Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. You can pull sub-categories from this feed by adding a ?tags=a,b,c,... style parameter. The category tags (which can be given as numbers or handles) are : id handle category description 1 housing_finance "Housing Finance News/ML-Implode Main" 2 hedge_funds "Hedge Funds News" 3 fed "The Fed, Central Banking and fin. reg." 4 foreclosures "Foreclosures (News)" 5 chavez "Hugo Chavez Watch (News)" 6 builders "Home Builders News" 7 banks "Banks News" 8 credit_bubble "Credit Bubble and Crash (News)" 9 peak_oil "Peak Oil and Energy Security (News)" 10 BRIC_v_us "BRIC countries vs. U.S. (News)" 11 gov_bk "Government Bankruptcy (News)" 12 mediawatch "Mainstream Media Watch" 13 Our commentary "IEHI Original Commentary" 14 rebalancing "Economic Rebalancing (News)" 15 pm "Precious Metals News" 16 inflation "Inflation and Deflation News" 17 nr "Natural Resources News" 18 consumer "Consumer Capitulation/Issues and Populism" 20 pe "Private Equity Implosion (News)" 21 recession "Recession/depression News" 22 ML_implosion "Mortgage Lender IMPLOSIONS" 23 HF_implosion "Hedge Fund IMPLOSIONS" 24 HB_implosion "Home Builder IMPLOSIONS" 25 Bank_implosion "Bank IMPLOSIONS" 26 ML_update "Mortgage Lender UPDATES" 27 HF_update "Hedge Fund UPDATES" 28 HB_update "Home Builder UPDATES" 29 Bank_update "Bank UPDATES" 30 RFWS "Radio Free Wall Street" 31 FHA "FHA and Mtg Regulation (News)" 32 martial_law "Martial Law/Big Brother/NWO Watch" 33 pension "Retirement Implosion (News)" 34 mtgindustry "Mortgage Industry (News)" 35 econlists "Econ insider lists" 36 iehi_fb "IEHI facebook feed" 37 robin_fb "robin facebook" 38 IEHItwitter "IEHI Twitter Feed" 39 ak_linkedin "akrowne LinkedIn (mtg industry)" en-us iehi-feed-63970 Fri, 25 May 2018 21:13:50 GMT Renters Become Majority in More than 20 Major US cities http://implode-explode.com/viewnews/2018-05-25_RentersBecomeMajorityinMorethan20MajorUScities.html iehi-feed-63969 Thu, 24 May 2018 19:32:31 GMT U.S. Sanction Power May Be Reaching Its Limit http://implode-explode.com/viewnews/2018-05-24_USSanctionPowerMayBeReachingItsLimit.html iehi-feed-63968 Thu, 24 May 2018 16:37:59 GMT Judges Sing The Theme To Rawhide As Foreclosure Defense Become Harder http://implode-explode.com/viewnews/2018-05-24_JudgesSingTheThemeToRawhideAsForeclosureDefenseBecomeHarder.html iehi-feed-63967 Wed, 23 May 2018 13:13:40 GMT Broward County Judicial Candidate Leonore Greller Pens Nutso Rant http://implode-explode.com/viewnews/2018-05-23_BrowardCountyJudicialCandidateLeonoreGrellerPensNutsoRant.html iehi-feed-63966 Wed, 23 May 2018 00:00:26 GMT House passes bank bill rolling back Dodd Frank rules; Goes to Trump for Signing http://implode-explode.com/viewnews/2018-05-22_HousepassesbankbillrollingbackDoddFrankrulesGoestoTrumpforSignin.html iehi-feed-63965 Tue, 22 May 2018 19:23:39 GMT Trader: Italy On Verge Of Inducing Fresh European Crisis http://implode-explode.com/viewnews/2018-05-22_TraderItalyOnVergeOfInducingFreshEuropeanCrisis.html It may be time to move on from rising Treasury yields and trade wars. An Italian-led euro crisis is on the verge of becoming the dominant theme for markets.

It turns out that the euro break-up trade isn't dead -- it's just been hibernating and is likely to return with a vengeance in the months ahead if the populists get their way.

