Zombies, everywhere!

And not just in banks, but throughout business and government!

As the sign says!As the sign says!
If you are looking for 'growth', that something promised by politicians but, so far, yet to appear then you will also be disappointed by the world of business. Recently the Daily Telegraph ran this article. And very interesting too, for a number of reasons. The basic information comes from the accountants Ernst and Young with direct quotes from Alan Hudson and Alan Bloom. The summary of which is -

that the financial crisis had created an environment where it is "too difficult to fail", with businesses being kept afloat to the detriment of the broader economy.

That's the sort of tease remark the man atop the Clapham Omnibus could savour, 'common knowledge', his every day language, has long held that there's something funny about the business world. Could this be it? E & Y go on to add -

so-called "financially undead" companies are clinging on, despite the recession, making markets and the economy inefficient. The expected jump in the number of companies falling into administration has not materialised

Then the article points the finger at the banks suggesting that they are 'under pressure'.

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