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-62323 Tue, 30 May 2017 02:34:52 GMT Disabled US Marine Takes On PHH Mortgage And Trump Administration http://implode-explode.com/viewnews/2017-05-29_DisabledUSMarineTakesOnPHHMortgageAndTrumpAdministration.html iehi-feed-62322 Mon, 29 May 2017 19:46:39 GMT Stocks May Not Crash Spectacularly but May Zigzag Lower in Agonizing Ups-and-Downs, for Decades http://implode-explode.com/viewnews/2017-05-29_StocksMayNotCrashSpectacularlybutMayZigzagLowerinAgonizingUpsand.html iehi-feed-62321 Mon, 29 May 2017 18:16:29 GMT The Guardian mourns Corbyn's polling surge http://implode-explode.com/viewnews/2017-05-29_TheGuardianmournsCorbynspollingsurge.html iehi-feed-62320 Mon, 29 May 2017 18:04:37 GMT Italian banks sink on early election worries http://implode-explode.com/viewnews/2017-05-29_Italianbankssinkonearlyelectionworries.html iehi-feed-62319 Sun, 28 May 2017 17:42:46 GMT The Fed Will Blink http://implode-explode.com/viewnews/2017-05-28_TheFedWillBlink.html iehi-feed-62318 Sun, 28 May 2017 17:32:09 GMT In "Watershed Moment" Merkel Says Germany Can No Longer Rely On America http://implode-explode.com/viewnews/2017-05-28_InWatershedMomentMerkelSaysGermanyCanNoLongerRelyOnAmerica.html iehi-feed-62317 Sun, 28 May 2017 17:29:09 GMT Lack of Workers, Not Work, Weighs on the Nation's Economy http://implode-explode.com/viewnews/2017-05-28_LackofWorkersNotWorkWeighsontheNationsEconomy.html `` labor shortages are weighing on overall economic growth, slowing the pace of expansion in northern Utah and other fast-growing regions even as unemployment remains stubbornly high in Rust Belt cities like Cleveland and in regions still recovering from the 2008 recession, like inland California.

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Companies in Utah, as in the rest of the country, were slow to raise wages in recent years. At first there were plenty of available workers. But by the end of 2015, a report by Utah's Department of Workforce Services concluded that inadequate wages had become a key reason companies were struggling to find employees.

"It was as if employers hadn't adjusted their approach to the labor market" as the economy recovered, said Carrie Mayne, the department's chief economist.

Now there are signs the logjam is breaking. Adam Himoff, the president of Xemplar Skilled Workforce Solutions, a recruiting firm hired by Roofers Supply to find drivers, said he had seen an increase this year in the willingness of clients to raise wages.

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But the share of Utah adults who have withdrawn from the labor force remains higher than before the recession. Last year, 31.7 percent of adults in Utah were neither working nor looking for work, up from 28.2 percent in 2006. That is part of a broad national trend.

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even in a red-hot market, some of the people who are looking for work struggle to find the right fit. Noel Nampijja, 42, left her job as a nurse's aide two months ago because the work of moving patients was hurting her back. She just completed training as a phlebotomist, a medical assistant who draws blood.

Looks like pay increases outside of a few hot, tech-centric areas (which have been floated on cheap capital thanks to the Fed) are still sluggish. So this is yet another aspect of a bifurcated economy. Sadly, we're probably at or close to a peak in wages, with the Fed set on a rate-hike path. That means the plug will get pulled from these "hot" sectors...

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iehi-feed-62316 Sun, 28 May 2017 17:17:13 GMT New Home Prices Are Over 50% Higher In Canada Than The US http://implode-explode.com/viewnews/2017-05-28_NewHomePricesAreOver50HigherInCanadaThanTheUS.html iehi-feed-62315 Sun, 28 May 2017 17:13:11 GMT Low Volatility Is Market's Most Significant Danger http://implode-explode.com/viewnews/2017-05-28_LowVolatilityIsMarketsMostSignificantDanger.html iehi-feed-62314 Sat, 27 May 2017 15:10:01 GMT Global Pension Underfunding Will Grow To $400 Trillion Over Next 30 Years: World Economic Forum http://implode-explode.com/viewnews/2017-05-27_GlobalPensionUnderfundingWillGrowTo400TrillionOverNext30YearsWor.html iehi-feed-62313 Sat, 27 May 2017 15:00:24 GMT UK retirement age could hit 80 as pensions deficit sets off time bomb http://implode-explode.com/viewnews/2017-05-27_UKretirementagecouldhit80aspensionsdeficitsetsofftimebomb.html The UK has been told to prepare for a workforce of 80-year-olds as the world's leading economies struggle to deal with a £54 trillion pensions time bomb. The amount could balloon to an astonishing £334 trillion by 2050 unless policymakers take urgent action, the World Economic Forum has warned.

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"Policymakers do need to be thinking now about how to integrate 75- and even 80-year-olds in the workplace," Michael Drexler, head of financial and infrastructure systems for the WEF told The Financial Times.

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iehi-feed-62312 Sat, 27 May 2017 14:57:25 GMT Most millennials want to buy a home--but are 10+ years off... http://implode-explode.com/viewnews/2017-05-27_Mostmillennialswanttobuyahomebutare10yearsoff.html New data from Apartment List shows that, although 80 percent of millennials would like to purchase real estate, very few are in a good position to buy, largely because they have nothing saved. According to the report, "68 percent of millennials said they have saved less than $1,000 for a down payment. Almost half, or 44 percent, of millennials said they have not saved anything for a down payment."

