Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-60733 Sat, 24 Sep 2016 16:19:52 GMT The Fed's Missed Window & Failed Realizations http://implode-explode.com/viewnews/2016-09-24_TheFedsMissedWindowFailedRealizations.html iehi-feed-60727 Fri, 23 Sep 2016 19:07:01 GMT You're Not as Rich as You Think - Satyajit Das http://implode-explode.com/viewnews/2016-09-23_YoureNotasRichasYouThinkSatyajitDas.html iehi-feed-60725 Fri, 23 Sep 2016 18:59:54 GMT Gallup: If small businesses keep dying "We'll lose the whole middle class" http://implode-explode.com/viewnews/2016-09-23_GallupIfsmallbusinesseskeepdyingWelllosethewholemiddleclass.html According to the U.S. Small Business Administration, 65% of all new jobs are created by small businesses, not large ones. Here's the crisis: The deaths of small businesses recently outnumbered the births of small businesses. The U.S. Census Bureau reports that the total number of business startups and business closures per year crossed for the first time in 2008

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Let's say someone has a good middle-class job that pays $65,000 a year. That job goes away in a changing, disrupted world, and his new full-time job pays $14 per hour -- or about $28,000 per year. That devastated American remains counted as "full-time employed" because he still has full-time work -- although with drastically reduced pay and benefits. He has fallen out of the middle class and is invisible in current reporting.

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iehi-feed-60723 Fri, 23 Sep 2016 15:12:42 GMT Trump's campaign paid his businesses $8.2 million (SO FAR) http://implode-explode.com/viewnews/2016-09-23_Trumpscampaignpaidhisbusinesses82millionSOFAR.html iehi-feed-60721 Thu, 22 Sep 2016 19:51:00 GMT Clinton Campaign Systematically Overcharging Poorest Donors http://implode-explode.com/viewnews/2016-09-22_ClintonCampaignSystematicallyOverchargingPoorestDonors.html iehi-feed-60719 Thu, 22 Sep 2016 14:36:41 GMT With Mortgage Rates So Low, Why Are So Many People Still Renting? http://implode-explode.com/viewnews/2016-09-22_WithMortgageRatesSoLowWhyAreSoManyPeopleStillRenting.html iehi-feed-60718 Thu, 22 Sep 2016 14:35:15 GMT Study: Most Small Businesses Barely Staying Afloat http://implode-explode.com/viewnews/2016-09-22_StudyMostSmallBusinessesBarelyStayingAfloat.html iehi-feed-60714 Thu, 22 Sep 2016 01:15:07 GMT No, the Fed Doesn't Have a Plan. Yes, It Really is Monetizing Government Debt http://implode-explode.com/viewnews/2016-09-21_NotheFedDoesntHaveaPlanYesItReallyisMonetizingGovernmentDebt.html And Fed critics have argued since 2008 that "normal" monetary policy would never return, that QE would never be unwound, and that artificially low (or even negative) interest rates were here to stay. In other words, that the Fed and its 300 Ivy League economists don't know what to do other than kick the can down the road another few months while hoping for a miraculous economic recovery.

Fast forward to today, and the recovery hasn't materialized. And Fed officials, current and former, are singing a different tune about ever restoring the balance sheet to pre-2008 levels.

... even progressive WaPo readers sense that the Fed is clueless, and that there are no brilliant people in Washington working on a "plan" to save us. Extraordinary monetary policy is the new normal, and all those pundits who assumed the Fed knew what it was doing were- and are- wrong.

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iehi-feed-60712 Wed, 21 Sep 2016 23:16:34 GMT About That OTHER Presidential Candidate Operating a Charity For Personal Benefit... http://implode-explode.com/viewnews/2016-09-21_AboutThatOTHERPresidentialCandidateOperatingaCharityForPersonalB.html iehi-feed-60709 Wed, 21 Sep 2016 22:32:41 GMT Yellen Rebuffs Pressure to Hike as Fed "Gives Economy Room to Run" http://implode-explode.com/viewnews/2016-09-21_YellenRebuffsPressuretoHikeasFedGivesEconomyRoomtoRun.html Federal Reserve Chair Janet Yellen braved mounting opposition inside and outside the U.S. central bank and delayed an interest-rate increase again to give the economy more room to run.

While agreeing that the case for a rate rise had strengthened, Yellen on Wednesday argued that it made sense to put off a move for now amid signs that discouraged Americans who dropped out of the labor market are returning and looking for work.

Look at that; the Fed found an excuse... quelle suprise!! Gold and silver blasted off in response (and if there was less manipulation, they'd be up considerably more, just to preserve their pre-hike-headfake momentum...)

