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-54777 Fri, 22 Aug 2014 14:50:54 GMT Foreigners Dump Record Amount of US Securities, But Who the Heck Is Still Buying? http://implode-explode.com/viewnews/2014-08-22_ForeignersDumpRecordAmountofUSSecuritiesButWhotheHeckIsStillBuyi.html iehi-feed-54776 Fri, 22 Aug 2014 14:47:44 GMT Nobel guru fears it may be nigh impossible to stop deflation http://implode-explode.com/viewnews/2014-08-22_Nobelgurufearsitmaybenighimpossibletostopdeflation.html Christopher Sims -- a monetary expert, who now thinks money indicators have been rendered "essentially obsolete" by modern finance -- says it may be impossible to reverse deflation in the Western economies by any normal means, in which case we are in trouble.

He argues that the public (including investors) are convinced that there will have to be some sort of payback for all the debts accumulated during the great era of leverage and excess. They have "internalised" the prospect of future tax rises and spending that will make them feel poorer.

...

By the same token businesses are putting off investment and hoarding cash in anticipation of a hit to come. We may be deluding ourselves in thinking that companies will soon be confident enough to let rip with a fresh burst of spending and investment. They may just sit on their money for year after year.

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iehi-feed-54775 Fri, 22 Aug 2014 14:45:21 GMT "Hopium": Philly Fed Surges To Highest Since March 2011 Despite Plunge In Jobs & New Orders http://implode-explode.com/viewnews/2014-08-22_HopiumPhillyFedSurgesToHighestSinceMarch2011DespitePlungeInJobsN.html iehi-feed-54774 Fri, 22 Aug 2014 14:44:17 GMT The Schizophrenic US Housing Market In One Chart http://implode-explode.com/viewnews/2014-08-22_TheSchizophrenicUSHousingMarketInOneChart.html iehi-feed-54773 Fri, 22 Aug 2014 14:43:18 GMT High-frequency trading critic Chilton joins HFT lobby effort http://implode-explode.com/viewnews/2014-08-22_HighfrequencytradingcriticChiltonjoinsHFTlobbyeffort.html iehi-feed-54772 Fri, 22 Aug 2014 00:01:26 GMT Swiss Referendum May End Gold Sales;Force Repatriation And 20% Holding http://implode-explode.com/viewnews/2014-08-21_SwissReferendumMayEndGoldSalesForceRepatriationAnd20Holding.html iehi-feed-54771 Thu, 21 Aug 2014 20:40:49 GMT Don't Hold Breath for Homeowner Help in $16.5bn Bank of America deal http://implode-explode.com/viewnews/2014-08-21_DontHoldBreathforHomeownerHelpin165bnBankofAmericadeal.html iehi-feed-54770 Thu, 21 Aug 2014 18:49:11 GMT Janet Tavakoli on Derivatives: "Complete Irresponsibility in Financial Reform" (VIDEO) http://implode-explode.com/viewnews/2014-08-21_JanetTavakolionDerivativesCompleteIrresponsibilityinFinancialRef.html iehi-feed-54769 Thu, 21 Aug 2014 13:50:40 GMT Gold and silver prices may not really shine until 2015-6 warns Ross Norman http://implode-explode.com/viewnews/2014-08-21_Goldandsilverpricesmaynotreallyshineuntil20156warnsRossNorman.html iehi-feed-54768 Thu, 21 Aug 2014 13:33:46 GMT Ukraine Crisis Continues - Paul Craig Roberts http://implode-explode.com/viewnews/2014-08-21_UkraineCrisisContinuesPaulCraigRoberts.html iehi-feed-54767 Thu, 21 Aug 2014 13:29:12 GMT Russia readies for construction of gas pipeline to China http://implode-explode.com/viewnews/2014-08-21_RussiareadiesforconstructionofgaspipelinetoChina.html want to supply you with gas, so much. Maybe antagonizing the Russian Bear over South Stream is not the best idea...]]> iehi-feed-54766 Thu, 21 Aug 2014 13:23:24 GMT Why Bank of America deal won't cost it $17B http://implode-explode.com/viewnews/2014-08-21_WhyBankofAmericadealwontcostit17B.html iehi-feed-54765 Thu, 21 Aug 2014 13:20:19 GMT Fed debates merits of earlier rate hike given U.S. jobs gains http://implode-explode.com/viewnews/2014-08-21_FeddebatesmeritsofearlierratehikegivenUSjobsgains.html The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating.