Their proposed economic policies make no attempt at debt sustainability. Italy already has the largest absolute debt pile in the EU and the second-largest, after Greece, as a percentage of GDP, at 132%.

The coalition's plan sends the signal that it has no intention of ever paying back its debt. Things could spiral quickly because its fiscal promises will send BTP yields much higher, adding to refinancing costs and making the budgetary situation worse.

That creates a dilemma for the EU. Either fund Italy's largesse at the expense of every other member country, or kick Italy out of the euro.

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iehi-feed-63964 Tue, 22 May 2018 17:47:32 GMT Foreclosures Are Skyrocketing In These 12 Markets http://implode-explode.com/viewnews/2018-05-22_ForeclosuresAreSkyrocketingInThese12Markets.html iehi-feed-63963 Tue, 22 May 2018 03:05:39 GMT New York and the feds both want Pharma Bro's money first http://implode-explode.com/viewnews/2018-05-21_NewYorkandthefedsbothwantPharmaBrosmoneyfirst.html "Martin Shkreli has failed, neglected, or refused to pay in full the liability for the income tax year 2015," and he still owes the IRS $1,695,397, the court papers say.

Last month, then-Attorney General Eric Schneiderman said the state should be paid the remaining $480,000 of a $1.2 million 2016 tax bill before Shkreli starts paying his $7.3 million forfeiture tab because the state bill came first.

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If Shkreli can't come up with the cash to make the payments then the IRS will seek his other assets, including a one-of-a-kind Wu-Tang Clan album called "Once Upon a Time in Shaolin," a Lil Wayne album and a Picasso painting.

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iehi-feed-63962 Mon, 21 May 2018 18:28:53 GMT Mortgage Lenders Want To Bombard You With More Robocall Solicitations http://implode-explode.com/viewnews/2018-05-21_MortgageLendersWantToBombardYouWithMoreRobocallSolicitations.html iehi-feed-63961 Mon, 21 May 2018 14:32:51 GMT 'The Day that We Can't Protect Human Sources': The President and the House Intelligence Committee Burn an Informant http://implode-explode.com/viewnews/2018-05-21_TheDaythatWeCantProtectHumanSourcesThePresidentandtheHouseIntell.html iehi-feed-63960 Mon, 21 May 2018 02:49:00 GMT Union Official Roland Bedwell Sentenced To Prison For Extortion http://implode-explode.com/viewnews/2018-05-20_UnionOfficialRolandBedwellSentencedToPrisonForExtortion.html iehi-feed-63959 Sun, 20 May 2018 18:01:09 GMT Please, I'm Begging You, Forget The Economy | Lee Adler http://implode-explode.com/viewnews/2018-05-20_PleaseImBeggingYouForgetTheEconomyLeeAdler.html Anticipating policy change really isn't necessary. Market actors don't discount the future very well, if at all. The market responds to actual, not anticipated changes in liquidity. We can usually wait for the policy announcement to be sure. The markets can't sustain a reversal until the money is there. In other words, money talks!

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Massive Treasury supply will put downward pressure on the prices of all financial assets, not just Treasuries. Under QE, the Fed was funding all new Treasury supply. Under QT (Quantitative Tightening) it is actually adding to supply at the same time as it is pulling money out of the banking system. It's very bearish.

