Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-53723 Wed, 16 Apr 2014 18:22:16 GMT Why Crony Capitalist Brats Make Me ILL - David Stockman http://implode-explode.com/viewnews/2014-04-16_WhyCronyCapitalistBratsMakeMeILLDavidStockman.html During 2012 Levin's 14-person team of speculators apparently made a $2.0 billion profit on a short-term bet on about $7.5 billion of busted loans and bonds-- mainly the smoking remnants of sub-prime CDOs and private labor MBS. As head of the trading group, Leven's share was apparently the aforesaid $119 million, and this swell outcome was truly a gigs-to-riches story.

... in an honest two-way market, no one in their right mind would bet $7.5 billion on financial drek using high leverage and minimal hedges. And no 30-year old would be given leave to close his eyes and bet the ranch, as apparently Levin did, based on merely the "housing recovery" word clouds being emitted by the monetary politburo and its echo-boxes in the financial press.''

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iehi-feed-53722 Wed, 16 Apr 2014 18:19:17 GMT Yellen: Fed's Rate Policy Hinges on 3 'Big Questions' http://implode-explode.com/viewnews/2014-04-16_YellenFedsRatePolicyHingeson3BigQuestions.html iehi-feed-53721 Wed, 16 Apr 2014 18:16:46 GMT Haunted by soured mortgages, Bank of America loses $276 million http://implode-explode.com/viewnews/2014-04-16_HauntedbysouredmortgagesBankofAmericaloses276million.html iehi-feed-53720 Wed, 16 Apr 2014 18:12:42 GMT What the Heck is Going on With US Treasuries In Belgium? http://implode-explode.com/viewnews/2014-04-16_WhattheHeckisGoingonWithUSTreasuriesInBelgium.html iehi-feed-53719 Wed, 16 Apr 2014 18:09:16 GMT The Best SEC [Retirement] Speech Ever http://implode-explode.com/viewnews/2014-04-16_TheBestSECRetirementSpeechEver.html iehi-feed-53716 Tue, 15 Apr 2014 16:53:34 GMT "What's the Frequency Zenith?" - Grant Williams http://implode-explode.com/viewnews/2014-04-15_WhatstheFrequencyZenithGrantWilliams.html iehi-feed-53714 Tue, 15 Apr 2014 16:32:08 GMT Banking union dominates final EP session This WEEK http://implode-explode.com/viewnews/2014-04-15_BankinguniondominatesfinalEPsessionThisWEEK.html iehi-feed-53712 Tue, 15 Apr 2014 16:21:02 GMT Tensions over money flows bode poorly for global economy http://implode-explode.com/viewnews/2014-04-15_Tensionsovermoneyflowsbodepoorlyforglobaleconomy.html iehi-feed-53710 Tue, 15 Apr 2014 14:43:29 GMT Blowback: Protesters In Kiev Demand Resignation Of Ukraine President http://implode-explode.com/viewnews/2014-04-15_BlowbackProtestersInKievDemandResignationOfUkrainePresident.html iehi-feed-53709 Tue, 15 Apr 2014 14:27:52 GMT Consumer Prices Rise as Americans Pay More for Food, Rents http://implode-explode.com/viewnews/2014-04-15_ConsumerPricesRiseasAmericansPayMoreforFoodRents.html iehi-feed-53708 Tue, 15 Apr 2014 14:26:57 GMT Higher 2013 U.S. taxes surprise some investors, tax preparers say http://implode-explode.com/viewnews/2014-04-15_Higher2013UStaxessurprisesomeinvestorstaxpreparerssay.html For some people, one result of not paying attention was under-withholding of taxes from their paychecks, especially among those who racked up big gains from stock options on the back of 2013's strong stock market.

Claudia Hill, an enrolled agent licensed tax preparer in Cupertino, California, said one of her clients, a married couple working for Google Inc, had to write a check for an additional $71,000 to the Internal Revenue Service....

The new Affordable Healthcare Act imposed a 3.8 percent tax on investment income for individuals earning $200,000 and households making $250,000. The ACA law also added new 0.9 percent tax on ordinary income for the same high earners.

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iehi-feed-53706 Mon, 14 Apr 2014 14:20:29 GMT BLM Selling Out America (for Benefit of Foreign Creditors) - Fabian Calvo http://implode-explode.com/viewnews/2014-04-14_BLMSellingOutAmericaforBenefitofForeignCreditorsFabianCalvo.html iehi-feed-53705 Mon, 14 Apr 2014 14:08:52 GMT Gold and bail-ins - Alasdair MacLeod http://implode-explode.com/viewnews/2014-04-14_GoldandbailinsAlasdairMacLeod.html iehi-feed-53700 Sun, 13 Apr 2014 17:40:58 GMT Europe Folds As Putin Tells It To Pay Ukraine's Gazprom Bill, Or Else http://implode-explode.com/viewnews/2014-04-13_EuropeFoldsAsPutinTellsItToPayUkrainesGazpromBillOrElse.html iehi-feed-53699 Sun, 13 Apr 2014 17:38:14 GMT Germany risks EU fines with record current account surplus http://implode-explode.com/viewnews/2014-04-13_GermanyrisksEUfineswithrecordcurrentaccountsurplus.html A joint report by the leading German institutes, or "Wise Men", said the country's external surplus would keep rising to a modern-era high of 7.9pc of GDP this year, far above the 6pc limit set by Brussels under the new Macroeconomic Imbalance Procedure.

...

Germany first agreed to the new procedure thinking it would be used to punish deficit countries living beyond their means, or to prevent credit booms, deemed to have been the causes of the EMU crisis. German officials seem taken aback that Brussels would also look at the other side of the North-South trade gap.

...

The ... US criticism is that Germany has locked in a structural advantage through EMU, which prevents Germany's currency rising as the D-Mark used to do. This creates a permanently under-valued exchange rate. It not only hurts Club Med but it also has secondary effects on non-EU countries

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iehi-feed-53696 Sun, 13 Apr 2014 14:55:14 GMT CDS: The ultimate in foolish leverage http://implode-explode.com/viewnews/2014-04-13_CDSTheultimateinfoolishleverage.html iehi-feed-53695 Sun, 13 Apr 2014 14:49:18 GMT All Hail The Draghi Put: The Global Bond Market Is Now Well And Truly Broken | David Stockman http://implode-explode.com/viewnews/2014-04-13_AllHailTheDraghiPutTheGlobalBondMarketIsNowWellAndTrulyBrokenDav.html iehi-feed-53691 Fri, 11 Apr 2014 21:42:55 GMT Top economists warn Germany that EMU crisis as dangerous as ever http://implode-explode.com/viewnews/2014-04-11_TopeconomistswarnGermanythatEMUcrisisasdangerousasever.html iehi-feed-53690 Fri, 11 Apr 2014 21:40:29 GMT Draghi Seen Easing Policy by June as ECB Readies Rate Cut http://implode-explode.com/viewnews/2014-04-11_DraghiSeenEasingPolicybyJuneasECBReadiesRateCut.html iehi-feed-53689 Fri, 11 Apr 2014 18:46:31 GMT Food riots and revolution: Grain prices predict political instability http://implode-explode.com/viewnews/2014-04-11_FoodriotsandrevolutionGrainpricespredictpoliticalinstability.html