We have heard of zombie banks, zombie finance, zombie money. We’ve seen zombie movies, played zombie games. Now we are faced with a fleet of zombie ships dropping anchor: People are afraid these ‘zombie ships’ are the first sign of global economic collapse
Photo: An abandoned cargo ship in the polluted Guanabara Bay on July 3 ahead of the Rio 2016 Olympic Games
The overall picture doesn’t look too good. Are we headed towards a zombie future and a zombie apocalypse? See also: ‘Zombie Ships’ Mask Parlous State of Container Shipping Industry
Think about it. If it is now unprofitable to move stuff about on the water (in the amounts necessary to sustain a globalised economy), what does that do for globalisation?
No globalisation -> no oil or petrol -> no imported food -> no exports -> no movement of anything (other than locally) -> no government income -> no municipal, state or federal services -> no jobs -> no internet -> no social media -> no electricity -> no tap water -> no sewage disposal -> no garbage collection -> no health service (oh, I already covered that, so no point me continuing, though the list goes on and on…)
I forgot. No taxes. That’s the bright side. Well, not really, since also no income.
Get the picture? 2016 – The year the darkness begins (I think I may now be so bold as to say)

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Interesting. I knew nothing of that. Another nail in the coffin?
Indeed. Well, we can hope.
I came across another term also yesterday. Was going to save it for later but it may as well go here: http://www.bloombergview.com/articles/2016-01-20/japan-must-let-zombie-companies-die A zombie company is defined as one that is able to pay the interest on its debts but will never be able to repay the principal, or a company that needs constant bailouts in order to operate.