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How Zombie Companies Are Robbing Tomorrow’s Economy

Written by:
Aeon Flux
Published on:
16 September 2020
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Sep 15, 2020 at 19:00 UTCUpdated Sep 15, 2020 at 19:13 UTC

breakdown-9-15

(VectorPocket/Getty Images)

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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • MicroStrategy increases its bitcoin reserves by $175 million 
  • The Oracle-TikTok deal starts to smell fishy
  • The SEC is investigating claims of fraud involving Nikola Corp.

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:

  • Why there are more zombie companies than ever
  • The negative impact they have on the economy
  • How they could drive a new financial crisis 

See also: How Monetary Policy Undermined American Resilience

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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