News for hackers. Stuff that matters.

A comment on Is Productivity Growth Becoming Irrelevant?. Parent comment

Re:Is Productivity Growth Becoming Irrelevant? by drabiega on Sunday July 23, 2017 @07:54PM (#14835008)
This assumption breaks down for most financial assets. Both parties still think that they are gaining value, but one of them has to be wrong.
[ Parent | on HN ]
Re:Is Productivity Growth Becoming Irrelevant? by mattmcknight on Sunday July 23, 2017 @09:38PM (#14835361)
This is completely wrong. I sell stocks because I need cash. I make a loan because someone else needs cash. Liquidity preferences matter, volatility preferences matter, both parties can gain value.
[ Parent | on HN ]