Sustainable Retirement Plans in the New Nrmal Economy在新的正常经济可持续的退休计划.pptVIP

Issuance and Investments inthe Low-Rate “New Normal” Economy January 12, 2011Presented by:Girard Miller, Senior StrategistPFM Asset Management LLC;Agenda for This Session;Economics of the New Normal Economy;Economic Outlook: Slow Recovery to Gain Momentum;California-Specific Challenges;Likely Interest-Rate Outlook;Long-term rates could continue to drift higher on reflation fears and dollar-currency concerns over QE2 Net result is a steeper yield curve on relative basis China, Australia and possibly India will raise rates in 2011 When global economies begin synchronized in growth, rat