% of Zombie Companies in Russell 3000 Equivalent

% of Zombie Companies in Russell 3000 Equivalent The number of zombie companies in the United States is growing, due to the government’s response to the coronavirus crisis. Image: Financial Times

Wave of Zombie Companies in Europe

Wave of Zombie Companies in Europe Zombie companies in Europe are back on the rise, thanks to an unprecedentedly easy monetary policy. Image: BofA Global Research

Share of U.S. Zombie Companies

Share of U.S. Zombie Companies The cost of extended monetary easing: low interest rates have created zombie firms. Image: Deutsche Bank Global Research

S&P 500 vs. Zombie Companies

S&P 500 vs. Zombie Companies Zombie companies have outperformed the S&P 500 by a wide margin in April and May. The process of creative destruction is not taking place, thanks to the Fed and the government. Image: Arbor Research & Trading LLC

S&P 500 vs. U.S. Zombie Companies

S&P 500 vs. U.S. Zombie Companies U.S. zombie companies have significantly underperformed the S&P 500. Image: Arbor Research & Trading LLC

U.S. Zombie Companies and Wilshire 5000

U.S. Zombie Companies and Wilshire 5000 Since the Fed ended QE in 2014, U.S. zombie companies have underperformed the stock market. Image: Arbor Research & Trading LLC

U.S. Zombie Companies and Fed Ended QE

U.S. Zombie Companies and Fed Ended QE Since the Fed ended QE, U.S. zombie companies have underperformered the market. Image: Arbor Research & Trading LLC

Zombie Companies in Europe

Zombie Companies in Europe After years of unprecedentedly easy monetary policy, zombie companies in Europe are back on the rise. Image: BofA Merrill Lynch Global Research