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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (112837)8/3/2015 3:55:16 PM
From: Snowshoe  Respond to of 217917
 
Bill Gross: Low interest rates have created ‘zombies’ instead of curing the economy
marketwatch.com

Years of low interest rates have gradually created a horde of zombie corporations, and central banks need to realize that near-zero rates aren’t a cure for what ails the economy, wrote Bill Gross in his most recent letter to investors.

“Because BB-, B-, and in some cases CCC-rated companies have been able to borrow at less than 5%, a host of zombie and future zombie corporations now roam the real economy,” the bond guru and portfolio manager at Janus Capital said in his August letter.