I opened up my recent TIAA-CREF retirement account statement, and I was floored. The return was up nearly 8% in the first quarter alone. That's a 30% annual rate of return!
Well, it probably doesn't mean much. It's just the Wall Street Casino doing its Wall Street Casino thang, so good luck holding onto all that cash! But still, it makes me wonder, what the heck is going on there these days? Back to 1929 again, so soon?
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