Zombies 🧟 are increasing because the government is bailing out corporations. My favorite type of socialism!
A zombie is a company that needs bailouts to operate or an indebted company that can repay the interest on its debts but not repay the principal.
The Federal Reserve is creating money 💸, destroying the dollar value.
Then lending cheap debt out to companies that highly likely will need more bailouts and probably will not repay their principle ever.
The excuse is to prevent massive job losses, but CEOs are being paid millions. 🤑
Zombie Companies are less productive, and their existence lowers investment in and employment at more productive firms.
Ultimately lowers the growth rate of the economy. 💩