‘Superfirms’ And ‘The Rise Of The Zombies’

‘Superfirms’ And ‘The Rise Of The Zombies’

Ok, dammit. It's been clear for years that excessive and prolonged central bank accommodation has paradoxically served to create a disinflationary impulse in some sectors of the economy. Nowhere is this more readily apparent than in the US energy complex. Otherwise insolvent production was allowed to effectively hibernate - as opposed to going out of business - during the downturn in oil prices thanks to wide open capital markets. With investors starving for any semblance of yield, markets
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