Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55680 Wed, 17 Dec 2014 22:14:34 GMT Convicted Mortgage Fraud Kingpin Attempts Shawshank Style Prison Break iehi-feed-55590 Fri, 05 Dec 2014 15:37:11 GMT ECB paralyzed by split as irreversible deflation trap draws closer iehi-feed-55551 Sun, 30 Nov 2014 14:40:14 GMT This FHA Foreclosure Defense Strategy Stops Lenders In Their Tracks iehi-feed-55550 Sun, 30 Nov 2014 14:37:22 GMT A Record 62K Detroit Properties Owing $326M In Taxes Going To Auction In 2015 iehi-feed-55549 Sun, 30 Nov 2014 14:35:32 GMT Detroit's Squatter Pandemic Is Chasing Away Millions In RE Investment iehi-feed-55503 Fri, 21 Nov 2014 23:31:38 GMT Love Them or Loathe... Him? Ron Lieber on Reverse Mortgages - Mandelman Matters iehi-feed-55502 Fri, 21 Nov 2014 18:29:49 GMT De Blasio Hires Convicted Mortgage Scammer As NYC's Ebola Cleanup Czar iehi-feed-55495 Thu, 20 Nov 2014 21:10:50 GMT Gold Demand Explodes 'Round The World (ROUNDUP) Here is a round-up of stories from the last few days showing (in contrary to a few curious news stories) demand for physical gold exploding around the world in response to unusually low prices.

  • Eric Sprott: Global Gold Demand Is Overwhelming Supply -
    We see almost 60 tons a week being delivered on the Shanghai Gold Exchange. Well, you start annualizing 60 tons a week you're talking 3,000 tons a year now. We saw 94 tons of gold go into India in September. We saw the Russian Central Bank buy 37 tons of gold in September. I mean I could come up with numbers that might suggest that we've got 400 tons a week of demand. And we only got 230 tons a week of mine supply. And I've only gotten to three data points. I haven't even gone to the rest of the world.
  • Who's Feeding China's Gold Hunger? -
    This year the Chinese have started to import more gold directly into the mainland, circumventing Hong Kong. Unfortunately China itself doesn't publish gold trade data -- as they prefer to keep the world uninformed about their gold hunger not to influence the price. China openly changed import policy in April (from 1:14):
  • India Precious Metals Import Explodes In October -
    Despite all efforts from the Indian government to curtail India's demand for precious metals -- for example a 10 % import duty on both gold and silver, the Indian people continue to put their savings in a store of value they consider being prudent; precious metals.
  • Low UAE gold prices set off buying surge -
    ... the ongoing softness in global gold prices are prompting more shoppers to snap up more of the metal in its various forms. According to estimates from the local jewellery trade, retail offtake for the full year in the UAE could be up by 15-20 per cent in volume terms (in kilograms) compared with 2013. If only the second half of the year is taken into account, which was when prices started to show real weakness, volume gains could even be in the 40 per cent range.
  • `Gold Wars' - Swiss Gold Shenanigans Intensify Prior To November 30 Vote -
    The Swiss National Bank (SNB) and establishment parties went "all in" during the week and intensified their campaign. They suggested that passing the Swiss Gold Initiative would be a `fatal' for Switzerland and would be positive only for speculators.
iehi-feed-55427 Thu, 13 Nov 2014 20:59:06 GMT Vito Corleone's New York Mansion On The Market For $2.89 Million iehi-feed-55401 Mon, 10 Nov 2014 17:04:49 GMT "Land mines" threaten housing recovery, could trigger surge in defaults | Mandelman Matters iehi-feed-55393 Sun, 09 Nov 2014 13:03:49 GMT Banks Urge Investors To Buy For-Profit College Stocks iehi-feed-55369 Thu, 06 Nov 2014 15:19:42 GMT Screwing Our Vets Is an American Tradition | Richard Zombeck ``Fourth Quarter's management company, Burgwyn Residential Management Services, LLC are now the subject of a HUD complaint filed by Mitchell and 10 other disabled vets with the help of Lacefield and Coleman, LLC.

According to The Denver Post, Fourth Quarter Apartments receives a 20-year subsidy of $201,600 annually from a local non-profit. Additionally, according to a March 2014 Denver City Council meeting agenda, they could be receiving an additional $584,457 every year from the city of Denver.

Earlier this month, the tenants of Fourth Quarter Apartments, with the help of Lacefield and Coleman Fair Housing Advocates, LLC, a firm that helps homeowners and tenants with Fair Housing and Fair Lending complaints, filed multiple complaints with HUD against the property management company, Burgwyn Residential Management Services, LLC and property manager Jill Montgomery.''

iehi-feed-55356 Tue, 04 Nov 2014 20:38:16 GMT Could Fallout From The NYDFS Investigation Bankrupt OCWEN? iehi-feed-55343 Mon, 03 Nov 2014 16:14:30 GMT Fed to Stop Bond Buying, Uncharted Waters Ahead - Mandelman Matters iehi-feed-55319 Thu, 30 Oct 2014 22:54:46 GMT 100,000+ Detroiters Could Be Homeless Due To Deadbeat Landlords iehi-feed-55296 Tue, 28 Oct 2014 20:52:35 GMT Are Deutsche Bank & OCWEN Trying To Steal The Home Of A Military Veteran With Cancer? iehi-feed-55280 Thu, 23 Oct 2014 20:34:22 GMT SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending | Mandelman Matters iehi-feed-55246 Sun, 19 Oct 2014 18:53:00 GMT Foreclosures Rising 1st Time in 3 Years, Says RealtyTrac - Mandelman iehi-feed-55233 Thu, 16 Oct 2014 16:03:13 GMT Future SHOCK for Older Homeowners: You Won't Get a HELOC, a Second, or Refi based on your Equity | Mandelman Matters iehi-feed-55211 Tue, 14 Oct 2014 14:28:45 GMT Mass Protest Planned At David Trott's Posh Real Estate Office