Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-57925 Tue, 06 Oct 2015 16:33:30 GMT Bernanke says ‘not obvious' economy can handle interest rates at 1% iehi-feed-57924 Tue, 06 Oct 2015 16:30:56 GMT Morgan Stanley Predicts Up To A 25% Collapse in Q3 Fixed Income, Currencies and Commds. Revenue iehi-feed-57917 Tue, 06 Oct 2015 14:03:34 GMT Lessig: I'm Trying to Run for President, but the Democrats Won't Let Me iehi-feed-57916 Tue, 06 Oct 2015 14:02:41 GMT By Bombing Terrorists in Syria Russia Hits Washington's Raw Nerve iehi-feed-57911 Mon, 05 Oct 2015 16:42:16 GMT You can print money, so long as it's not for the people Decades of credit extension have perverted the housing market to turn a mortgage into a lifetime's bonded servitude. The economists Jordá, Schularick and Taylor argued convincingly last year that the causes of this economic crisis, the next and the one before are all, fundamentally, the extension of credit and its impact on house prices. So the magic money tree isn't gushing cash in a socially responsible fashion (if it were used responsibly, it wouldn't be magic) but the idea that we have a centrally planned, carefully stewarded monetary policy, with finite creation and demonstrable long-term aims, which some loonie leftie wants to come along and unravel, is simply wrong.


None of this is to say that people's QE is straightforward and unproblematic; Corbyn is talking about spending on infrastructure (housing, broadband), whereas that phrase as it was coined described helicopter money, or overt money financing, literally getting money into the economy by randomly giving it to people. They're two discrete propositions -- overt money financing and green and social investment -- and rolling them into one doesn't do much to promote understanding on this terrain.

iehi-feed-57906 Mon, 05 Oct 2015 03:13:08 GMT The Unwind Of QE Means The "S&P Should Be Trading At Half Of Its Value", Deutsche Bank Warns iehi-feed-57898 Sat, 03 Oct 2015 22:37:19 GMT Kocherlakota Says Low Inflation Warrants Further Fed Stimulus iehi-feed-57897 Sat, 03 Oct 2015 15:51:35 GMT India's Massive Silver Demand Nearing 2x U.S. Level iehi-feed-57896 Sat, 03 Oct 2015 15:44:19 GMT Doug Noland: Party Crashing iehi-feed-57893 Sat, 03 Oct 2015 13:20:50 GMT Credit Investors Bolt Party as Economy Fears Eclipse Low Rates Frustration is growing that even after seven years of easy-money policies, economic growth remains sluggish. While the Federal Reserve is signaling that it's in no hurry to normalize interest rates, investors are increasingly worried about what the data will mean for earnings at companies that have sold $9.3 trillion of corporate bonds since the start of 2009.

"At some point the financial markets say, ‘Enough about monetary stimulus, we need real growth,'" said Jack McIntyre, who helps oversee $54 billion at Brandywine Global Investment Management LLC in Philadelphia. "Bad things happen in a low-growth environment. There's more risk, more potholes."

iehi-feed-57891 Fri, 02 Oct 2015 20:15:08 GMT U.S. job growth stumbles, raising doubts on economy iehi-feed-57886 Fri, 02 Oct 2015 13:19:39 GMT New Metric: Get ready for a ‘destruction of wealth' as stocks head toward a bear market Carl Icahn says 'joyride' for stock market is over.]]> iehi-feed-57885 Fri, 02 Oct 2015 13:16:34 GMT About That Silver "Price Decline"? Not If You Want To Buy Any... Here's a trio of pieces from ShareLynx on silver price "premiums" (also know as the difference between the real-world physical bullion price and the manipulated, fake COMEX price):

iehi-feed-57884 Fri, 02 Oct 2015 13:04:31 GMT The illusion of liquidity - Satyajit Das iehi-feed-57881 Thu, 01 Oct 2015 16:49:32 GMT Dow suffers rare 3-quarter losing streak iehi-feed-57876 Thu, 01 Oct 2015 16:12:02 GMT As Manhattan Prices Keep Climbing, Inventory Plummets iehi-feed-57874 Wed, 30 Sep 2015 19:16:22 GMT China Bought Gold With Proceeds From Record Sale Of US Treasurys; is Now Adding Monthly iehi-feed-57873 Wed, 30 Sep 2015 19:13:04 GMT ‘Cold Fusion' Is Citi's Answer to Fading Central Bank Firepower (QE TO INFINITY/INSANITY) forced to do... and now here it is, in "respectable" type...]]> iehi-feed-57871 Wed, 30 Sep 2015 16:32:47 GMT 6 Out Of 6 Fed Surveys Say US Is In "Recession" iehi-feed-57864 Wed, 30 Sep 2015 14:33:23 GMT Does the GOP Want to Win the Presidency in 2016? | Mandelman Matters