Zombie company?_其他_趣味英语-查字典英语网

Zombie company?

In our example, it appears the government is now ready to let big Chinese zombies go.

Well, for one thing, this isn’t the first time I’ve heard it. I, yours truly, have probably been around too long.

Joking aside, I mean, I’ve heard this before and so I’ll refrain from further comment. Let’s just say that I’ll believe it when I see it – that, this time, zombies will really be allowed to make do or die.

Anyway, here are media examples of zombies roaming the marketplace:

1. The term dates back to the 1987 when Edward Kane, of Boston College, referred to American savings and loans institutions that had effectively been wiped out by commercial-mortgage losses, but were allowed to continue operating, because regulators had hoped there would be a market rebound. Unfortunately, things continued getting worse and zombie companies’ losses soon tripled.

Mr. Kane said:

“These institutions have very distorted incentives, just as the zombies do in the horror movies.”

The media gave the term renewed popularity following the 2007/2008 global financial crisis when several companies in North America and Europe received bailouts, and hundreds of thousands of others found themselves trapped in a seemingly bottomless pit of high debt.

- What is a zombie company? MarketBusinessNews.com, undated.

2. You may have seen zombies in horror movies - the bodies of lost souls, neither alive nor dead - but experts are increasingly talking of a zombie colony in the UK economy, which is expanding and threatening to impede recovery and a return to growth.