The zombie economy is on its last legs as is evidenced by companies like Walgreens, which find themselves strapped for cash, loaded with debt, and on the brink of bankruptcy.
This puts the Fed in a catch-22; let them fail or turn the money printer on.
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See also: Red Lobster. Went bankrupt because PE sold all the real estate from under their restaurants to make a quick buck. When the pandemic hit, they couldn’t make the rent.
Read the book, "These Are the Plunderers: How Private Equity Runs—and Wrecks—America" by Gretchen Morgenson.
PE is ruining everything. Their latest target the last decade has been medical industry and nursing/assisted living homes.
It's going to be a disaster in a decade or less.
Sadly the cause here is the fiat system - these people are incentivized to harvest fiat fast and let the businesses die (all in the name of efficiency of course).
Zach Bryan is some good shit
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