Zombie Companies have risen to all-time highs due to cheap money and high liquidity. Endless refinancing perpetuates overcapacity and incentivises low productivity.
…And you wonder why salaries don't rise.
(source BIS) pic.twitter.com/UqLdfDq4BC
— Daniel Lacalle Official Account (@dlacalle_IA) March 14, 2018
https://twitter.com/OccupyWisdom/status/973863037756170241
Chart: The Treasury curve flattening again – pic.twitter.com/j6Edjs8jqN
— (((The Daily Shot))) (@SoberLook) March 13, 2018
https://twitter.com/OccupyWisdom/status/973714120095731714
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