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-57348 Sat, 01 Aug 2015 18:03:38 GMT Michigan Wingnut Ted Visner's Debt Hidden In His Tinfoil Hat http://implode-explode.com/viewnews/2015-08-01_MichiganWingnutTedVisnersDebtHiddenInHisTinfoilHat.html iehi-feed-57347 Sat, 01 Aug 2015 16:02:01 GMT We can't stop the flow of migrants to Europe. Rehousing them is our only option http://implode-explode.com/viewnews/2015-08-01_WecantstoptheflowofmigrantstoEuropeRehousingthemisouronlyoption.html For many, the implications of this will be hard to swallow. But the reality is clear: the only logical, long-term response to the Calais crisis is to create a legal means for vast numbers of refugees to reach Europe in safety. This may sound counter-intuitive. But at the current rate, whether we like it or not, 1 million refugees will arrive on European shores within the next four or five years. Whether they set up camps at Calais depends on how orderly we make that process of resettlement.

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Some readers will find this idea unworkable. How could Europe handle so many migrants? But spread throughout Europe's total population of 740 million, an additional 1 million would have a minimal social impact. It would also still be smaller than the number of refugees currently in, for example, Lebanon -- where an indigenous population of 4.5 million is struggling to host a refugee population of nearly 1.2 million. Such a massive resettlement programme also has precedent. After the Vietnam war, western countries resettled 1.3 million refugees from the region. If it was achieved once, it can be achieved again.

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iehi-feed-57346 Sat, 01 Aug 2015 13:35:41 GMT Carlyle Fund Walloped in Commodities Rout (+scores of other commods. funds shut down) http://implode-explode.com/viewnews/2015-08-01_CarlyleFundWallopedinCommoditiesRoutscoresofothercommodsfundsshu.html Three years after private-equity giant Carlyle Group LP touted its purchase of a hedge-fund firm, a rout in raw materials has helped drive down holdings in its flagship fund from about $2 billion to less than $50 million, according to people familiar with the matter.

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This week alone, commodity-trading firms Armajaro Asset Management LLP and Black River Asset Management LLC, a unit of agricultural conglomerate Cargill Inc., said they are closing funds. Several other firms that managed billions of dollars already have closed their doors, including London-based Clive Capital LLP and BlueGold Capital Management LLP. Large money managers including Brevan Howard Asset Management LLP and Fortress Investment Group LLC have wound down commodity strategies...

Assets under management at commodity hedge funds have fallen 15%, to $24.1 billion, since their peak in 2012, and nearly 30 firms out of 250 have shut down since that year, according to industry consultant HFR Inc. Commodity firms lost money for three years in a row before 2014, HFR said.

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Christopher Nygaard and Drew Gilbert, who co-founded Vermillion in 2005 and sold a majority equity stake in the firm to Carlyle in 2012, left at the end of June, according to people with knowledge of the firm's operations. Vermillion is retreating from prior investments in oil, natural gas, coal, iron ore and agriculture, and traders and strategists involved in managing those strategies are leaving, these people said.

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iehi-feed-57345 Sat, 01 Aug 2015 13:31:38 GMT OPEC Shale War Leaves Big Oil Companies as Surprise Victims http://implode-explode.com/viewnews/2015-08-01_OPECShaleWarLeavesBigOilCompaniesasSurpriseVictims.html iehi-feed-57344 Sat, 01 Aug 2015 13:27:35 GMT Why 99% of trading is pointless - Bogle http://implode-explode.com/viewnews/2015-08-01_Why99oftradingispointlessBogle.html iehi-feed-57343 Sat, 01 Aug 2015 13:25:48 GMT Greek bailout is far from being a done deal http://implode-explode.com/viewnews/2015-08-01_Greekbailoutisfarfrombeingadonedeal.html iehi-feed-57342 Sat, 01 Aug 2015 13:23:46 GMT Alexis Tsipras: I ordered Varoufakis to 'defend Greece' http://implode-explode.com/viewnews/2015-08-01_AlexisTsiprasIorderedVaroufakistodefendGreece.html iehi-feed-57341 Fri, 31 Jul 2015 23:03:41 GMT The Defeat of Europe (Varoufakis in Le Monde Diplomatique) http://implode-explode.com/viewnews/2015-07-31_TheDefeatofEuropeVaroufakisinLeMondeDiplomatique.html iehi-feed-57340 Fri, 31 Jul 2015 22:54:19 GMT IMF won't help finance Greece without debt relief http://implode-explode.com/viewnews/2015-07-31_IMFwonthelpfinanceGreecewithoutdebtrelief.html iehi-feed-57339 Fri, 31 Jul 2015 22:53:17 GMT What paying fast food workers a living wage would do to the price of a Big Mac http://implode-explode.com/viewnews/2015-07-31_WhatpayingfastfoodworkersalivingwagewoulddotothepriceofaBigMac.html iehi-feed-57338 Fri, 31 Jul 2015 22:52:21 GMT What it's like to be a part of the world's richest 1 percent, in 15 incredible photos http://implode-explode.com/viewnews/2015-07-31_Whatitsliketobeapartoftheworldsrichest1percentin15incrediblephot.html iehi-feed-57337 Fri, 31 Jul 2015 22:48:50 GMT Italy is the most likely country to leave the euro http://implode-explode.com/viewnews/2015-07-31_Italyisthemostlikelycountrytoleavetheeuro.html iehi-feed-57336 Fri, 31 Jul 2015 21:39:40 GMT Federal Withholding Tax Collections Are Plunging | The Wall Street Examiner http://implode-explode.com/viewnews/2015-07-31_FederalWithholdingTaxCollectionsArePlungingTheWallStreetExaminer.html iehi-feed-57335 Fri, 31 Jul 2015 21:34:04 GMT This "Living Legend" Just Called the Bottom in Commodities; Canadian House Bubble Vulnerable http://implode-explode.com/viewnews/2015-07-31_ThisLivingLegendJustCalledtheBottominCommoditiesCanadianHouseBub.html iehi-feed-57334 Fri, 31 Jul 2015 21:24:01 GMT Smallest U.S. Wage Increase on Record Muddies Pay Picture http://implode-explode.com/viewnews/2015-07-31_SmallestUSWageIncreaseonRecordMuddiesPayPicture.html iehi-feed-57333 Fri, 31 Jul 2015 21:13:17 GMT Pot Industry's Bank Bid Rejected by Federal Regulators http://implode-explode.com/viewnews/2015-07-31_PotIndustrysBankBidRejectedbyFederalRegulators.html The credit union was set up last year to serve Colorado's marijuana industry, but it needed permission from federal insurers and regulators before opening for business. The Federal Reserve rejected Fourth Corner's application earlier this month...

