ML-Implode News - Bill Gross says Fed recognizing zero percent rates causing harm to U.S.

What was equally troubling, Gross said, is that because double-B and single-B rated and in some cases triple-C rated companies have been able to borrow at less than 5 percent, "a host of zombie and future zombie corporations now roam the real economy."...
Such rates, the BIS claims, "sap banks' interest margins...cause pervasive mispricing in financial markets...threaten the solvency of insurance companies and pension funds...and as a result test technical, economic, legal and even political boundaries," Gross said.

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Bill Gross says Fed recognizing zero percent rates causing harm to U.S.