Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-57591 Fri, 28 Aug 2015 16:59:57 GMT For Albert Edwards This Is The One Definitive Measure That "We Are Now In A Bear Market" http://implode-explode.com/viewnews/2015-08-28_ForAlbertEdwardsThisIsTheOneDefinitiveMeasureThatWeAreNowInABear.html iehi-feed-57590 Fri, 28 Aug 2015 16:56:37 GMT China Will Respond Too Late to Avoid Recession, Citigroup Says http://implode-explode.com/viewnews/2015-08-28_ChinaWillRespondTooLatetoAvoidRecessionCitigroupSays.html The only thing to stop a Chinese recession, which the former external member of the Bank of England defines as 4 percent growth on "the mendacious official data" for a year, is a consumption-oriented fiscal stimulus program funded by the central government and monetized by the People's Bank of China, Buiter said.

"Despite the economy crying out for it, the Chinese leadership is not ready for this," Buiter, chief economist at Citigroup, said in a media call hosted Thursday by the Council on Foreign Relations in New York. "It's an economy that's sliding into recession."

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iehi-feed-57589 Fri, 28 Aug 2015 16:54:33 GMT China has exposed the fatal flaws in our liberal economic order http://implode-explode.com/viewnews/2015-08-28_Chinahasexposedthefatalflawsinourliberaleconomicorder.html iehi-feed-57588 Fri, 28 Aug 2015 16:38:21 GMT China's Stock Rout to Resume as Intervention Ends, Says BofA http://implode-explode.com/viewnews/2015-08-28_ChinasStockRouttoResumeasInterventionEndsSaysBofA.html iehi-feed-57587 Fri, 28 Aug 2015 16:37:09 GMT China Stunner: Real GDP Is Now A Negative -1.1% - Evercore http://implode-explode.com/viewnews/2015-08-28_ChinaStunnerRealGDPIsNowANegative11Evercore.html iehi-feed-57584 Fri, 28 Aug 2015 14:05:15 GMT Market turmoil shouldn't delay at least one Fed rate hike: Bullard http://implode-explode.com/viewnews/2015-08-28_MarketturmoilshouldntdelayatleastoneFedratehikeBullard.html iehi-feed-57583 Fri, 28 Aug 2015 14:03:42 GMT 71 migrants die in abandoned truck in Austria; 150 in sea off Libya http://implode-explode.com/viewnews/2015-08-28_71migrantsdieinabandonedtruckinAustria150inseaoffLibya.html At Least 150 Migrants Feared Dead After Boat Sinks Off Libya. Very sad.]]> iehi-feed-57581 Fri, 28 Aug 2015 01:41:37 GMT China's Central Bank Won't Do Beijing's Dirty Work http://implode-explode.com/viewnews/2015-08-27_ChinasCentralBankWontDoBeijingsDirtyWork.html iehi-feed-57580 Fri, 28 Aug 2015 01:40:20 GMT Oil Industry Needs Half a Trillion Dollars to Endure Price Slump http://implode-explode.com/viewnews/2015-08-27_OilIndustryNeedsHalfaTrillionDollarstoEndurePriceSlump.html iehi-feed-57579 Fri, 28 Aug 2015 01:37:32 GMT The U.S. Is Short on Options to Confront Next Crisis http://implode-explode.com/viewnews/2015-08-27_TheUSIsShortonOptionstoConfrontNextCrisis.html iehi-feed-57576 Thu, 27 Aug 2015 22:30:45 GMT China's workers abandon the city as Beijing faces an economic storm http://implode-explode.com/viewnews/2015-08-27_ChinasworkersabandonthecityasBeijingfacesaneconomicstorm.html "Now it is going all downhill. I think that from here on in we see a sharp depreciation of the renminbi, we see an acceleration of credit -- but not actually having any effect on the economy -- and consequently you probably get inflation domestically and then a burst in unemployment and all sorts of nasty things."

"The slowdown is really bad. It's not a slowdown; it is a crash and this is going to accelerate and get worse," added Stevenson-Yang, the author of China Alone: The Emergence from and Potential Return to Isolation.''

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Nor was social upheaval the party's only concern. "The fear has to be ... that party stability is on the line if the economy doesn't work."

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iehi-feed-57575 Thu, 27 Aug 2015 22:25:15 GMT Worst decline in world trade in 6yrs -- report http://implode-explode.com/viewnews/2015-08-27_Worstdeclineinworldtradein6yrsreport.html iehi-feed-57574 Thu, 27 Aug 2015 22:23:28 GMT Yanis Varoufakis pushes for pan-European network to fight austerity http://implode-explode.com/viewnews/2015-08-27_YanisVaroufakispushesforpanEuropeannetworktofightausterity.html iehi-feed-57573 Thu, 27 Aug 2015 22:16:19 GMT Stock market surges on "Dudley Bounce" http://implode-explode.com/viewnews/2015-08-27_StockmarketsurgesonDudleyBounce.html iehi-feed-57571 Thu, 27 Aug 2015 15:49:49 GMT Russia Refuses To Participate In Ukraine Debt Restructuring http://implode-explode.com/viewnews/2015-08-27_RussiaRefusesToParticipateInUkraineDebtRestructuring.html iehi-feed-57570 Thu, 27 Aug 2015 14:50:39 GMT September Rate Hike Back On Table? Q2 GDP Soars In Revision From 2.3% To 3.7% Driven By Record Inventory Build http://implode-explode.com/viewnews/2015-08-27_SeptemberRateHikeBackOnTableQ2GDPSoarsInRevisionFrom23To37Driven.html iehi-feed-57569 Thu, 27 Aug 2015 14:39:30 GMT It's Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington http://implode-explode.com/viewnews/2015-08-27_ItsOfficialChinaConfirmsItHasBegunLiquidatingTreasuriesWarnsWash.html China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter.

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"It would change the outlook on Treasuries quite a bit if you started to price in a fairly large liquidation of their reserves over the next six months or so as they manage the yuan to whatever level they have in mind."

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"By selling Treasuries to defend the renminbi, they're preventing Treasury yields from going lower despite the fact that we've seen a sharp drop in the stock market," David Woo, head of global rates and currencies research at Bank of America Corp., said on Bloomberg Television on Wednesday.

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iehi-feed-57568 Wed, 26 Aug 2015 19:54:36 GMT Plunge Protection Team Losing Control of Markets; In Beginnings of "Great Reset"-Jim Sinclair http://implode-explode.com/viewnews/2015-08-26_PlungeProtectionTeamLosingControlofMarketsInBeginningsofGreatRes.html iehi-feed-57567 Wed, 26 Aug 2015 19:32:02 GMT 50 bodies found in ship's hull as migrant wave inundates Europe http://implode-explode.com/viewnews/2015-08-26_50bodiesfoundinshipshullasmigrantwaveinundatesEurope.html Tuesday saw another record number of arrivals who Budapest officials consider illegal, with 2,533 detained, up from the former record on Monday of 2,093. Hungary has counted more than 160,000 migrants so far this year, about four times the number in all of 2015.

Lawmakers of Fidesz, a right-wing party headed by Prime Minister Viktor Orban, called for deployment of soldiers, helicopters and patrol dogs to the border to be discussed at a parliamentary session next week.

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iehi-feed-57565 Wed, 26 Aug 2015 16:46:10 GMT China's Journey from New Normal to Stock Market Crisis Epicenter http://implode-explode.com/viewnews/2015-08-26_ChinasJourneyfromNewNormaltoStockMarketCrisisEpicenter.html