Jason Burack: Wall Street Banks Want To Sell Lots More Corporate Bonds Despite Alarming Rise of Zombie Companies

Wall St. For Main St., Released on 12/1/20

Wall Street banks say that subzero yields are good for selling even more corporate bonds and corporate credit? www.marketwatch.com/story/neg…

WAIT WHAT???

Only a few weeks ago, Jason explained the entire Wall Street bank bond selling scheme that is back after the Fed unfroze credit markets in March and April.

But recently, we have found out that there is a staggering amount of large, publicly traded companies listed on US stock exchanges that are considered zombie companies and cannot even service their debts! America’s Zombie Companies Have Racked Up $1.4 Trillion of Debt finance.yahoo.com/news/americ…

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And yet Wall Street banks want to sell even more bonds and credit to them for high fees, sales commissions and bonuses?

Daniel LaCalle’s Mises Institute article from a few years ago about EU zombie companies: The Rise of Zombie Companies — And Why It Matters mises.org/library/rise-zombie…

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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