The United States was waiting for the zombie apocalypse. The country was given a coronapocalypse instead. But could the two events merge and provide the nation with a dangerous economic trend? Corporate America’s worst-kept secret had been the swelling number of zombies kept on life support and hidden away during the boom phase of the business cycle. Now that the coronavirus pandemic has exposed the fault lines underneath the economy, the zombification may accelerate due to a toxic concoction of Federal Reserve stimulus and congressional relief. Will zombies leave their graves, searching for freshly created US dollars and feasting on the carcass of the ailing marketplace?
The Walking Dead
A zombie company is a business that requires perpetual bailouts to keep its

Forget performing William Shakespeare’s Macbeth. The real art form is politicking. They sport taxpayer-funded windbreakers, speak with authority and urgency, and lead a brigade of specialists. When a crisis unfolds, whether it is a hurricane or a virus outbreak, politicians stand before the cameras, appearing to be in control of the situation—but they see an opportunity. As the catastrophe intensifies, the public recoils in fear and cowers before their dear leaders, amid uncertainty and upheaval. Does being a master performer transform a politician into an apotheosis?
The Deification of Politicians
Governors and mayors have been on top of the emergency response to the coronavirus pandemic since the very first confirmed cases were reported in their jurisdictions.

Wouldn’t you feel great knowing that your stock picking is fully insured by the Fed? Billionaires and wealthy hedge fund managers know the feeling.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Original Article: “Why Markets Are Rallying as Millions Become Unemployed”

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[unable to retrieve full-text content]The US economy is imprisoned, most of the population is under house arrest, and the inmates in Washington are running the asylum. And yet while the nation appears to be walking the green mile, investors residing in the Wall Street cell block have been extended pardons from the market gods.

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