That imbalance of eagerness between buyers and sellers has clearly affected prices of risky assets, but it does not generate new cash flows - it simply raises the valuation that the market places on existing streams of future cash flows, and thereby lowers the subsequent rate of return on holding those securities. (hussman.net)
The technical problems present trouble for AT&T, which will have a difficult time competing with existing streaming services if users continue to have trouble while trying to watch DirecTV Now. (ibtimes.com)
Excess rock (mine «spoil») is pushed into adjacent valleys, where it buries existing streams. (science.sciencemag.org)