At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting.

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In a slight shift from the views expressed at the Fed's June policy meeting, the minutes said "most" Fed officials supported re-investing the maturing securities in the central bank's vast portfolio until sometime after its first rate hike. The minutes of the previous meeting said only that "many" supported this approach.

Notice the latter part... so the only substantial change in these minutes is that now the Fed definitely wants to re-invest its QE-acquired portfolio rather than "running it off"... yet this is not being taken as a dovish release.

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iehi-feed-54764 Thu, 21 Aug 2014 13:17:17 GMT Credit Swaps Polished in $19 Trillion Derivative Overhaul http://implode-explode.com/viewnews/2014-08-21_CreditSwapsPolishedin19TrillionDerivativeOverhaul.html iehi-feed-54763 Thu, 21 Aug 2014 13:14:52 GMT China, India to Replace Canada, Australia, US as Meat Suppliers to Russia; Will Not Recover http://implode-explode.com/viewnews/2014-08-21_ChinaIndiatoReplaceCanadaAustraliaUSasMeatSupplierstoRussiaWillN.html iehi-feed-54762 Thu, 21 Aug 2014 13:14:04 GMT Branson, World Business Leaders Call for Speedy Ukrainian Crisis Resolution http://implode-explode.com/viewnews/2014-08-21_BransonWorldBusinessLeadersCallforSpeedyUkrainianCrisisResolutio.html iehi-feed-54761 Thu, 21 Aug 2014 13:12:04 GMT Argentina bonds, peso reel on country's debt swap plan http://implode-explode.com/viewnews/2014-08-21_Argentinabondspesoreeloncountrysdebtswapplan.html iehi-feed-54760 Wed, 20 Aug 2014 20:05:16 GMT Investors dine on fresh menu of credit derivatives http://implode-explode.com/viewnews/2014-08-20_Investorsdineonfreshmenuofcreditderivatives.html Some market participants say the rise of these derivatives raises questions about the effectiveness of financial reform undertaken since 2008. While standardised derivatives such as interest rate swaps are now transacted in exchange-type venues and centrally cleared, the flourishing area of opaque products are not, and moreover there are few records of activity that regulators can monitor.

"We've reformed nothing," says Janet Tavakoli, president of Tavakoli Structured Finance. "We have more leverage and more derivatives risk than we've ever had."

...

"The markets don't really need a Lehman or even Lehman-lite event for a credit dislocation," says Manish Kapoor, managing principal at hedge fund West Wheelock Capital. "You just need spreads to widen out or rates to go up for a significant impact on collateral movement for derivatives."

...

The use of options tied to CDS indices, known as "swaptions", has grown sharply, buoyed in part because the instruments are not required to be centrally cleared. Such swaptions allow investors to protect their portfolios from large movements in markets, known as "tail risk".

More than $60bn of CDS index options currently exchange hands each week -- up from just $2bn traded per month back in 2005, according to Citigroup analysts.

Bob Douglass, head of credit electronic trading at Barclays, says the bank is excited about the future of these swaptions: "It's one of the really bright spots in the world of credit derivatives insofar as growth goes. We're ramping up our capacity for this."

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iehi-feed-54759 Wed, 20 Aug 2014 20:00:11 GMT Goldman to face Libya's sovereign wealth fund in court over trades http://implode-explode.com/viewnews/2014-08-20_GoldmantofaceLibyassovereignwealthfundincourtovertrades.html iehi-feed-54758 Wed, 20 Aug 2014 19:56:42 GMT South Stream ‘Plan B' opts for route through Greece and Turkey http://implode-explode.com/viewnews/2014-08-20_SouthStreamPlanBoptsforroutethroughGreeceandTurkey.html