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Zombie Companies From Bad to Worse
Zombie companies are businesses that can't pay off their debts with their earnings. Jim Grant thinks these companies might face huge extra interest costs, like adding up Germany and Japan's economies. As interest rates go up, it could push these companies into trouble and cause a recession.
Watch more of this short video from Expect Gargantuan Stimulus When 'Something Breaks' Under Today's High Rates | Brien Lundin.
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