The percentage of companies that can't afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention.
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MicroStrategy increases its bitcoin reserves by $175 million.
The SEC is investigating claims of fraud involving Nikola Corp. Our main discussion: The rise of zombie firms.
A zombie firm is a company that can't afford to service its debt from operating income.
These companies are made possible by artificially low interest rates, and they drain resources from the economy.
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How Zombie Companies Are Robbing Tomorrow's Economy
Published on Sep 15, 2020
by Coindesk | Published on Coinage
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