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If you’re worried about the Credit Crunch, then Ford debt nearing junk status is a bad sign

I've written more than once about my conviction--and consequent worry--that we're headed for a global credit crunch sometime in the next three to four years. I'm looking for the kind of Minsky Moment that sees financial markets go into chaos as global liquidity temporarily dries up. But I haven't yet pulled out of the financial […]

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