist.