by BIS says that 12% of companies in the world are zombies and in the US 15% are zombies where their profits can't service the debts.Amazon is a trillion dollar company that makes no profits.To keep the whole thing going people are working harder and harder because they are so loaded up with debt.Manual workers are taking opiates to kill the pain of doing too much work as they can't stop because of their debts. There's an opiate epidemic in the US as people try to kill the pain. Everyone is in too much debt.Zombie banks, zombie companies, and zombie workers.The pension companies are feeding the zombies desperate to reach their pension obligations as interest rates are too low.Many companies only look profitable because of the stock buy backs. CEO's are getting super rich, but investment in
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
Amazon is a trillion dollar company that makes no profits.
To keep the whole thing going people are working harder and harder because they are so loaded up with debt.
Manual workers are taking opiates to kill the pain of doing too much work as they can't stop because of their debts. There's an opiate epidemic in the US as people try to kill the pain. Everyone is in too much debt.
Zombie banks, zombie companies, and zombie workers.
The pension companies are feeding the zombies desperate to reach their pension obligations as interest rates are too low.
Many companies only look profitable because of the stock buy backs. CEO's are getting super rich, but investment in their companies is at an all time low.
Something is going to go wrong, warns Mitch Feierstein.
A very interesting and entertaining Keiser Report, I thought.
In this episode of the Keiser Report, Max and Stacy discuss the kept alive on ‘free’ money leading to zombie corporations surviving on pension funds desperately resisting zombification and a work force kept alive with helpful injections of Narcan to revive from overdose. In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about tapering the ponzi, the rise of zombie corporations and their corpse like debt and whether or not the Fed will start buying stocks in the event of another crash.