… Roubini whose prescience on the housing-bubble crash of 2007 to 2008 earned him the nickname Dr. Doom, said that those expecting a shallow U.S. recession should be looking at the large debt ratios of corporations and governments. As rates rise and debt-servicing costs increase, “many zombie institutions, zombie households, corporates, banks, shadow banks and zombie countries are going to die,” he said. “So we’ll see who’s swimming naked.”
I find it a little odd that the Star published this given Trudeau has turned Canada into a Zombie country.
