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You’re conflating liquidity with solvency. The problem isn’t a lack of cash on hand, it’s assets that have fallen in value. Saying that they money will be there
by bradleyjg 3y ago
You’re conflating liquidity with solvency. The problem isn’t a lack of cash on hand, it’s assets that have fallen in value. Saying that they money will be there, it just takes a bunch of time, denies the reality of the time value of money. A stream of payments of $10/year for ten years is not worth $100. Never has been.