Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55950 Sat, 24 Jan 2015 01:04:42 GMT Foreclosure echo http://implode-explode.com/viewnews/2015-01-23_Foreclosureecho.html ``Private mortgage insurance was created to help less wealthy people buy homes by reducing the risk to mortgage lenders if the borrower defaults. Generally, home buyers who make less than a 20 percent downpayment must buy the insurance, which typically costs $30 to $70 for every $100,000 borrowed, and pays the bank for some of its losses when the borrower doesn't pay the mortgage and the house goes into foreclosure.

But while the policies have helped hundreds of thousands obtain a mortgage nationwide, they also created a class of home owners who were especially vulnerable when the economy crashed in 2008. They had large mortgages -- sometimes pressed upon them by predatory lenders -- and little equity in their houses. When real estate values collapsed, they often owed more than their houses were worth.''

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iehi-feed-55947 Fri, 23 Jan 2015 16:03:14 GMT SocGen Explains That Since The ECB's QE Will Fail, It Will Need To Be Increased To €3 Trillion, Include Stocks http://implode-explode.com/viewnews/2015-01-23_SocGenExplainsThatSinceTheECBsQEWillFailItWillNeedToBeIncreasedT.html iehi-feed-55946 Fri, 23 Jan 2015 14:32:31 GMT Draghi's Quantitative Shock-and-Awe Lacks Qualitative Heft http://implode-explode.com/viewnews/2015-01-23_DraghisQuantitativeShockandAweLacksQualitativeHeft.html iehi-feed-55941 Fri, 23 Jan 2015 04:31:04 GMT Jim Rickards interview: Fed Won't Raise Rates Anytime Soon; Gold Resuming Role As Money http://implode-explode.com/viewnews/2015-01-22_JimRickardsinterviewFedWontRaiseRatesAnytimeSoonGoldResumingRole.html iehi-feed-55938 Thu, 22 Jan 2015 19:23:21 GMT Is Dollar Next? Investors Reassess After Swiss Shock: Currencies http://implode-explode.com/viewnews/2015-01-22_IsDollarNextInvestorsReassessAfterSwissShockCurrencies.html iehi-feed-55927 Thu, 22 Jan 2015 04:27:59 GMT Distortions, lies and omissions: The New York Times won't tell you the real story behind Ukraine, Russian economic collaps - Salon http://implode-explode.com/viewnews/2015-01-21_DistortionsliesandomissionsTheNewYorkTimeswonttellyoutherealstor.html iehi-feed-55926 Wed, 21 Jan 2015 22:05:05 GMT Rickards: Gold price manipulation is now a global effort to appease China http://implode-explode.com/viewnews/2015-01-21_RickardsGoldpricemanipulationisnowaglobalefforttoappeaseChina.html iehi-feed-55922 Wed, 21 Jan 2015 19:04:19 GMT Central bank prophet fears QE warfare pushing world financial system out of control http://implode-explode.com/viewnews/2015-01-21_CentralbankprophetfearsQEwarfarepushingworldfinancialsystemoutof.html The London Telegraph's Ambrose Evans-Pritchard today interviews William White, the former official of the Bank for International Settlements who, in a speech in 2005 that he must have thought would not escape his immediate audience at the bank, admitted that a primary purpose of international central bank cooperation is to rig the gold market.

...

"We are in a world that is dangerously unanchored," said William White, the Swiss-based chairman of the Organization of Economically Developed Countries' Review Committee. "We're seeing true currency wars and everybody is doing it, and I have no idea where this is going to end."

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iehi-feed-55921 Wed, 21 Jan 2015 18:57:50 GMT IMF downgrades global growth as fears about Europe and Russia overshadow oil windfall http://implode-explode.com/viewnews/2015-01-21_IMFdowngradesglobalgrowthasfearsaboutEuropeandRussiaovershadowoi.html Ahead of the World Economic Forum in Davos, Switzerland, where world leaders gather this week to discuss challenges facing the global economy, the Fund revised down its global growth forecast to 3.5pc this year, from a projection of 3.8pc in October. Growth for 2016 was revised down to 3.7pc, from 4pc.

The IMF said weaker growth would be driven by a further slowdown in the eurozone, China, and a deep contraction in Russia, where the economy is expected to shrink by 3pc this year, from a projection of 0.5pc growth in October. The Fund believes the Russian economy, which has been hit by western sanctions over the crisis in Ukraine, will shrink by 1pc in 2016.

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iehi-feed-55918 Wed, 21 Jan 2015 17:49:25 GMT What Obama didn't say: Address skips over debt, entitlement crisis http://implode-explode.com/viewnews/2015-01-21_WhatObamadidntsayAddressskipsoverdebtentitlementcrisis.html iehi-feed-55916 Wed, 21 Jan 2015 00:44:52 GMT Axel Merk: Are central banks a destabilizing force? http://implode-explode.com/viewnews/2015-01-20_AxelMerkArecentralbanksadestabilizingforce.html iehi-feed-55906 Tue, 20 Jan 2015 13:59:48 GMT Denmark Says It Has Tools to Defend Peg, Unlike Swiss http://implode-explode.com/viewnews/2015-01-20_DenmarkSaysItHasToolstoDefendPegUnlikeSwiss.html iehi-feed-55905 Tue, 20 Jan 2015 13:58:28 GMT Hollande backtracks on statement that ECB QE will begin Thursday http://implode-explode.com/viewnews/2015-01-20_HollandebacktracksonstatementthatECBQEwillbeginThursday.html iehi-feed-55900 Mon, 19 Jan 2015 23:01:22 GMT "Endgame for Central Bankers" Says Saxo Bank CIO http://implode-explode.com/viewnews/2015-01-19_EndgameforCentralBankersSaysSaxoBankCIO.html iehi-feed-55896 Sun, 18 Jan 2015 15:23:56 GMT The ECB's QE Is Coming, Too Small, Late And Might Well Fail http://implode-explode.com/viewnews/2015-01-18_TheECBsQEIsComingTooSmallLateAndMightWellFail.html iehi-feed-55893 Sat, 17 Jan 2015 20:21:42 GMT Fears of deflation rise as consumer prices drop 0.4 percent in December (A FAIT ACCOMPLI FOR THE FED??) http://implode-explode.com/viewnews/2015-01-17_Fearsofdeflationriseasconsumerpricesdrop04percentinDecemberAFAIT.html iehi-feed-55891 Sat, 17 Jan 2015 17:13:40 GMT What game is the House of Saud playing? http://implode-explode.com/viewnews/2015-01-17_WhatgameistheHouseofSaudplaying.html iehi-feed-55881 Fri, 16 Jan 2015 20:07:25 GMT China and Russia to launch new credit rating agency in 2015 http://implode-explode.com/viewnews/2015-01-16_ChinaandRussiatolaunchnewcreditratingagencyin2015.html iehi-feed-55878 Fri, 16 Jan 2015 18:40:47 GMT World deflationary forces have swept away Switzerland's defences http://implode-explode.com/viewnews/2015-01-16_WorlddeflationaryforceshavesweptawaySwitzerlandsdefences.html iehi-feed-55877 Fri, 16 Jan 2015 18:23:12 GMT Von Greyertz, Who Predicted SNB Capitulation Last Dec., Says Massive ECB QE Programme, Gold Breakout Coming http://implode-explode.com/viewnews/2015-01-16_VonGreyertzWhoPredictedSNBCapitulationLastDecSaysMassiveECBQEPro.html