Re:Yield curve is blaring loudest recession warning since 2007
by panarky on Monday August 05, 2019 @07:53PM
(#20620571)
Sure, the present value of an asset is the discounted sum of future cash flows.
But if there is no expectation that shareholders will actually receive any of the future cash flows, then there are zero future cash flows to discount.
But if there is no expectation that shareholders will actually receive any of the future cash flows, then there are zero future cash flows to discount.