Archive - Apr 7, 2013

Rampant inflation, caused by debasement of the currency, government corruption and nanny state corrective action that makes matters worse. Declining trade, caused by wars to control the empire, massive military over-reach and ever increasing spending on the military – funded by increases in taxation on the citizens, especially those least in a position to pay.  Sounds familiar? The above, paragraph describes not our present day society but that of the Roman Empire from the 3rd century onwards. However, one could be forgiven for thinking I was describing the faltering western economies of America, Japan and Europe.

After showing Ireland's biggest banks failed to report borrowings/encumbrances, I give EVERYONE means to play credit analyst. Calculate Ireland needing another bailout right here (hint: this app probably shames your favorite ratings agency).