Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55988 Fri, 30 Jan 2015 22:56:14 GMT Oil surges 8 pct as U.S. rig count plunges, shorts scramble http://implode-explode.com/viewnews/2015-01-30_Oilsurges8pctasUSrigcountplungesshortsscramble.html iehi-feed-55986 Fri, 30 Jan 2015 19:38:41 GMT Russian central bank makes surprise interest rate cut http://implode-explode.com/viewnews/2015-01-30_Russiancentralbankmakessurpriseinterestratecut.html Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis...

The move implies a shift in the Bank of Russia's priorities away from clamping down on rising inflation and supporting the rouble, towards trying to support economic activity, which the bank expects to fall sharply in the coming months. The decision will also fuel speculation that recent changes in the bank's senior management have shifted the bank towards more dovish monetary policy, possibly under pressure from the Kremlin, banks and business lobbies.

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iehi-feed-55985 Fri, 30 Jan 2015 19:37:10 GMT U.S. GDP Misses in 4Q, Despite Gas Boost http://implode-explode.com/viewnews/2015-01-30_USGDPMissesin4QDespiteGasBoost.html iehi-feed-55984 Fri, 30 Jan 2015 18:52:53 GMT Gorbachev: US Pulled Russia Into New Cold War That Could Turn 'Hot' http://implode-explode.com/viewnews/2015-01-30_GorbachevUSPulledRussiaIntoNewColdWarThatCouldTurnHot.html iehi-feed-55983 Fri, 30 Jan 2015 16:03:29 GMT Paul Craig Roberts -- Putin May Use BRICS Dev. Bank to Peel Greece Away From EU, IMF http://implode-explode.com/viewnews/2015-01-30_PaulCraigRobertsPutinMayUseBRICSDevBanktoPeelGreeceAwayFromEUIMF.html iehi-feed-55981 Thu, 29 Jan 2015 16:02:28 GMT Russian Sanctions Might Be Obama's Greatest Blunder http://implode-explode.com/viewnews/2015-01-29_RussianSanctionsMightBeObamasGreatestBlunder.html iehi-feed-55980 Thu, 29 Jan 2015 16:01:35 GMT Germans in shock as new Greek leader starts with a bang http://implode-explode.com/viewnews/2015-01-29_GermansinshockasnewGreekleaderstartswithabang.html iehi-feed-55979 Thu, 29 Jan 2015 15:59:40 GMT ECB Decision to Weaken Euro Comes with Pluses and Minuses http://implode-explode.com/viewnews/2015-01-29_ECBDecisiontoWeakenEuroComeswithPlusesandMinuses.html iehi-feed-55978 Thu, 29 Jan 2015 15:37:55 GMT ​PACE 'ceases to be a forum' for solving Ukraine crisis following Russia's exclusion http://implode-explode.com/viewnews/2015-01-29_PACEceasestobeaforumforsolvingUkrainecrisisfollowingRussiasexclu.html iehi-feed-55977 Wed, 28 Jan 2015 22:34:52 GMT RMB breaks into the top five as a world payments currency http://implode-explode.com/viewnews/2015-01-28_RMBbreaksintothetopfiveasaworldpaymentscurrency.html iehi-feed-55975 Wed, 28 Jan 2015 20:16:04 GMT Iran, Russia to create joint bank for national currency trade http://implode-explode.com/viewnews/2015-01-28_IranRussiatocreatejointbankfornationalcurrencytrade.html iehi-feed-55974 Wed, 28 Jan 2015 16:16:22 GMT The Bonds Of The Third Largest Austrian Bank Are Crashing http://implode-explode.com/viewnews/2015-01-28_TheBondsOfTheThirdLargestAustrianBankAreCrashing.html Poland's Government to Reset Swiss Franc Mortgages.]]> iehi-feed-55973 Wed, 28 Jan 2015 16:13:51 GMT Damning report on banking collapse stalled until after UK election http://implode-explode.com/viewnews/2015-01-28_DamningreportonbankingcollapsestalleduntilafterUKelection.html iehi-feed-55972 Wed, 28 Jan 2015 16:12:51 GMT "No Money For War"--IMF to Ukraine http://implode-explode.com/viewnews/2015-01-28_NoMoneyForWarIMFtoUkraine.html iehi-feed-55971 Wed, 28 Jan 2015 16:12:12 GMT New Greece Gov't says No to EU statement on Russia http://implode-explode.com/viewnews/2015-01-28_NewGreeceGovtsaysNotoEUstatementonRussia.html iehi-feed-55970 Wed, 28 Jan 2015 16:05:10 GMT Today's "Dip" Is A Warning--Get Out Of The Casino! | David Stockman http://implode-explode.com/viewnews/2015-01-28_TodaysDipIsAWarningGetOutOfTheCasinoDavidStockman.html iehi-feed-55969 Wed, 28 Jan 2015 16:01:29 GMT JPMorgan Reaped Up to $300 Million Gain On Swiss-Franc Turmoil http://implode-explode.com/viewnews/2015-01-28_JPMorganReapedUpto300MillionGainOnSwissFrancTurmoil.html iehi-feed-55968 Wed, 28 Jan 2015 16:00:26 GMT Middle Class Shrinks Further as More Fall Out Instead of Climbing Up http://implode-explode.com/viewnews/2015-01-28_MiddleClassShrinksFurtherasMoreFallOutInsteadofClimbingUp.html According to a New York Times poll in December, 60 percent of people who call themselves middle class think that if they work hard they will get rich. But the evidence suggests that goal is increasingly out of reach. When middle class people look up, they see the rich getting richer while they spin their wheels.

"The middle has basically stayed the same; it hasn't improved," said Lawrence F. Katz, an economist at Harvard University. "You've got an iPhone now and a better TV, but your median income hasn't changed. What's really changed is the penthouse has become supernice."

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iehi-feed-55967 Wed, 28 Jan 2015 15:54:25 GMT Seven Consecutive Downward Revisions To New Home Sales Data Place Serious Doubts On Report Accuracy http://implode-explode.com/viewnews/2015-01-28_SevenConsecutiveDownwardRevisionsToNewHomeSalesDataPlaceSeriousD.html iehi-feed-55966 Tue, 27 Jan 2015 23:38:52 GMT U.S. Stocks Tumble on Weak Data, Earnings, Dollar http://implode-explode.com/viewnews/2015-01-27_USStocksTumbleonWeakDataEarningsDollar.html