How To Spot A Zombie

Zombie money is what you’re left with if you don’t restructure debts and financial institutions. If you don’t do that, any public money you provide to banks through QE or other stimulus measures is not real in the sense that it can be freely spent or lent out, because at the other end of the ledger it’s balanced out (and more) by the unrecognized losses that remain in the books. As long as there’s no restructuring, it may plug holes below ground, but because of the size of the holes, above ground it builds only zombies. That is the essence of the financial crisis, and none of it has been resolved.

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3 comments on “How To Spot A Zombie
  1. Bruce says:

    I’m guessing that a pic of Nouriel transforming into a zombie wouldn’t result in 10% of the hits.

    Tricked by the cover yet again!

  2. BankingThiefs says:

    We’re following Japan down the 20 year rabbit hole into Alice in Wonderland economics.

    You cannot have capitalism without failure. Assets from the weak hands need to be liquidated and bought by strong hands in order to have growth.

  3. seon company says:

    e ahve been hearing about Zombies for years now. When is this s’~t going down people. I’m ready, I’ve been ready since 08!

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