Brookfield Asset Management (NYSE: BAM) owns and manages a portfolio of high-quality real estate and infrastructure assets throughout the US, UK and Australasia, targeting investments that provide reliable, long-term cash flows. Even in this challenging market environment, the majority of its business lines have held up remarkably well, producing $1.4 billion in cash flow over the course of 2008. Read More
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Figuring out your K-1 form doesn’t have to be as grueling as climbing K2. Read More
Since the collapse of Lehman Brothers last year, US Treasury-backed paper has been a hot ticket item. Read More
US stocks overcame earlier losses to finish in the green, bolstered by unexpected growth in new home sales and orders for durable goods. The financial sector once again led the way in today’s rally, though Moody’s downgraded Bank of America’s (NYSE: BAC). Read More
The three major US stock indexes slipped after yesterday’s massive gains after the Federal Reserve called for expanded regulatory authority and ongoing uncertainties about the financial sector once again sank in. Read More
US Treasury Dept surged dramatically after the US Treasury Dept announced details of its long-awaited plan to disburden banks of so-called toxic assets, removing a major headwind to recovery. Not surprisingly, share prices in the financial sector posted massive gains, though questions remain how successful the program will ultimately prove. Read More
The fate of the US economy and the duration of the current downturn remain key to the performance of global stock markets; I’ve made an analysis of LEI a monthly feature of this e-zine. Since the latest reading was released Thursday, Mar. 19, 2009, it’s high time we took another look. Read More
The three major US stock indexes dropped, led by the financial sector, as comments from FDIC Chairwoman Sheila Bair revived concerns about the performance of mortgage and consumer loans in a deepening recession. Read More
US stocks failed to continue their upward momentum, with share prices in the financial sector selling off once again. Fundamentals in the banking industry remain shaky, a fact underscored by another increase in the number of people collecting state unemployment. Read More
US stocks gained for the second consecutive day after the Federal Reserve announced plans to purchase $300 billion in Treasury securities and up to $750 billion in agency mortgage-backed securities. Read More