‘And too, because of low interest rates, high quality investment grade corporations have borrowed hundreds of billions of dollars, but instead of deploying the funds into the real economy, they have used the proceeds for stock buybacks.’

Continuing his health analogy, Gross said the concept of ‘feeding a fever’ through low interest rates was failing badly. ‘Low interest rates may not cure a fever – they may in fact raise a patient’s temperature to life threatening status.’

- Bill Gross: zombie companies now roaming the real economy, CityWireGlobal.com, July 31, 2017.

本文仅代表作者本人观点，与本网立场无关。欢迎大家讨论学术问题，尊重他人，禁止人身攻击和发布一切违反国家现行法律法规的内容。

About the author:

Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.

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