liquidity is a yield which is non-pecuniary, ie not a cash-flow. the idea basically is that for a monetary asset you forgo some return in exchange for liquidity
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Sure, but that doesn't say anything about mimetic desire. The motivation for the underlying cash flows are still mimetic desire other than the most basic instinctual needs.
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also you mentioned that stocks and bonds were not purely mimetic. how so? and money is? how are you distinguishing money from other credit instruments?
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Yes, because you can do fundamental analysis for of companies for stocks and bonds. Money is the medium of exchange (mimetic/reciprocal behavior in the domain of valuation) itself.
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now we get to the meat. what do you mean by "fundamental anaysis"?
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Same question and reply as here:https://twitter.com/MimeticValue/status/1016741475953102861?s=19 …
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