Wednesday , September 18 2019
Home / David Stockman's Contra Corner / Ford Heads To The Junk Yard

Ford Heads To The Junk Yard

Summary:
Moody's Investors Service cut Ford Motor Co's bond rating to junk status, citing weak cash generation and a yearslong restructuring plan that the auto maker is undertaking just as the car market softens globally. https://www.wsj.com/articles/moodys-cuts-ford-bond-rating-to-junk-status-11568067924?mod=lead_feature_below_a_pos1

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Something Just Snapped: Chaos Hits Repo Market As “Dollar Funding Storm” Makes Thunderous Landfall

David Stockman writes Revenge Of The Tinfoil Hats—DOJ Says Precious Metals Markets Were Rigged!

David Stockman writes Mind The Small Fry: NFIB Survey Shows Business Activity Is Cooling Among The Job Creators

David Stockman writes The Global Dollar Squeeze Unmasked

Moody's Investors Service cut Ford Motor Co's bond rating to junk status, citing weak cash generation and a yearslong restructuring plan that the auto maker is undertaking just as the car market softens globally.

https://www.wsj.com/articles/moodys-cuts-ford-bond-rating-to-junk-status-11568067924?mod=lead_feature_below_a_pos1

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *