See my response when you asked this question a month ago: 
https://esdiscuss.org/topic/promises-vs-streams#content-5 Especially, follow 
the links.

To correct a few misconceptions:

> streams analogous to a list of values

there are many things in the async/plural category, not just streams

> Async generator (https://github.com/jhusain/asyncgenerator) returns Observable

Or it could return an async generator object 
(https://github.com/zenparsing/async-iteration/). The async generator <-> 
Observable proposal is just a proposal.

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