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Wednesday, September 22, 2021

Too Much Stimulus is Causing the ‘Zombification’ of Capitalism: Sharma

Morgan Stanley Investment Management Chief Global Strategist Ruchir Sharma says that the surge in zombie companies is one of the unintended consequences of stimulus. He cautions that when zombie companies have easy access to capital, it can take a long-term toll on the economy because they drag on productivity. He joins David Westin on “Bloomberg Wall Street Week.”

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