Implode-Explode Heavy Industries news feed 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 iehi-feed-55986 Fri, 30 Jan 2015 19:38:41 GMT Russian central bank makes surprise interest rate cut 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.

iehi-feed-55985 Fri, 30 Jan 2015 19:37:10 GMT U.S. GDP Misses in 4Q, Despite Gas Boost iehi-feed-55984 Fri, 30 Jan 2015 18:52:53 GMT Gorbachev: US Pulled Russia Into New Cold War That Could Turn 'Hot' 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 iehi-feed-55981 Thu, 29 Jan 2015 16:02:28 GMT Russian Sanctions Might Be Obama's Greatest Blunder iehi-feed-55980 Thu, 29 Jan 2015 16:01:35 GMT Germans in shock as new Greek leader starts with a bang iehi-feed-55979 Thu, 29 Jan 2015 15:59:40 GMT ECB Decision to Weaken Euro Comes with Pluses and Minuses 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 iehi-feed-55977 Wed, 28 Jan 2015 22:34:52 GMT RMB breaks into the top five as a world payments currency iehi-feed-55975 Wed, 28 Jan 2015 20:16:04 GMT Iran, Russia to create joint bank for national currency trade iehi-feed-55974 Wed, 28 Jan 2015 16:16:22 GMT The Bonds Of The Third Largest Austrian Bank Are Crashing 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 iehi-feed-55972 Wed, 28 Jan 2015 16:12:51 GMT "No Money For War"--IMF to Ukraine iehi-feed-55971 Wed, 28 Jan 2015 16:12:12 GMT New Greece Gov't says No to EU statement on Russia iehi-feed-55970 Wed, 28 Jan 2015 16:05:10 GMT Today's "Dip" Is A Warning--Get Out Of The Casino! | David Stockman iehi-feed-55969 Wed, 28 Jan 2015 16:01:29 GMT JPMorgan Reaped Up to $300 Million Gain On Swiss-Franc Turmoil iehi-feed-55968 Wed, 28 Jan 2015 16:00:26 GMT Middle Class Shrinks Further as More Fall Out Instead of Climbing Up 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."

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 iehi-feed-55966 Tue, 27 Jan 2015 23:38:52 GMT U.S. Stocks Tumble on Weak Data, Earnings, Dollar