You assume there are other more profitable ventures out there. It appears, from the actions of investors and central banks, concerns that provide a return where you'd worry about the opportunity cost of not investing in them are few.
See: Europe stagnation, U.S. Fed holding interest rates down, negative interest rates, Japan, Brazil, and now China's massive slowdown.
The comment by meric above seemed to be making a claim ("If there's positive (accounting) profit, it's worth doing!") about the general case, in which case opportunity cost is an important element.
If the claim was meant to be narrowly about this particular situation, then I still think a note that opportunity cost is likely to be low is an important piece of the analysis.
I never said (and did not mean to imply, and don't think I did) that including it would change the conclusion - just that omitting it left the argument incomplete.
Comments
You assume there are other more profitable ventures out there. It appears, from the actions of investors and central banks, concerns that provide a return where you'd worry about the opportunity cost of not investing in them are few.
See: Europe stagnation, U.S. Fed holding interest rates down, negative interest rates, Japan, Brazil, and now China's massive slowdown.
You seem to have misread my comment.
The comment by meric above seemed to be making a claim ("If there's positive (accounting) profit, it's worth doing!") about the general case, in which case opportunity cost is an important element.
If the claim was meant to be narrowly about this particular situation, then I still think a note that opportunity cost is likely to be low is an important piece of the analysis.
I never said (and did not mean to imply, and don't think I did) that including it would change the conclusion - just that omitting it left the argument incomplete.