Maybe the good folks gathered in Davos should shun Greta and listen to these people.
Anne Walsh, Guggenheim’s fixed-income chief, said in an interview that 15% of the U.S. economy is already in recession. She said the Federal Reserve’s efforts to pump liquidity into markets has created “zombie companies” that may see an outflow of capital as the utility of that money continues to diminish, she said.
Zombie companies, ponzi schemes, 15% already in, and memories of a recession they tried to delete. Of course, having caused all of this, they know but don’t care.