Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-57636 Thu, 03 Sep 2015 18:11:22 GMT Bill Gross: Fed Likely Eyeing 'One and Done' Hike Strategy http://implode-explode.com/viewnews/2015-09-03_BillGrossFedLikelyEyeingOneandDoneHikeStrategy.html iehi-feed-57633 Thu, 03 Sep 2015 17:32:37 GMT View on China's meltdown: the end of a flawed globalisation http://implode-explode.com/viewnews/2015-09-03_ViewonChinasmeltdowntheendofaflawedglobalisation.html iehi-feed-57632 Thu, 03 Sep 2015 10:22:50 GMT Why the Federal Reserve should be audited - John Crudele http://implode-explode.com/viewnews/2015-09-03_WhytheFederalReserveshouldbeauditedJohnCrudele.html The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction. A thorough investigation of the Fed will show once and for all if its former chief Ben Bernanke and current Chairwoman Yellen should go to jail.

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[After the August 24th plunge,] the same magical buying of S&P futures contracts happened Tuesday night and early Wednesday morning. Stocks again went up at the opening on Wednesday, but this time the gain held.

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"Once again, the Federal Reserve helped save the day for investors," the New York Times wrote in a front-page article that cited Dudley's speech.

But that wasn't true -- not unless Dudley's speech leaked ahead of time. Stocks were up before Dudley's talk and actually fell when he began speaking. That was probably due to the fact that Dudley pooh-poohed the idea of another dose of QE.

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iehi-feed-57626 Thu, 03 Sep 2015 09:39:48 GMT Say Goodbye to Normal | KUNSTLER http://implode-explode.com/viewnews/2015-09-03_SayGoodbyetoNormalKUNSTLER.html iehi-feed-57616 Tue, 01 Sep 2015 20:30:22 GMT Lindsay Williams Interviews The Best S&P 500 Caller He's Ever Heard - New Bear Market in Stocks http://implode-explode.com/viewnews/2015-09-01_LindsayWilliamsInterviewsTheBestSP500CallerHesEverHeardNewBearMa.html iehi-feed-57612 Tue, 01 Sep 2015 17:25:34 GMT Duelling Indicators? Euro-Area Unemployment Falls to Lowest Level Since Early 2012; While Global PMIs Languish http://implode-explode.com/viewnews/2015-09-01_DuellingIndicatorsEuroAreaUnemploymentFallstoLowestLevelSinceEar.html Two-Thirds Of Global PMIs Deteriorate In August. Clear as mud, eh? No doubt, as we suspect, the OECD standard legerdemain of dramatically undercounting "unemployment" is partially to blame...]]> iehi-feed-57610 Tue, 01 Sep 2015 17:16:15 GMT The Best And Worst Performing Assets In August: It Was A Good Month For "Pet Rocks," Bad For HFs http://implode-explode.com/viewnews/2015-09-01_TheBestAndWorstPerformingAssetsInAugustItWasAGoodMonthForPetRock.html iehi-feed-57608 Mon, 31 Aug 2015 11:48:53 GMT China punishes 197 over stock market and Tianjin 'rumours' http://implode-explode.com/viewnews/2015-08-31_Chinapunishes197overstockmarketandTianjinrumours.html Families of China's 'disappeared' say country is a place of 'fear and panic'.]]> iehi-feed-57604 Sun, 30 Aug 2015 23:17:16 GMT Fed Minutes Are Minutia Except For One Critically Important, Widely Ignored Detail - The Wall Street Examiner http://implode-explode.com/viewnews/2015-08-30_FedMinutesAreMinutiaExceptForOneCriticallyImportantWidelyIgnored.html iehi-feed-57602 Sun, 30 Aug 2015 22:44:49 GMT China is in a serious bind but this is not yet a 'Lehman' moment http://implode-explode.com/viewnews/2015-08-30_ChinaisinaseriousbindbutthisisnotyetaLehmanmoment.html My own view - with low conviction, as they say in the hedge fund world - is that China will weather this immediate storm, though with difficulty. Fiscal spending is growing at 13pc again. There is already enough juice in the pipeline to flatter growth for a few more months. The housing maket is coming back from the dead. Services are growing at a 10pc pace.

Another stop-go cycle is picking up. Each time it is weaker, but it is still enough to delay the denouement until next year, and next year is an epoch away in market time.

Watch the offshore exchange rate for the renminbi. If that keeps spiraling further away from the inland rate, we will know that matters are out of hand, and then we really will have a global currency crisis. We are not there yet.

