Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56598 Tue, 28 Apr 2015 15:21:00 GMT U.S. Consumer Confidence Unexpectedly Hits a Four-Month Low iehi-feed-56593 Tue, 28 Apr 2015 13:20:26 GMT Correction ahead? Investors exit stocks despite new records iehi-feed-56591 Mon, 27 Apr 2015 20:40:19 GMT World's coolest economist (Pettis) hot on his numbers iehi-feed-56589 Mon, 27 Apr 2015 16:17:42 GMT Boston Fed Admits There Is No Exit, Suggests QE Become "Normal Monetary Policy" iehi-feed-56571 Fri, 24 Apr 2015 12:33:43 GMT These Two Assets Prove "Recovery" Narrative Bunk iehi-feed-56570 Fri, 24 Apr 2015 12:29:53 GMT Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009 This isn't the list of a single troubled sector that ran out of luck. This isn't a single issue, such as the oil-price collapse. It's a broader phenomenon: too much debt across a struggling economy. And now the reckoning has started.

The list only contains publicly traded companies that have already filed. But the energy sector, for example, is full of companies that are owned by private equity firms, such as natural gas driller Samson Resources, which warned in March that it might resort to bankruptcy to restructure its debt. Similar troubles are building up in other sectors.

iehi-feed-56541 Mon, 20 Apr 2015 20:26:07 GMT "NO INFLATION" WATCH: NJ Transit proposes 9% fare hike iehi-feed-56540 Mon, 20 Apr 2015 20:22:23 GMT Volcker urges sweeping regulatory reform "We urge Congress, the administration, existing regulatory agencies, and financial institutions themselves to step up to the needed debate and set out an agreed framework for reform suitable for the 21st Century," said Volcker, the founder and chairman of the Volcker Alliance, a nonpartisan, nonprofit organization.

The system for regulating financial institutions in the United States is "highly fragmented, outdated, and ineffective," said the group's new report, "Reshaping the Financial Regulatory System," which was released at a National Press Club event.

The plan urges lawmakers to establish an oversight group, run by the Federal Reserve, with responsibility for all significant financial reform.


A major change the Volcker report advocates is combining the Securities and Exchange Commission, the main regulator of securities, and the Commodity Futures Trading Commission, which oversees futures and options, into a new regulator designed to better protect investors.

Other key suggestions from the report include establishing a new independent agency, the Prudential Supervisory Authority, that has a strong link to the Federal Reserve, and moving the Office of Financial Research out of the Treasury Department.

The slight flaw we find in this is that it still puts the Fed in charge -- in fact, even moreso. But the Fed is the main agitator in creating serial credit bubbles, and being structurally blind to regulatory reforms and enforcement that needs to be applied, when it needs to be applied (in other words, the Fed itself is "pro-cyclical", when an institution that is capable of being counter-cyclical is needed).

iehi-feed-56536 Mon, 20 Apr 2015 15:29:03 GMT You Do Need A Weatherman - Steve Keen iehi-feed-56528 Sun, 19 Apr 2015 04:07:29 GMT Doug Noland: Horrible Risk Versus Reward iehi-feed-56525 Sun, 19 Apr 2015 03:55:00 GMT Core Inflation Jumps Most Since October Due To Rent, Healthcare Costs iehi-feed-56524 Sun, 19 Apr 2015 01:39:30 GMT Stocks Super-Disconnected From Macro-Economy: Chart iehi-feed-56522 Sat, 18 Apr 2015 00:39:54 GMT Greece enters twilight zone as visions of euro exit take shape iehi-feed-56517 Fri, 17 Apr 2015 00:13:19 GMT The Russian Sanctions, Not Economy Are in "Tatters" iehi-feed-56514 Tue, 14 Apr 2015 22:33:58 GMT "There Are Big, Big Problems" - The Shocker Crushing The Economy Revealed iehi-feed-56506 Tue, 14 Apr 2015 12:51:04 GMT "We Have Come To The End Of The Road" - Greece Prepares For Default, FT Reports iehi-feed-56504 Mon, 13 Apr 2015 22:26:22 GMT Japan Gov. Has Revised Away Inflation Since 2014 -- An Excuse for Unhinged Money-Printing? iehi-feed-56492 Fri, 10 Apr 2015 22:22:22 GMT Tocqueville - Dollar "Strength" Portents Currency Instability; Market Crashes iehi-feed-56491 Fri, 10 Apr 2015 14:19:49 GMT Recession 2.0: Abysmal Wholesale Sales Join Factory Orders In Confirming US Economic Contraction iehi-feed-56490 Fri, 10 Apr 2015 14:18:29 GMT Treasury Flash Crash of October 15, 2014 Still Has Wall Street in a Sweat