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...And now it will be fiendishly difficult to help worthy US companies — by supporting corporate bond prices and extending loans — without also aiding corporate zombies and the investments of wealthy private...
...The alternative is a plague of zombies, sitting in legal limbo, that saps economic growth, erodes enterprise values and creates more investor uncertainty....
...This has prevented a freeze in markets such as treasuries and municipal bonds. It has also boosted corporate bond prices, enabling many investment grade companies to raise funds....
...(The zombies got in, eventually. They usually do). Pubs are a key part of Britain’s offering to international tourists too....
...In effect, it helped freeze the existing industrial structure and caused resources to be misallocated....
...(NYT Dealbook)(Bloomberg) One in 10 British businesses are so-called “zombies” being kept alive due to ultra-loose monetary policy and the reluctance of lenders to write-off bad loans....
...A crash in confidence has put a freeze on liquidity, exacerbating recessionary pressure and making prospects for recovery uncertain....
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