The Wages Of Ultra-Low Interest Rates: Growth-Killing Corporate Zombies

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.

No, I’m not making this up.The BIS says there are way too many zombies around, and they’re killing the economy, and it’s all the fault of low interest rates. We’re talking “corporate zombies,” of course.