Are Corporate Bonds A Leading Indicator Of The Equity Markets???

Western economists used to say that zero percent rates were a weird and unique thing you only saw in Japan — like people eating raw puffer fish and hoping not to die. It would never catch on over here, they said.But the Bank for International Settlements — the central banks’ central banks — says there is something to worry about, and it’s the reason that economic growth, inflation and interest rates can’t get off the ground: zombies.These “zombie” companies can stay alive — or whatever the correct term is for zombies — if they can just keep borrowing. Bankers call

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