2. 閣老真正的legacy，就是製造了房市泡沫。01年股市崩盤以後，過度的流動性就在房市爆發。結果當然是原子彈爆炸，爆炸的方式跟以往不同，有太多技術上的玄妙，放下不講。但基本結果，是一個隻有3千億美元大小的次貸市場，炸掉了美國所有銀行的資本金，導致了幾萬億的實際損失，和曆史上最萎靡不振的“複蘇”。格林斯潘走下神壇，雖然“經濟學家”們拒不認錯，但此人從此再也不是耶穌再世是確認了。而這個2009-2016年“複蘇”的特點，就是乏善可陳的增長、就業，和與之對應的好得你不敢相信的股市。這當然又得拜聯儲掌門人伯南克所賜。這個人據吹是“大蕭條”專家。美國運氣咋就這麽好，一來大蕭條，就有“大蕭條專家”掌門。他的武功秘籍，也就是一條：印鈔票。所以，結果還是一樣：病態的經濟+風光無限的資產泡沫。不過，給他一些credit，雖然QE Infinity這種諷刺是對他業績最好的描述，他確實說過好多次：Monetary policy has run its course, it's time for fiscal policy to step in.
Keep our investment in US asset (house, stocks, and bond), when the inflation in US goes through the roof (unlikely, with all countries trying to sell things cheap here), you can go to another country (say, China or Costa Rica), still live like a king after you convert US $ into local currency.
pssci 發表評論於
說說有啥高招 ？
MoatCity 發表評論於
When I landed in the US 35 years ago, my American buddy told me that "we don't need to make anything, all we would need to do is to print US dollars". I was incredulous, and that is when US was buying most of their stuff from Taiwan, South Korea, and Japan). With little understanding of US capital system, I wondered, how could they do this. It has been 35 years, and they seem to be doing the same thing, and now the countries that compete to sell stuff to US have grown to include China, Vietnam, India, Mexico, etc, etc. They would continue to do this, as long as US Dollar is the world's reserve currency, as long as the world uses US$$ to conduct commercial transactions. ON top of that, US is using this as a political tool, they can pretty much impose sanction on any country they don't like (Cuba, South Korea, Cuba, etc).
Each financial crisis they created, they would destroy all assets and print tons of more money, skimming profit all over the world. There have been 3 or 4 major financial crashes since I came, each time, US appears to become ever so much stronger.
This is definitely the God's favorite country, God created the mighty US dollar to allow them to rule the world. With all the smart people in the rest of the world, you would think all other countries would see the truth in this, would figure out a way to counter the dominance of US Dollar, they are all so willingly obedient to be ruled to the US.
Don't see this world structure change in our lifetime, and we should continue to bet on holding US assets (housing, stocks), so to take full advantage of the strong dollar when we retire.
2. 閣老真正的legacy，就是製造了房市泡沫。01年股市崩盤以後，過度的流動性就在房市爆發。結果當然是原子彈爆炸，爆炸的方式跟以往不同，有太多技術上的玄妙，放下不講。但基本結果，是一個隻有3千億美元大小的次貸市場，炸掉了美國所有銀行的資本金，導致了幾萬億的實際損失，和曆史上最萎靡不振的“複蘇”。格林斯潘走下神壇，雖然“經濟學家”們拒不認錯，但此人從此再也不是耶穌再世是確認了。而這個2009-2016年“複蘇”的特點，就是乏善可陳的增長、就業，和與之對應的好得你不敢相信的股市。這當然又得拜聯儲掌門人伯南克所賜。這個人據吹是“大蕭條”專家。美國運氣咋就這麽好，一來大蕭條，就有“大蕭條專家”掌門。他的武功秘籍，也就是一條：印鈔票。所以，結果還是一樣：病態的經濟+風光無限的資產泡沫。不過，給他一些credit，雖然QE Infinity這種諷刺是對他業績最好的描述，他確實說過好多次：Monetary policy has run its course, it's time for fiscal policy to step in.
