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Friday, February 2, 2018

The Market And Energy Page, T+12 -- February 2, 2018

Ford: selling $100,000 SUVs faster than they can make them. What a great country.

January auto sales: January, down.

Tesla: slashes return on bonds; investors "can't get enough of them" -- Bloomberg; sold $546 million of auto lease-backed bonds; the article doesn't say, but a fairly recent article suggested that slightly more than 50% of Tesla deliveries are leases.

Hostess Brands: $1.250 bonuses; and free snacks under Trump. Under Obama, Hostess Brands declared bankruptcy.  Don reminded me that under Obama's oppressive regime (high taxes; heavy regulation), Hostess Brands declared bankruptcy.

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