經濟,財務,統計學,數理科學與政治評論

Dear American people:

  I am totally disagree with the statement of Mr. Ben Bernanke on his bad luck about the miscalculation of the-not-grow-that-faster US economy. It is not his fault. The USA is a free-market society. No one can blame those big US corporations, with ton of money on hands, don't want to invest on equipment or employ more Americans, but use those money to buy back their shares and try hard to reduce their borrowing costs when they issue bonds or take loans from banks. Managers in those corporations just show their concious and greedy. Greedy does bring good thing to them this time. US corporations just take the experience of Japan deflation years seriously when Japanese corporations use their lower interest rate environment to invest heavily on specific industries without considering the world supply and demand. Now they face fierceless competitions from South Korea and China. China wants to build its own industries and even to have their own standards on those industries.(Of course, here I mean 4G-TD-LTE) So Japan corporations face many challenges. It will not happen in the USA where US corporations don't heavily expand their own capacities in the US lower-rate environment.  So it is not Mr. Ben Bernanke's fault, and Americans may even thank Mr. Bernanke for this situation. It is a right decision that managers of US corporations decide not to overinvest this time. If people want to blame something or someone, just blame this greedy free-market society and their openess to every important ecconomic thought. If those industries have bigger innovations, it may let those investment overcapacities worth nothing when the innovation brings new technology and new ways of living, just as the case of Japnese corporations faces these days. Therefore, US corporations keep their cautious are without no reason. They are waiting for the real demand increase from ordinary people and try hard to grab market shares when the market imporves. Everybody is waithing for the revival of world economy. It just shows that the science does prevail. It is also the reason why the US has the yield around 3% of 10-years US treasuries lately. Market prevails as the supply and demand controls the equilibrium. Market will always be the best solution for the efficiency of economy. It should be remined that, in this open world, no one can control other people's minds. The only thing Mr. Fed can do is try hard to persuade people to do some goodies to others. Mr. Ben Bernanke is a great man, just as those Fed chairmen, Paul Volcker and Alan Greenspan. Mr. Greenspan is the one who is sophsticate enough to manipulate people's mind. Mr. Greenspan is a master who knows how to let Mr. Market not to panic on all kind of situations. On the contrary, Mr. Ben Bernanke is a honest guy who pray to God everyday. Hope his QEs and OT can work out and bring the USA out of wood in a shorter period of time. I think Mr. Bernanke is succeed on the job and his goal. He bring all American people out of troubles and those terrible stroms. He is a great man. Mr. Bernanke will be remebered as Mr. Fed for what he did in those years.

  Mr. Greenspan is one of the kind we should remember his legacy. Even people blame him not to let the bubble be pricked by the proper policy of Fed. But he insists that we just can not manipulate financial markets. (instead people's mind, I guess, and Mr. Greenspan did manipulate people's mind. He is good at it.) In the Fed term of Mr. Greenspan, he shows the world succeesfully that the USA does have much higher growth rate potetial compared with other well-developed nations. The reason is still unknown until today. We still do not know quite well how it happens in the USA. But we just know that the USA is indeed a promised land. Of course, a lot of economist and social scientists will argue that the higher growth rate is due to several reasons. The first one is the concept of free society. Everyone in the USA can try hard to commercialize everything that is deemed to be valuable, including gambling, pron movies and others. If the law is not prohibited, American people will love to try hard to promote those ideas and make a fortune. Therefore, we see the booming of internet commercials and other extraordinary business models that are not found in other nations before. The seond reason that the USA has higher growth rate potential is due to the well developed society and the most flexible adaptation society. The corporations in the USA can pay higher salaries to those talented people that can not be found in other nations. Under this situation, the USA absorbs the most talented people all around the world which brings a lot of goodies to all American people. The third one is due to the well developed law and irs strickly implemented law enforcement. When American people realize something wrong which can jeopardize the society, they just try hard to bring the justice to all Americans. Even it may take a longer period of time, American people will still try hard to let it happen. Bring the justice in font of God and all American people and show the world that the USA is really a country who pursues the fairness to all of its people. The well wealth-distrubited system is the fourth reason I think American people had forgotten many years from now but try hard to remember it lately. I think American people will realize a better nation is built on the foundation of fairness society and self-sustainable happiness. That is nothing but a truth. Even Mr. Bernanke will see this super-unexplained-growth-magic happens again after Mr. Bernanke ends his duty of Mr. Fed. Now we will have Mrs. Fed when Mrs. Yellen gets her job.

  Now, Americans are on the right path. And all American people has finally realized a lot of things and get sobers this time. It is a good thing and we should congragulate to all American people and thank for what they have done and have not done in those horrible years. But we are still looking forward to seeing a promising America with fairness on tax-code, healthcare and education reforms. May God bless the US.