Yep. A ton of companies raised a boatload of money in 21/22 to “ride out the storm”, and I think many of them are zombie firms who will collapse when they run o

Yep. A ton of companies raised a boatload of money in 21/22 to “ride out the storm”, and I think many of them are zombie firms who will collapse when they run out of the excessive runway that they have. I keep wondering whether this will attenuate any recession and actually smooth out the badness or if it just means we’re on for an extended storm.