The U.S. Treasury Department issued guidelines last year for how banks could accept pot money. But many large banks considered the guidelines onerous and still won't take deposits related to marijuana businesses, prompting Colorado banking regulators to set up a proposed credit union to comply with those guidelines.

Fourth Corner would have allowed pot shops and growers to access not just basic checking but also lines of credit and other financial products the expanding industry wants.

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iehi-feed-57332 Fri, 31 Jul 2015 21:09:23 GMT At Channel Tunnel, Migrant Crisis Evolves Into a Political One http://implode-explode.com/viewnews/2015-07-31_AtChannelTunnelMigrantCrisisEvolvesIntoaPoliticalOne.html The British are blaming the French, the French are blaming the British, and both are blaming the European Union for an incoherent policy toward the thousands of people, many of them fleeing political horrors at home, who are trying to find jobs and a better future for themselves and their families in Europe.

... The migrants, most of them from Libya, Syria, Eritrea and Afghanistan, are finding new strategies to exhaust the French police, cut through fencing, stow away on trucks and try to get to Britain through the Channel tunnel. In the nightly game of attack and run, chase and release, traffic through the tunnel has been badly disrupted, and at least nine migrants have died in their attempts since June.

Some estimates are that the mess is costing the British economy 250 million pounds, or about $390 million, a day, while local governments in southern England are struggling to cope with at least a doubling of illegal migrants, who must be housed and fed, especially those who are minors.

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Peter Sutherland, a former European Union commissioner and now the United Nations special representative for international migration, said that the British reaction is "grossly excessive in terms of Calais," characterizing the calls to stop economic migrants "a xenophobic response to the issue of free movement."

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iehi-feed-57331 Fri, 31 Jul 2015 20:25:41 GMT Societe Generale's Albert Edwards: Get ready to relive the 2008 crisis http://implode-explode.com/viewnews/2015-07-31_SocieteGeneralesAlbertEdwardsGetreadytorelivethe2008crisis.html In a research note on Thursday, Edwards said that China's intervention to stabilize its volatile stock market was part of a larger global story, in which "rock bottom" interest rates and large fiscal deficits in the western world were pushing the global economy towards a fall.

"QE (quantitative easing) will be stepped up to such a pace that you will hear the roar of the printing presses from Mars," Edwards said. "I have not one scintilla of doubt that the western central banks have set us up for an even bigger version of the 2008 Great Financial Crisis."

... Given his forecast step up in money-printing, Edwards said that gold, which tends to perform well during periods of high inflation, was a "must-have" safe-haven investment.

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iehi-feed-57330 Fri, 31 Jul 2015 19:35:32 GMT Convicted Fraudster and Author of Clouded Titles, David Krieger Bolts From Press Conference http://implode-explode.com/viewnews/2015-07-31_ConvictedFraudsterandAuthorofCloudedTitlesDavidKriegerBoltsFromP.html iehi-feed-57329 Thu, 30 Jul 2015 22:17:36 GMT The U.S. Economy's Top Speed Has Probably Been Overestimated for Years - Bloomberg Business http://implode-explode.com/viewnews/2015-07-30_TheUSEconomysTopSpeedHasProbablyBeenOverestimatedforYearsBloombe.html Revisions to the U.S. gross domestic product since 2011 reinforce the shift to a slower era of economic growth and underscore the difficulties the Federal Reserve faces in gauging just when to inch interest rates away from the zero-lower bound. According to the Bureau of Economic Analysis, real GDP from 2011 to 2014 increased at an annual rate of 2 percent, a downgrade from the prior estimate of 2.3 percent.

More details in this article: U.S. believes no structural issues in GDP data construction (an Orwellian title if we've ever heard one). An excerpt:

The improvements to the seasonal adjustment for defense spending found an overstating of GDP growth in the third quarter from 2012 to 2014. Third-quarter growth in 2012 was revised down by 2 percentage points to a 0.5 percent rate, with defense spending accounting for a half a percentage point of the drop.

So basically all of the recent hulabaloo recently about how Q1 is being consistently underestimated has been completely dwarfed and rendered moot by how much Q2 and Q3 have been over-estimated... especially when it comes to counting the effect of defense spending. Who coulda known ???

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