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Depending on where they are looking to buy, given their current savings rate, millennials are 10 years or more away from home ownership. Young residents of pricey San Jose, Calif., will have to be exceptionally patient: Odds are they won't be in a good position to buy an apartment there for "almost 24 years," or "until the year 2041."

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It's not clear to what degree most millennials realize the magnitude of the problem. They acknowledge that buying is a long-term goal, and over 70 percent cite "affordability" as the main problem, but they also seem unduly optimistic about when they think they'll be able to buy. For example, a majority of those surveyed said that buying real estate is in their five-year plan.

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The discrepancy might come, in part, from the fact that millennials don't fully understand how expensive real estate has become, especially in desirable cities, or how high down payments are

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iehi-feed-62311 Fri, 26 May 2017 16:24:18 GMT Donald Trump and NATO: Why His Silence on Article 5 Is a Big Deal http://implode-explode.com/viewnews/2017-05-26_DonaldTrumpandNATOWhyHisSilenceonArticle5IsaBigDeal.html iehi-feed-62310 Fri, 26 May 2017 16:18:24 GMT It's time to plan an escape route, for you and your money, from Trumpland http://implode-explode.com/viewnews/2017-05-26_ItstimetoplananescaperouteforyouandyourmoneyfromTrumpland.html iehi-feed-62309 Fri, 26 May 2017 16:12:51 GMT Japan, South Korea drive global bitcoin prices as retail investor pile in http://implode-explode.com/viewnews/2017-05-26_JapanSouthKoreadriveglobalbitcoinpricesasretailinvestorpilein.html Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday.

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In Japan and South Korea, among the largest markets for bitcoin globally, bitcoin traded at a premium of more than $300 higher above the global average, according to CryptoCompare.com.

The rally appeared to have been driven by new buying from smaller retail investors, suggesting bitcoins are increasingly viewed among the general investing public as an alternative asset class much like gold, analysts said.

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iehi-feed-62308 Fri, 26 May 2017 16:09:55 GMT Fed faces a 'surprise' problem on U.S. inflation http://implode-explode.com/viewnews/2017-05-26_FedfacesasurpriseproblemonUSinflation.html iehi-feed-62307 Fri, 26 May 2017 14:56:06 GMT Romer Sidelined at World Bank as Establishment Economists Bristle at Reform http://implode-explode.com/viewnews/2017-05-26_RomerSidelinedatWorldBankasEstablishmentEconomistsBristleatRefor.html Romer pioneered research into "endogenous growth," examining how the diffusion of knowledge boosts output. His name often comes up in short lists for the Nobel Prize in economics.

... But in recent years, his attacks on the credibility of macroeconomic models irritated many of his peers. His combativeness didn't endear him to some of the more than 600 economists who work in DEC, according to people familiar with the matter.

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But researchers didn't like the curt way Romer often conveyed his message, said two people familiar with the matter. Staff were upset by what they saw as his abrasive emails, and they didn't feel Romer listened to their concerns, these people said. Researchers were flummoxed by some of his stylistic hangups, including a distaste for the conjunction "and."

Romer was frustrated with what some see as the dense, convoluted style of many of the department's reports. He pushed researchers to write more clearly, using the active voice to be more direct.

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A study by Stanford University's Literary Lab in 2015 found the bank's use of language has become more "codified, self-referential, and detached from everyday language" since the bank's board of governors held their inaugural meeting in 1946. The study coined the term "Bankspeak," a vague "technical code" that symbolized the lender's organizational drift.

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iehi-feed-62306 Fri, 26 May 2017 14:51:30 GMT Not a little list: EU draws up Brexit bill http://implode-explode.com/viewnews/2017-05-26_NotalittlelistEUdrawsupBrexitbill.html iehi-feed-62305 Fri, 26 May 2017 14:37:11 GMT NYC Landlords Slash Retail  Rents to Ward Off Vacancies http://implode-explode.com/viewnews/2017-05-26_NYCLandlordsSlashRetailRentstoWardOffVacancies.html The REBNY Spring 2017 Manhattan Retail Report lists retail rental rates in 14 of Manhattan's 17 high profile shopping corridors have declined. The poshest parts of Bleecker Street between Seventh Avenue and Hudson Street have fared the worst of all the Manhattan markets. Rents there tumbled 27 percent from $513 per foot to $373 per foot since last spring, and nine vacancies remain.

On Broadway in the Flatiron, rents dropped 22 percent to $348 per foot, a decline that served to fill most of the vacancies. Rents also fell 18 percent in both Herald Square and the now less-pricey Times Square to $734 and $1,930 per foot, respectively.

In Tony Madison Avenue between 57th and 72nd Streets building owners lowered the asking rents by 12 percent to $1,446 per foot, down from $1,644 last spring. Nonetheless, there are still 33 vacancies in this area.

On Columbus Avenue rents plummeted 15 percent to $344 per foot, and the number of empty stores increased from 8 to 14. Third Avenue has also seen a jump in vacancies to 34 from 15 a year ago. Asking rents there are down only 4 percent to $356 per foot. On the West Side, in Broadway from 72nd to 86th streets, rents have fallen 12 percent since last spring to $315 per foot , with 21 vacancies. 

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iehi-feed-62304 Fri, 26 May 2017 14:18:50 GMT The investigation of Jared Kushner fits a very troubling pattern http://implode-explode.com/viewnews/2017-05-26_TheinvestigationofJaredKushnerfitsaverytroublingpattern.html