Interesting opinion, though we note that in brushing off the probability of a market crash (following on what started in the last couple weeks), AEP ignores the de-leveraging effect of a Fed rate rise (funny because he simultaneously says the US economy is "picking up steam")

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iehi-feed-57598 Sun, 30 Aug 2015 11:26:00 GMT Despite Being A 'Pet Rock', The Premium For Physical Bullion Is Exploding http://implode-explode.com/viewnews/2015-08-30_DespiteBeingAPetRockThePremiumForPhysicalBullionIsExploding.html iehi-feed-57587 Fri, 28 Aug 2015 16:37:09 GMT China Stunner: Real GDP Is Now A Negative -1.1% - Evercore http://implode-explode.com/viewnews/2015-08-28_ChinaStunnerRealGDPIsNowANegative11Evercore.html iehi-feed-57586 Fri, 28 Aug 2015 14:15:41 GMT Consumer spending rises in July (BUT DISAPPOINTS) http://implode-explode.com/viewnews/2015-08-28_ConsumerspendingrisesinJulyBUTDISAPPOINTS.html the ZeroHedge counter-spin version of this news.]]> iehi-feed-57573 Thu, 27 Aug 2015 22:16:19 GMT Stock market surges on "Dudley Bounce" http://implode-explode.com/viewnews/2015-08-27_StockmarketsurgesonDudleyBounce.html iehi-feed-57572 Thu, 27 Aug 2015 17:07:07 GMT Consumer Metrics Institute: BEA 2nd Quarter 2015 GDP Growth Figure Rests on Questionable GDP Deflator http://implode-explode.com/viewnews/2015-08-27_ConsumerMetricsInstituteBEA2ndQuarter2015GDPGrowthFigureRestsonQ.html iehi-feed-57554 Tue, 25 Aug 2015 16:25:08 GMT China's market Leninism turns dangerous for the world http://implode-explode.com/viewnews/2015-08-25_ChinasmarketLeninismturnsdangerousfortheworld.html It turned into a global rout after the Shanghai composite index crashed 8.5pc on China's "Black Monday", pulverizing its July lows after the central bank (PBOC) - oddly passive - refused to come to the rescue as expected with a cut in the reserve requirement ratio for banks.

Beijing's botched efforts to prop up the country's stock markets have collapsed. An estimated $300bn of state-orchestrated buying achieved nothing, overwhelmed by an avalanche of selling by investors forced to cover margin debt.

Professor Christopher Balding from Peking University wrote on FT Alphaville that China is lurching from one incoherent policy to another, shedding credibility and its aura of omnipotence at every stage. "There is a very real risk that Beijing is losing control of the story," he said.

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Whether or not China's economy is as weak as feared, the crisis is feeding a global chain-reaction through the entire nexus of emerging markets (EM), now half the global economy and therefore a greater threat than in the previous EM crises of the early 1980s and the late 1990s. "We are seeing the worst of all storms for emerging market currencies," said Bernd Berg from Societe Generale.

"This crisis has the potential to become worse than the Asian crisis in 1997/98 as it is spreading globally. Panic selling is triggering a bloodbath among EM currencies," he said.

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The Fed cannot cut rates this time, but it can issue a clear signal that it plans to delay rate rises. The futures markets are already pricing this in, slashing the chance of a rise in September to just 24pc, down from 50pc on Thursday.

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iehi-feed-57536 Sun, 23 Aug 2015 14:52:39 GMT The Last Great Bubble may finally be starting to pop http://implode-explode.com/viewnews/2015-08-23_TheLastGreatBubblemayfinallybestartingtopop.html iehi-feed-57531 Fri, 21 Aug 2015 21:15:50 GMT Stock market plummets more than 530 points, its worst one-day drop since 2008 http://implode-explode.com/viewnews/2015-08-21_Stockmarketplummetsmorethan530pointsitsworstonedaydropsince2008.html iehi-feed-57527 Fri, 21 Aug 2015 14:06:23 GMT Can Kickers United----Why It's Getting Downright Hazardous Out There | David Stockman http://implode-explode.com/viewnews/2015-08-21_CanKickersUnitedWhyItsGettingDownrightHazardousOutThereDavidStoc.html iehi-feed-57521 Thu, 20 Aug 2015 21:03:15 GMT Wall Street Selloff: S&P Joins Dow in Negative Territory for '15 http://implode-explode.com/viewnews/2015-08-20_WallStreetSelloffSPJoinsDowinNegativeTerritoryfor15.html