Tags
bailouts, capitalism, corporate finance, debt, interest rates, monetary policy, Ruchir Sharma, stimulus, The Wall Street Journal, Those Stiubborn Facts, zombie companies
Share of publicly traded companies in the U.S. that were zombie companies*, 1980s: 2 percent
Share of publicly traded companies in the U.S. that were zombie companies, “by the eve of the pandemic”: 19 percent
*”[C]ompanies that, over the previous three years, had not earned enough profit to make even the interest payments on their debt.”
(Source: “The Rescues Ruining Capitalism,” by Ruchir Sharma, The Wall Street Journal, July 24, 2020, https://www.wsj.com/articles/the-rescues-ruining-capitalism-11595603720 )
RealityChek 