Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56781 Fri, 22 May 2015 20:50:35 GMT OECD - "We Reached The Tipping Point": Income Inequality Is Highest Since Records Began iehi-feed-56780 Fri, 22 May 2015 20:46:58 GMT China, Brazil Agree to $50 billion Infrastructure Fund, Trans-Oceanic Railway and Billions More in Deals iehi-feed-56778 Fri, 22 May 2015 19:44:47 GMT Austria Confirms Repatriates 110 Tons Of Gold From BOE iehi-feed-56777 Fri, 22 May 2015 19:42:15 GMT You should probably take a look at what's happened to earnings... iehi-feed-56776 Fri, 22 May 2015 17:14:54 GMT Shenzhen Stocks Rising 500% Dwarf Hong Kong Shares Wild Ride iehi-feed-56775 Fri, 22 May 2015 16:51:44 GMT Renzi is still dodging big Italian pension fight (IT) iehi-feed-56774 Fri, 22 May 2015 14:24:27 GMT Greek Banks will be asked to revise their restructuring plans iehi-feed-56773 Fri, 22 May 2015 14:21:43 GMT There's a simple way to make sure bankers don't rig the markets again iehi-feed-56772 Fri, 22 May 2015 14:11:41 GMT BofA: It's Time to Hold More Cash and Buy Gold iehi-feed-56770 Fri, 22 May 2015 14:06:56 GMT UBS Shielded From Charges in U.S. Precious-Metals Probe The Swiss bank's main UBS AG unit won't be charged by the department's criminal division for information the firm disclosed to prosecutors about precious-metals transactions, according to the company's plea agreement released on Wednesday to resolve a probe into interest-rate manipulation.

Prosecutors have been investigating whether at least 10 banks, including Barclays Plc, JPMorgan Chase & Co. and Deutsche Bank AG, manipulated prices of precious metals such as silver and gold, Bloomberg reported in February. The scrutiny follows international probes into the rigging of financial benchmarks for rates and currencies, which have yielded billions of dollars in fines.

iehi-feed-56769 Fri, 22 May 2015 13:54:43 GMT Ray Dalio Slams Buffett For Being "Wrong On Gold", Says "Social Disruption" Is Inevitable iehi-feed-56768 Fri, 22 May 2015 13:53:50 GMT Stocks Slump After Liesman Reports GDP To Be "Double Seasonally-Adjusted" Upward iehi-feed-56765 Thu, 21 May 2015 15:51:39 GMT Japan Prime Minister Unveils $110 Billion Plan for Asian Infrastructure iehi-feed-56764 Thu, 21 May 2015 15:36:14 GMT The Gloves Come Off: Moody's Warns Of Greek The Gloves Come Off: Moody's Warns Of Greek "Deposit Freeze" As Schauble "Won't Rule Out Default" iehi-feed-56762 Thu, 21 May 2015 15:19:27 GMT Has the Fed got a grasp on economic reality? Economists who don't understand where the vast majority of 'money' comes from (Paul Krugman has admitted that he can't recognize this ) are like heart surgeons who have only ever attended dental school.

They didn't spot the onset of the GFC because they didn't even know where to look for warning signs: The role of private debt in creating booms and busts is still ignored while an expanded money supply is being asked to do the heavy lifting of stimulating economic activity (for which it is totally unequal to the task) while the risk of creating asset bubbles goes largely ignored (once again)...

iehi-feed-56761 Thu, 21 May 2015 14:17:55 GMT Global "Missing Inflation Mystery" Risks Making Central Bankers Bystanders ... central banks have repeatedly overestimated inflation since the middle of 2011, according to Marvin Barth, head of European foreign-exchange strategy at Barclays Plc in London. To him, a mounting concern is that about a third of the decade-long decline in worldwide inflation is potentially inexplicable.

If he's right then what he calls "global missingflation" threatens the ability of Yellen and company to push up prices and raises questions over whether they will ever be able to declare mission accomplished and truly end their use of easy stimulus.


[In Barth's research, ] once he allowed for traditional drivers of prices such as demand or productivity, he found 35 percent of the slide in global inflation hard to pin down. Among the possible reasons could be deleveraging, technological progress, globalization, aging populations or China's deflationary impulse.

... the inflation puzzle is a reason for central banks to worry about the power of policy and may leave them reliant on factors over which they have less control such as commodities, currencies or wages to propel prices. Worse still is the risk that financial markets and the public lose faith in policy makers to control inflation. The inflation expectations of both over the next five years may start to suggest such doubts.

Of course this will continue to be a "mystery" as long as central bankers refuse to factor in asset inflation and other day-to-day expenses in the real world, such as financing costs.

iehi-feed-56760 Thu, 21 May 2015 14:13:10 GMT Guilty Pleas and Heavy Fines Now Just Cost of Business for Wall St. iehi-feed-56759 Thu, 21 May 2015 14:06:34 GMT ‘Shale-ionaires' Suffering from Wave of Bankrupt Oil Drillers - Bloomberg Business iehi-feed-56758 Thu, 21 May 2015 14:02:34 GMT Putin Pans Ukraine's Debt Moratorium As "De Facto Default", Threatens Court iehi-feed-56756 Wed, 20 May 2015 18:34:31 GMT Fed Is Unlikely to Raise Interest Rates in June, Minutes Show