"Creative Destruction Is Dead": Powell Has Spawned An Army Of Zombies
May 19th 2020 6:05pm EDT
“Creative Destruction Is Dead”: Powell Has Spawned An Army Of Zombies Tyler Durden Tue, 05/19/2020 – 18:05 Heading into 2020, the number of zombie companies – corporations whose cash flow is not sufficient to even cover their interest expense yet which survive thanks to record low interest rates and central bank generosity – was already […]
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