"When the failure of zombie companies begins, it is likely to be ‘on steroids’ due to the effects of the electricity and gas price shocks."
Steroids mean those zombies are resting above, in astrophysics terms sort of "false vacuum on Mexican hat curve", i.e. market believes zombies somehow cannot go under. In addition to electricity and (natural) gas I'd like to mention raw materials and logistics. BR JKi
"When the failure of zombie companies begins, it is likely to be ‘on steroids’ due to the effects of the electricity and gas price shocks."
Steroids mean those zombies are resting above, in astrophysics terms sort of "false vacuum on Mexican hat curve", i.e. market believes zombies somehow cannot go under. In addition to electricity and (natural) gas I'd like to mention raw materials and logistics. BR JKi