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iehi-feed-60704 Tue, 20 Sep 2016 13:54:01 GMT Slowly, Then All at Once - Kunstler http://implode-explode.com/viewnews/2016-09-20_SlowlyThenAllatOnceKunstler.html iehi-feed-60703 Tue, 20 Sep 2016 13:49:28 GMT "The Big Short's" Steve Eisman Reveals What The Next Big Short Is http://implode-explode.com/viewnews/2016-09-20_TheBigShortsSteveEismanRevealsWhatTheNextBigShortIs.html iehi-feed-60702 Mon, 19 Sep 2016 23:44:29 GMT Boockvar: The 35-year bond bull market really is over http://implode-explode.com/viewnews/2016-09-19_BoockvarThe35yearbondbullmarketreallyisover.html iehi-feed-60699 Mon, 19 Sep 2016 20:25:51 GMT The Ongoing Collapse of Economics http://implode-explode.com/viewnews/2016-09-19_TheOngoingCollapseofEconomics.html iehi-feed-60698 Mon, 19 Sep 2016 19:43:12 GMT Many car brands emit more pollution than Volkswagen, report finds http://implode-explode.com/viewnews/2016-09-19_ManycarbrandsemitmorepollutionthanVolkswagenreportfinds.html iehi-feed-60692 Mon, 19 Sep 2016 03:02:31 GMT Errant Bombing of Syrian Troops Weakens U.S. Effort to Curb Violence http://implode-explode.com/viewnews/2016-09-18_ErrantBombingofSyrianTroopsWeakensUSEfforttoCurbViolence.html The United States had thought that if a deal to ease hostilities in Syria, struck by Secretary of State John Kerry and his Russian counterpart in Geneva nine days ago, fell apart, it would reveal Russia's duplicity in the war, in which Moscow has supported the Syrian president, Bashar al-Assad.

Instead, the mistaken bombing -- American pilots thought they were aiming at Islamic State jihadists but instead killed more than 60 Syrian soldiers, according to the Russian military -- again exposed the White House's struggle to put together a coherent strategy in a multisided war. The United States has conflicting aims in the war, from defeating the Islamic State to ultimately easing Mr. Assad out of office.

Nearly a year after Mr. Kerry began a diplomatic process to reduce the violence, and then a political accord for a transition in power, he appears no closer to that goal than when he started. The early American calls for Mr. Assad to leave office have been muted because of fears that a power vacuum in Damascus would be exploited by jihadists.

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The situation in Syria on Sunday showed that the cease-fire that began last Monday was fraying. Fighter jets fired at least four missiles at opposition neighborhoods in Aleppo, Syria's largest city, while Syrian government helicopters dropped improvised barrel bombs on a village in the country's south, killing at least nine people, a conflict monitor said.

Many American officials believe that the Russians were never serious about the deal that was sealed in Geneva. The officials argue that the Russians were looking for an excuse that would derail it and keep a status quo in which they have more control over events in Syria than any other power, with the possible exception of Iran. If so, the accidental bombing made that process easier.

... the deadly bombing underscored how difficult it has been to ensure that the American and Russian militaries do not become entangled on Syria's complicated battlefield, much less to coordinate their targeting.

... Sunday's airstrikes in Aleppo, which is divided between government and opposition forces, were the first to hit the city since the agreement went into effect last Monday. It was unclear whether the strikes had been launched by Syrian or Russian jets, both of which frequently bomb the opposition.

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iehi-feed-60691 Sun, 18 Sep 2016 17:51:16 GMT "Great Outsider" Trump Goes For Easy Straw-Man "Political" Critique of Fed http://implode-explode.com/viewnews/2016-09-18_GreatOutsiderTrumpGoesForEasyStrawManPoliticalCritiqueofFed.html iehi-feed-60690 Sun, 18 Sep 2016 17:47:57 GMT China Not Delivering on Economic Reform Promises As Excess Capacity Looms http://implode-explode.com/viewnews/2016-09-18_ChinaNotDeliveringonEconomicReformPromisesAsExcessCapacityLooms.html "We remain highly skeptical that there is any real underlying change to the way heavy industries are operating and believe that the margin recovery in steel, in particular, is largely due to better demand from stimulus, rather than supply-side reforms," investment bank Macquarie wrote in a note. The goal of the reform is to close down excess capacity in steel and coal, for example, and make Chinese producers more efficient.

... while a significant amount of capacity has been closed so far in 2016, it is far below target. According to the National Development and Reform Commission (NDRC), producers reached only 38 percent of their coal capacity and 47 percent of their steel capacity target cuts.

For example, Hebei Province was supposed to close down 18.4 million tons of steel-producing capacity in 2016. By the end of July, it had only closed down 1.9 million tons, according to Goldman Sachs.

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iehi-feed-60689 Sun, 18 Sep 2016 16:14:51 GMT Is The US Slipping Into Recession? - The Wall Street Examiner http://implode-explode.com/viewnews/2016-09-18_IsTheUSSlippingIntoRecessionTheWallStreetExaminer.html iehi-feed-60687 Sun, 18 Sep 2016 14:12:39 GMT Ken Rogoff's Government Debt Default Plan http://implode-explode.com/viewnews/2016-09-18_KenRogoffsGovernmentDebtDefaultPlan.html