July 7, 2015 2015 Mid-Year Outlook: The pause that refreshes Executive Summary Economic growth in the U.S. and China should pick up in the second half of the year as Europe’s economy stabilizes at the fastest rate since 2010. With valuations and margins already high, U.S. equities will likely post limited gains over the medium term. Large-cap stocks offer better prospects than small- and mid-cap shares. Potential gains from international equities outweigh the currency risks, as Europe and the emerging markets offer the prospect of higher earnings growth and Japan continues to reform. For fixed-income investors, higher-yielding debt provides the best protection against rising rates at home, while international investors should focus on markets where currencies can weather a stronger dollar.
Well, my TIAA-CREF has lost $20k+ this quarter, and I have just realized that my salary today is the same as that on July 1, 2008. I am not complaining, just noticing these little things when I am fine-tuning my model (again). Maybe it's time to go after Plan B...
Why? Well, its life insurance company cashed my check on March 4, and then sent me a letter dated on March 21, suggesting that I didn't pay in time. I thought only state governments are having manpower issues, but maybe many big companies, too. No wonder so many people are unemployed in the States these days!
标签: TIAA-CREF
