U.S. Zombie Companies and U.S. 10-Year Real Yields

U.S. Zombie Companies and U.S. 10-Year Real Yields Chart showing that the percentage of zombie companies continues to rise as U.S. 10-year real yields fall. Image: Arbor Research & Trading LLC

U.S. Zombie Companies and Debt

U.S. Zombie Companies and Debt The cost of extended monetary easing: U.S. zombie companies have accumulated $1.4 trillion of debt. Image: Bloomberg

% 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

Drawdowns Since 2011: S&P 500 and Zombie Companies

Drawdowns Since 2011: S&P 500 and Zombie Companies Since the March lows, zombie companies have outperformed the S&P 500 by a wide margin in April and May. Image: Arbor Research & Trading LLC

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