Bursting Greenspan’s bubble

Warren Buffett, a man who knows a thing or two about investing money wisely, once said: ‘‘It’s not until the tide goes out that you can see who’s swimming naked.”

If this week’s Bank of Ireland report is even vaguely accurate, a lot of us should be thinking about preserving our modesty. We maybe the second richest nation in the world on paper, but it’s almost entirely propped up by an alarmingly over-inflated ...