The zombie companies
How much should we worry about companies that depend on easy credit?
Unhedged · Financial Times & Pushkin Industries
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Show Notes
As interest rates rise, funding for a lot of marginally profitable companies is drying up. These corporate “zombies” are wandering the markets, looking for the cheap credit they used to feast on. Today on the show, we take a look at companies on the edge of life and the private equity giants that own some of them. Also we short OpenAI and regrettably go long Covid.
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