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We already have zombie companies with 10 years of 0 rates. This was exposing that. Once you start with this shit, you never get out of it. The market starts p
by onlyrealcuzzo 7y ago
We already have zombie companies with 10 years of 0 rates.
This was exposing that.
Once you start with this shit, you never get out of it. The market starts pricing it in, and if you ever try to back off, asset prices fall, and that's the end of the world to the 0.001%.
See us with 0% rates since 2008. See Europe with negative rates since 2012. See Japan since 1989.
We will have a zombie economy if this happens, just like Japan.