Reasons to fear a false dawn
The warm feeling Ireland's economy is experiencing may be more like the bedwetting of quantitative easing than an actual recovery, writes David McWilliams.
There are many ways to describe printing money excessively, but the following quote from the Wall Street Journal's money editor, attributed to a US official, is one of the most memorable.
"It is like peeing in bed. It feels good at first, but pretty soon it becomes a real mess."
Whether the official is overstating the initial enjoyment is really a matter of individual peculiarity, but you get the point.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine