經濟,財務,統計學,數理科學與政治評論

My Dear American people:

  I know what it likes to lose his/her own job and stay at home watching TV. But you have to be patient to all of this. The States is just healing itself NOW with its own better mechanism of free society. Be patient!! Do your best and leave the rest to God. Believe in that the States is still a self-healing society that no one can see from the rest of world.

  This time is not different as used to be!! The U.S. stock market has to move on because there are still a lot of people losing their jobs. The service industries of the States still need to be expanded. I am totally awared of the thing people often talk about. The thing about the S&P 500 and other important indices already reach a much higher levels than used to be NOW. But you have to be fully reminded AGAIN that the U.S. dollar may need to be depreciated even more than we thought. The States has piled up a lot of debts to promote the world run smooth, to help people have their decend lives, and to make a better world. Everyone knows that the QE policy does help the world to be a better place. Our livings also depend on the QE policy of the USA somehow. That is nobody can deny. I know a lot of wealthy people do worry about the liquidity issue of QE, but the ultimate goal of QE has not been fulfilled YET. The goal is to let the unemployment rate of USA go down to the threshold of 6.5%. It is not an easy job. The States may need some lower wage jobs to get it done. The States may need a little bit lower standard of living than used to be - a cheaper life and a cheaper way to live in the USA. But those jobs are so hard to find and no one want to take that kind of lower wage jobs in the States. This is an issue that you have to worry about!

  The States may need to lower its living standard to have the 6.5% unemployment rate done is the common knowledge to scholars. But it is just so hard to get it. If you really want to help American people to save, to invest, and to have a better life. I do not think Mr. Paulson did a totally wrong thing when he tries to lower the housing price of USA and let American people pay less to have a house. But what he does seems to contradict to his original idea as the lower housing price just hurt people with higher mortages burden (than their house prices). The basic question now seems to go to an unrealistic one: Can we waive some part of those mortgages? I know we can not. But you do find something alternative.

  Right now, everyone knows that the part of success of QE depends lots on those people to pay their higher mortages, compared to their house prices, to support the funding of government and to reduce the deficit of America. The reason behind is the Fannie Mae and the Freddie Mac belong to the Federal government NOW and their larger benefits are used to reduce the debt level of America. If you are not so afraid of it, then we should expect those things to go on until everyone gets a decend job. That is the reason why the QE should just  move on and on until the goal of 6.5% umemployment rate is fulfilled. Those families who get the benefit of lower interest rate environment most are also the ones to give back to the U.S. society most. They get a lower mortgages to pay for and have some rooms to save and invest. Their mortgages payment flow back to the society as the reduction of American government debt. It is not a vicious circle but a good one.

  American people show their true nature when they face such a big pain and do stick together to help each other. It is nobody can deny that we do see the great virtue of American people. The reason is you do find a way to have a good cycle to help everyone get what they NEED instead of what they WANT. No one denies that it takes a longer time to have it all. American people shoud be patient. American people should save from good investing in the U.S. financial markets to have a better life. The goal behind everyone should be awared of is to promote other American people to have a decent job.

  My dear American people! This time is no different than others. But this time, American people has shown the world the social science does work well and the States does have a much higher quality of higher education. It is a self-healing process you have to go through!! You have those brilliant people to solve so many problems that Japanese can not deal with in two decades and those ones we can not imagine. You do have those unselfish scholars to come out with so many good ideas, mechanisms and ways of management somehow for your own once-paralyzed financial markets. You show the world that American people still fight for your own bads and try to bring goodies to your own people.

  So please do not hesitate to stop using QEs!! Just keep it a little longer. But try something new to come out with a better one for other people outside the States. We are afraid of the too much appreciation of our own currencies. We are so afraid of higher appreciation may cause our people lose their jobs. We DO NOT have so many brilliant people as YOU DO to come out with so many great ideas to make our lives better. We do need you to help your own people and US.

  May God bless the States and the rest of US.