‘Zombie’ companies already make up 11.5% of U.S. listed stocks

About 11.5% of listed U.S. stocks already belong to a large network of “zombie” companies that have consistently earned less than they owe in interest costs, according to a tally from Glenmede.

While that might not sound ideal, higher bond yields or a recession could make a potentially ugly situation for investors even worse.

“The combination…