Time for Some Quantitative Drinking

Those who refrained from borrowing beyond their means during the credit bubble of recent years or those Americans abroad who use the greenback as their primary currency for payment have got to be wondering today if 11 am is too early to pop open that bottle of plum brandy sitting on the kitchen cabinet.

So much for “a penny saved is a penny earned”; Ben Franklin meet Ben Bernanke. Two groups in particular, savers and expatriate Americans, have been dealt an impossible hand by the Federal Reserve and its border-line psychopathic intent to keep real estate prices high and devalue the dollar simultaneously.

So if you have been hording your pennies in the hope that property levels will return to normal or thought it might be fun and adventurous to spend some time abroad as a freelance writer working for US publications – as the writer of this piece has been doing – it just might be time to reach for the corkscrew and welcome in QE2.

If things are going to be headed downhill fast, then we might as well enjoy the ride.