Professors Reinhart and Rogoff were once famous for publishing the theory that any government operating on a GDP to Debt Ratio of greater than ninety percent would in effect see a shrinking of the economy. And then it turned out, they were wrong. Well guess what happened? Do you think that their reputation would go High or Low once it was known that they were completely wrong in their assumptions and conclusions? Well, it did shame them, if only enough to release a written statement which did not quite admit full responsibility for the consequences of their falsely authoritative claims. The bailout madness that gripped governments around the world over the past few years (from 2010 to 2013) cost trillions in EUR and USD currencies, and its longer-term effects remain unknown, since now there are many more governments locked down by debts and loans based on false premises, which all stem back to the root cause of the problem on the ground. And that problem is an error in a spreadsheet, where averages were miscalculated. The last time we checked, the average 5th grader can calculate averages. This of course does not bode well for the reputations of these two people responsible for the debunked Reinhart-Rogoff theory. Fortunately, they were satirized in the binary options news of April 28, 2013 at http://blog.optionsclick.com/2013/04/28/dollar-down-on-soft-us-gdp and this just might help to give them a tiny bit of help in bailing out their air of redemption in an otherwise broke and unforgiving field of public opinion.

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