經濟,財務,統計學,數理科學與政治評論

Dear American people:

  You always make me wonder and always make people have some soul search.This time is no difference. There are several issues we have talked about the US economy. We all know a strength US dollar has its pros and cons. After several months adjustment, we do see some weakness of strong US dollar. And people do expect a depreciate US dollar can bring some momentum to US multinational corporations. It can bring higher translation profit back to their books. We all know a weaker US dollar may let those funds flow out of the US. It may bring up the interest rate level of US, but a weaker US dollar does help profit increase of those US multinational corporations. We all know these days, everyone tries so hard to tame down the mortgage rate in the USA. From this way, we hope it can raise the consumption of American people. A strong US dollar can have same effect for American people, but it does hurt the profit of those US mutinational corporations. It is a both-sided story. We want American people have more consumption power, and we also want American people can make more money. All those things lead American people to have more jobs in the US land. We hope those things can help American bosses to create more jobs in the USA.

  There is another both-sided story. We do know the power of US-QEs. It will lead a higher price-to-earning ratio of US corporations that we have not seen before. It is a chance we have to ask Mr. Bodie to rewrite his investment textbook to include a new chapter about the effect of US-QEs on the price-to-earning ratio. The repricing issue is important for American people because we do not see social structure changes and other non-financial issues have been discussed in the traditional investent textbook. There are no chapters talking about the wealth discrepacy and wealth focus situations in the USA lately. There are no chapters talking about the reasons why American people want to occupy the Wall-Street. There are the reasons why people are wondering if American people can accept and get along with higher price-to-earning ratio lately, even for a couple of years. It is a transition process. It is a process to rebuild the wealth of ordinary American people. It is a way to revive American economy if American people can have consensus about the normal situation of higher price-to-earning ratio of corporations trading in the US financial markets. It is important that I have to asked all American people for helping. If American people have some serious doubt about the situation of higher P/E ratio, the story can not go on. And the story writer can not write any new chapters. People can not live in the Kafka's sweet dream, not nightmare, anymore.

  A blossom stock market can bring American people hope and drive them to work harder for the transition of US society. American people have to transform its society with better service companies and a better social healthcare system. It is the thing Mr. Obama tries hard lately. People do need all American people to fully cooperate for a new USA. People do need Amercian people tolerate with higher P/E ratio of US corporation for a couple of years and help each other to GET their decent lifes BACK.

  (unfinished)