The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention.
Our main discussion: The rise of zombie firms.
A zombie firm is a company that can’t afford to service its debt from operating income. These companies are made possible by artificially low interest rates, and they drain resources from the economy.
On today’s episode, NLW explains:
Author: Nathaniel Whittemore ::: Source link
