Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-53759 Wed, 23 Apr 2014 13:30:34 GMT The American Middle Class Is No Longer the World's Richest The numbers, based on surveys conducted over the past 35 years, offer some of the most detailed publicly available comparisons for different income groups in different countries over time. They suggest that most American families are paying a steep price for high and rising income inequality.

Although economic growth in the United States continues to be as strong as in many other countries, or stronger, a small percentage of American households is fully benefiting from it. Median income in Canada pulled into a tie with median United States income in 2010 and has most likely surpassed it since then

iehi-feed-53756 Wed, 23 Apr 2014 13:16:07 GMT China ship seizure hikes redress fears iehi-feed-53755 Wed, 23 Apr 2014 13:13:34 GMT ​Firefighters v arsonists: US confirms $5bn spent on 'Ukraine democracy' iehi-feed-53749 Tue, 22 Apr 2014 13:28:02 GMT China Court Impounds Japanese Ship in Unprecedented Seizure iehi-feed-53747 Tue, 22 Apr 2014 13:24:46 GMT Russia, U.S. Trade Blame as Ukraine Accord Nears Collapse iehi-feed-53746 Tue, 22 Apr 2014 13:21:25 GMT Eight EU states in deflation as calls grow for QE in Sweden iehi-feed-53739 Mon, 21 Apr 2014 13:19:01 GMT JPY Drops, Nikkei Pops As Japanese Trade Balance Nears Record Deficit (36th In A Row) iehi-feed-53736 Sat, 19 Apr 2014 02:22:41 GMT Prelude to Economic Disaster: Billionaires Liquidating Real Estate in China; Stocks in US iehi-feed-53734 Fri, 18 Apr 2014 14:10:37 GMT US financial showdown with Russia is more dangerous than it looks, for both sides The strategy relies on hegemonic control over the global banking system, buttressed by a network of allies and the reluctant acquiescence of neutral states. Let us call this the Manhattan Project of the early 21st century...

[But] the US Treasury faces a more formidable prey with Russia, the world's biggest producer of energy with a $2 trillion economy, superb scientists and a first-strike nuclear arsenal. It is also tightly linked to the German and east European economies. The US risks endangering its own alliance system if it runs roughshod over friends. It is in much the same situation as Britain in the mid-19th century when it enforced naval supremacy, boarding alleged slave ships anywhere in the world, under any flag, ruffling everybody's feathers.

... Princeton professor Harold James sees echoes of events before the First World War when Britain and France imagined they could use financial warfare to check German power.He says the world's interlocking nexus means this cannot be contained. Sanctions risk setting off a chain-reaction to match the 2008 shock...

The greatest risk is surely an "asymmetric" riposte by the Kremlin. Russia's cyber-warfare experts are among the best, and they had their own trial run on Estonia in 2007. A cyber shutdown of an Illinois water system was tracked to Russian sources in 2011. We don't know whether US Homeland Security can counter a full-blown "denial-of-service" attack on electricity grids, water systems, air traffic control, or indeed the New York Stock Exchange, and nor does Washington.

iehi-feed-53730 Fri, 18 Apr 2014 13:50:47 GMT Russia and China announce decoupling trade from Dollar iehi-feed-53729 Thu, 17 Apr 2014 19:02:13 GMT Ukraine Talks Reach Initial Deal as Putin Keeps Force as Option iehi-feed-53727 Thu, 17 Apr 2014 17:57:25 GMT Rule - Gold "Collateralization" in China is Bullish, Not Bearish iehi-feed-53726 Thu, 17 Apr 2014 17:47:49 GMT Eurozone Inflation Stuck in 'Danger Zone,' Keeps Pressure on ECB iehi-feed-53720 Wed, 16 Apr 2014 18:12:42 GMT What the Heck is Going on With US Treasuries In Belgium? iehi-feed-53718 Wed, 16 Apr 2014 17:57:21 GMT William Pfaff: Next Step in Ukraine Crisis Is Unknown iehi-feed-53715 Tue, 15 Apr 2014 16:37:14 GMT Gold scarce, India`s silver jewellery exports double iehi-feed-53714 Tue, 15 Apr 2014 16:32:08 GMT Banking union dominates final EP session This WEEK iehi-feed-53713 Tue, 15 Apr 2014 16:30:05 GMT Europe's top banks cut 80,000 more staff in post-crisis overhaul iehi-feed-53712 Tue, 15 Apr 2014 16:21:02 GMT Tensions over money flows bode poorly for global economy iehi-feed-53710 Tue, 15 Apr 2014 14:43:29 GMT Blowback: Protesters In Kiev Demand Resignation Of Ukraine President