2019 Flood Of Bankruptcies From Zombie Companies as The Debt Bubble Bursts (Video)
2019 Flood Of Bankruptcies From Zombie Companies as The Debt Bubble Bursts Video – Silver Report
Economic collapse news. A zombie corporation is a corporation whose profits are less than interest expenses. In a study by the BIS it showed just how bad zombie corporations had become that was in 2015. 2015 is before the Interest Hike campaign. If they were unable to service their debts even then , just imagine what the change in 6-month LIBOR from 0.38% to 2.9% has done to them. Just think what it’s done to the firms that weren’t zombies then at 0.38%, but are now at 2.9%. Either way prepare for waves of bankruptcies as more and more corporations meet the end of their debt fueled frenzy.