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iehi-feed-63958 Sun, 20 May 2018 17:59:10 GMT China Shoots Down Trump's $200 Billion Trade Target; But Gets "Pause" In Tariffs Anyways http://implode-explode.com/viewnews/2018-05-20_ChinaShootsDownTrumps200BillionTradeTargetButGetsPauseInTariffsA.html iehi-feed-63957 Sun, 20 May 2018 13:25:30 GMT Insurance Company Bookkeeper Ordered To Pay Back $3 Million http://implode-explode.com/viewnews/2018-05-20_InsuranceCompanyBookkeeperOrderedToPayBack3Million.html iehi-feed-63956 Sat, 19 May 2018 15:00:00 GMT Michigan Foreclosure Solutions You Need To Save Your Home http://implode-explode.com/viewnews/2018-05-19_MichiganForeclosureSolutionsYouNeedToSaveYourHome.html iehi-feed-63955 Fri, 18 May 2018 15:25:05 GMT A Liquidity Crisis of Biblical Proportions Is Upon Us http://implode-explode.com/viewnews/2018-05-18_ALiquidityCrisisofBiblicalProportionsIsUponUs.html iehi-feed-63954 Fri, 18 May 2018 15:00:00 GMT Crude oil may be above $70 but the US frackers are still struggling http://implode-explode.com/viewnews/2018-05-18_Crudeoilmaybeabove70buttheUSfrackersarestillstruggling.html iehi-feed-63953 Thu, 17 May 2018 19:45:12 GMT Qatari Investor: Michael Cohen Asked Me for a Million Dollars To Line Up Trump Admin. Deals http://implode-explode.com/viewnews/2018-05-17_QatariInvestorMichaelCohenAskedMeforaMillionDollarsToLineUpTrump.html Cohen suggested that Qatar could revitalize some Midwestern towns, saying, according to al-Rumaihi, "‘For example, we can find a steel factory that is about to shut down. You guys can invest. I'll give you some names to appoint as partners. You guys put in the money, we will put in the know-how, and share the profits 50-50. We can perhaps get a federal government ‘off-take agreement' for 10 to 15 years. It will revitalize the city, great PR, you guys will look like you're saving the city, everybody wins.'"

Al-Rumaihi surmised that the biggest winners would be the silent "partners," who would put in "know-how," rather than money and walk away with half the profits.

When al-Rumaihi asked Cohen more generally about important projects that the investment fund should back, Cohen said there were plenty of options. But Cohen said he would need $1 million first, as part of his fee, al-Rumaihi told The Intercept.

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Cohen and al-Rumaihi met again briefly that week at the Plaza Hotel, where Cohen showed al-Rumaihi pictures on his mobile phone of his daughter, who he said was in London at the time.

Al-Rumaihi recalled a bizarre turn in the conversation that "went something like, ‘Oh you guys know London pretty well, given all the properties you own, like Harrods -- I bet there's a lot of nice purses there she'd like.'" (A few months later, Cohen was in the news for sharing an artistic photo of her in lingerie on Twitter.)

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iehi-feed-63952 Thu, 17 May 2018 19:41:47 GMT New York eclipses London in ultra-luxury residential sales http://implode-explode.com/viewnews/2018-05-17_NewYorkeclipsesLondoninultraluxuryresidentialsales.html New York City has jumped to second place among the world's most luxurious cities based on residential sales volume. The city surpassed London in a move from third to second place, just behind Hong Kong in the top spot, according to a new report from Christie's International Real Estate...

New York also took second place in trophy sales behind Hong Kong, with seven sales above $50 million, and seven of 24 penthouse sales. The top 10 trophy sales worldwide totaled $1.24 billion, down slightly from $1.32 billion in 2016. New York City's contribution to the list was the the $91 million purchase of the penthouse at 432 Park Avenue which was fifth most expensive sale globally. The No. 1 sale was a property in Hong Kong, called the Peak, which sold for a stratospheric $360 million.

In 2017, the wealth of the world's billionaires grew to $9.1 trillion, according to Forbes, with more than 2,200 billionaires worldwide. If you include those with $500 million or more, that number increases to $11.7 trillion, said Conn. This means there is an incredible amount of capital to be deployed, he added.

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One feature of the market in 2017, and continuing into 2018, is the degree to which it is a buyer's market, said Dan Conn, CEO of Christie's, particularly uber-luxury buyers. "They don't have to go the dance," he said. It's up to sellers to woo them.

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iehi-feed-63951 Thu, 17 May 2018 19:38:51 GMT CFTC Commissioner Quintenz Drops Hints of More "Bespoke" US Crypto Regulatory Approach http://implode-explode.com/viewnews/2018-05-17_CFTCCommissionerQuintenzDropsHintsofMoreBespokeUSCryptoRegulator.html