My Dear American people:
I still try to think hard a question lately, that is "Is it worth for Americans to trade 7 or 8 trillions US deficit for 5 to 6 million American people getting employed?" If the answer is Yes, then you should go on and do more. If the answer is No, then you must realize it is not so hard to resolve it. All you have to do is ask the Fed to rebalance its balance sheet. When it sells 5 trillion Mortgage Backed securities back to the market for the exchange of US government bonds, the US deficit is largerly reduced and gone. Then the mortgage market is on its own. But you may suffer from the endless falling of your property prices. And you will have to face the illiquidity problem of your financial markets all over again. That is the reason why when Fed faces the malfunction of financial market, it just tries hard to play the role of demand side.(to support the market)
After all those years, American people have shown us that the greatness of an integrated world. If the States has bad economy, you can invest other nations to have a better life. Because of it, poeple do not need to suffer as used to be. It is the power of bilateral or multilateral trades which includes financial trading, intellectual property trading or something else. It is an integrated world and people already stop fighting each other. It is a new life in front of us. It is worth to live the life like that. Just put the hate on the sideline and move on. There will be a better life for you to live on.
留言列表