Business
The Problem with Zombie Companies
Sonja Gibbs, Institute of International Finance Managing Director and Head of Sustainable Finance, explains and breaks down the influence of zombie companies and their impact on the markets.
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Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television.
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Treasuries led a global bond rally as a selloff in artificial-intelligence shares deepened, spurring demand for havens from a growth slowdown. A measure of CoreWeave’s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines. We get reaction from Bloomberg Tech host Ed Ludlow. Steve Kaplan of JPMorgan Asset Management joins to discuss trends in portfolio diversification. Bloomberg’s Austin Carr examines Marc Andreessen’s rise as a MAGA power player ahead of midterms. Plus – US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. We examine what it could mean for monetary policy with Frank Monkam, Bloomberg News Macro Strategist. All on the latest episode of Bloomberg Businessweek Daily.
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A rout in Asian chipmakers led the MSCI Asia Pacific Index to its lowest since August as investors grow uneasy about whether massive AI spending will pay off. Matthew Bloxham of Bloomberg Intelligence has more.
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@kennethdunn7448
December 19, 2023 at 9:47 pm
ƪ(‾.‾“)┐
@asif4u18
December 19, 2023 at 9:47 pm
She’s good
@tombouie
December 19, 2023 at 9:47 pm
The Zombie Apocalypse is a-coming (!whooooo! 😉
@seth_sesu
December 19, 2023 at 9:47 pm
The reason for low / negative interest rates was fundamentally about mobilizing cash. Particularly from cash hoarders.
A more effective solution would be to raise taxes on these hoarders (wealthy institutions and families) up from their 80-year low, back to something resembling sanity and redistributing that cash to cash-spending consumers through debt forgiveness, free healthcare, free school, etc. Then consumers, armed with spending power, can show you which companies are actually not zombies / producing valuable output.
@ADHD55
December 19, 2023 at 9:47 pm
Half of American companies are zombies
@stanleyg7017
December 19, 2023 at 9:47 pm
politics are zombies right know with the current Presiden 😕
@DaS4in7
December 19, 2023 at 9:47 pm
Lmftfy – What is a zombie bank?
@leovenier1011
December 19, 2023 at 9:47 pm
Hard to predict the Fed's policy doing anything for world growth to prevent wars so we can grow live in peace ✌️. their are going to be winners and losers
@eyelovecolorado2195
December 19, 2023 at 9:47 pm
Sonja looks like a zombie. LOL
@xpengfangirl7942
December 19, 2023 at 9:47 pm
the economy is healthy, 1000 humans own it, many chinese and russian, who just want AI to take over human jobs, so the economy can be healthier (them), humans are just sheep
@christianduval9067
December 19, 2023 at 9:47 pm
Here in Canada…they are all zombies companies……AirCanada is the biggest one……
@jesuschrist8
December 19, 2023 at 9:47 pm
Low interest rates discourage savings. That's not a good public policy.
@bannanaramaify
December 19, 2023 at 9:47 pm
xela would fit this definition
@kaymish6178
December 19, 2023 at 9:47 pm
LOL at this lady. says zombie companies are ones with high debt then lists a company that has no debt as an example…
@GaryTruesdale
December 19, 2023 at 9:47 pm
Duh
@paultravers8581
December 19, 2023 at 9:47 pm
So to translate, we kicked the can down the road since 2008 now the piper needs to be paid and it's game over.
@LurchLures
December 19, 2023 at 9:47 pm
The people responsible aren't the Fed. It the Company Execs. These zombie companies need to go bust. The Banks, company shareholders and bondholders need to lose all their money. If a few ex. Execs later get the Vito treatment from disgruntled investors then there would be less chance of this happening again. That's how capitalism is supposed to work. Bailing out bust companies is communism, of the dirty corrupt sort.
@on2thenextthing
December 19, 2023 at 9:47 pm
If you're looking for zombies look no further than the Biden admin.
@mvs9122
December 19, 2023 at 9:47 pm
Am I wrong to say that feds low rate policy was really dumb? She is such an excellent speaker
@redpillrenaissance3153
December 19, 2023 at 9:47 pm
This will be a crash if the Fed NORMALIZES interest rates to 5% or greater. Since 2008, the Fed has implemented Emergency Monetary Policies of 0% interest rates and QE money printing of trillions annually! It is insane that people thought the Fed could just keep Emergency Monetary Policies FOREVER! Most pundits are hoping the Fed will “pivot” and return to Emergency Monetary Policies of 0% interest rates and QE money printing of trillions annually for ANOTHER 14 years! It seems as if Mainstream Media is brainwashed and has guzzled the Fed Koolaid!
America used to be the “Wealthiest Country in the World” when we were on a Sound Money Silver and Gold Standard! After the Gold Window was TEMPORARILY closed in 1971, America has become “The Most Indebted Country in World History!” The Dollar was originally and ounce of silver. Now, a dollar IS DEBT!
Solution
1 End the Fed and all Central Banks!
2 Return to Free Market Capitalism with NO Crony Capitalist / Corporate Socialist bailouts and NO Fed Put market manipulation!
3 Return to a Sound Money Silver and Gold Standard like the Founding Fathers intended!
@kazundogouda1786
December 19, 2023 at 9:47 pm
It is America Incorporated excluding Apple!
@oc7414
December 19, 2023 at 9:47 pm
Zombie Governments too!
@tedchyn
December 19, 2023 at 9:47 pm
very well explained.
@michaelparker3188
December 19, 2023 at 9:47 pm
Excellent analyst!😎
@harrychu650
December 19, 2023 at 9:47 pm
US Zombie Companies include Ford, GM, Boeing, all of the Airlines, and most of the "blue chips." The healthiest companies are the Mega Caps like Tesla.
@libertysprings2244
December 19, 2023 at 9:47 pm
I disagree that they had to lower rates. It was a choice they made to punish savers. If savers got 5%+ on their savings to better match true inflation the past 10 yrs, they could spend more on donations and vacation and things to stimulate the economy. Giving the money to zombie companies and real estate bubbles through the low rates isn't necessarily the better choice
@libertysprings2244
December 19, 2023 at 9:47 pm
One problem is those companies are taking workers that other better businesses need right now.
@johnmerlino7011
December 19, 2023 at 9:47 pm
The Fed should stop buying 10yr bonds to suppress bond yields so that these Zombie companies fail. Let the 10 year treasury bond yields spike naturally!
@joshingaboutwithjosh
December 19, 2023 at 9:47 pm
Zombies; fake it til you brains
@deesus1085
December 19, 2023 at 9:47 pm
These companies need to go! FED should’ve never bought their bonds up. Clowns.
@bertbeck7399
December 19, 2023 at 9:47 pm
Zombie?
@lukedziuball2298
December 19, 2023 at 9:47 pm
Why is that Wi$ch giving examples… Could it be that somebody is (STILL) shorting & paying for coverage…. BUT THAT DECEPTIVE PROGRAMMING IS ILLEGAL…
@googlebanmetoomuch2601
December 19, 2023 at 9:47 pm
Sounds like a bunch of small businesses 🤭
@lukedziuball2298
December 19, 2023 at 9:47 pm
Zombie U.S.A Corp.
@excellentsmithers6417
December 19, 2023 at 9:47 pm
Good report. Not 100% but very close.
@karendylon9867
December 19, 2023 at 9:47 pm
Honestly crypto is worldly acceptable and profitable I’m absolutely glad making 22 percent weekly profit of my invested capital.