Bruce Flatt is apparently downright giddy about about the dramatic downward change
in direction of global interest rates on the value BAM's assets under control.....
And quote - lol.....
"This situation comes into our results in two ways. First, with the 10-year in the
US now at 1.7% and negative out to 30 years in Europe and Japan -- I am going to
say that one more time -- negative out to 30 years in Europe and Japan, the value of
assets should be re-rated to higher values in that environment."......and so I
conclude things are looking up for BPY's stock price.
Vette