The Asset-Lite Movement
By John Schroy, on March 17th, 2006 |

Federal Reserve national flow of funds accounts for the years 1995-2004 show that corporate tangible assets, as a percent of total corporate assets, dropped from 56.7% in 1995 to 49.7% in 2004. Tangible corporate assets would have had to been $1.4 trillion greater in 2004 to represent the same percentage of total assets as in 1995.
This is an indication of the success of the asset-lite movement and the pervasive flight from “asset-heavy endeavors”.
US Equity Market
By John Schroy, on March 6th, 2006 |

On January 28, 2006, an Associated Press dispatch proclaimed: “Corporate Earnings Good Despite Headlines”, stating that “corporate profits remain very healthy overall, and the majority of corporations are beating expectations.” Are these assertions true and does this mean that the outlook is rosy for the average investor in US equities? This article argues that the answer depends on who you are.
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