Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56528 Sun, 19 Apr 2015 04:07:29 GMT Doug Noland: Horrible Risk Versus Reward http://implode-explode.com/viewnews/2015-04-19_DougNolandHorribleRiskVersusReward.html iehi-feed-56527 Sun, 19 Apr 2015 04:01:55 GMT Unsound Banking: Why Most of the World's Banks Are Headed for Collapse http://implode-explode.com/viewnews/2015-04-19_UnsoundBankingWhyMostoftheWorldsBanksAreHeadedforCollapse.html iehi-feed-56526 Sun, 19 Apr 2015 03:58:36 GMT Rickards: Oil -- The good, the bad and the ugly http://implode-explode.com/viewnews/2015-04-18_RickardsOilThegoodthebadandtheugly.html iehi-feed-56525 Sun, 19 Apr 2015 03:55:00 GMT Core Inflation Jumps Most Since October Due To Rent, Healthcare Costs http://implode-explode.com/viewnews/2015-04-18_CoreInflationJumpsMostSinceOctoberDueToRentHealthcareCosts.html iehi-feed-56524 Sun, 19 Apr 2015 01:39:30 GMT Stocks Super-Disconnected From Macro-Economy: Chart http://implode-explode.com/viewnews/2015-04-18_StocksSuperDisconnectedFromMacroEconomyChart.html iehi-feed-56523 Sat, 18 Apr 2015 23:06:58 GMT Draghi - Europe ready for Grexit contagion; Athens gets closer to Russian cash http://implode-explode.com/viewnews/2015-04-18_DraghiEuropereadyforGrexitcontagionAthensgetsclosertoRussiancash.html Mario Draghi, the ECB's president, said it would be far better for everybody if Greece recovers within EMU but made it clear that the currency bloc is no longer vulnerable to the immediate chain-reaction seen in earlier phases of the debt crisis.

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Greek sources have told The Telegraph that Syriza may sign a deal with Russia for Gazprom's "Turkish Stream" pipeline project as soon as next week, unlocking as much as €3bn to €5bn in advance funding.

This confirms a report in Germany's Spiegel magazine, initially denied by both the Russian and Greek governments. It is understood that the deal is being managed by Panagiotis Lafazanis, Greece's energy minister and head of Syriza's militant Left Platform, a figure with long-standing ties to Moscow.

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Bridging finance from the Kremlin would transform the situation, allowing Greece to avert a disastrous clash with the IMF. Syriza could then confine its dispute to EMU creditors and particularly to the ECB, the body deemed enemy number one by embittered Syriza ministers.

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iehi-feed-56522 Sat, 18 Apr 2015 00:39:54 GMT Greece enters twilight zone as visions of euro exit take shape http://implode-explode.com/viewnews/2015-04-17_Greeceenterstwilightzoneasvisionsofeuroexittakeshape.html iehi-feed-56521 Fri, 17 Apr 2015 16:48:51 GMT Bloomberg outage hits financial markets http://implode-explode.com/viewnews/2015-04-17_Bloombergoutagehitsfinancialmarkets.html iehi-feed-56520 Fri, 17 Apr 2015 16:43:21 GMT Greece fears hit stocks; IMF seen cutting growth outlook 'significantly' http://implode-explode.com/viewnews/2015-04-17_GreecefearshitstocksIMFseencuttinggrowthoutlooksignificantly.html iehi-feed-56519 Fri, 17 Apr 2015 14:20:26 GMT The risks behind China's growth gamble (Will the "New Silk Road" Work??) http://implode-explode.com/viewnews/2015-04-17_TherisksbehindChinasgrowthgambleWilltheNewSilkRoadWork.html iehi-feed-56518 Fri, 17 Apr 2015 13:03:39 GMT Greek Finance Minister Says European Bankers Pushing Nation Toward Default http://implode-explode.com/viewnews/2015-04-17_GreekFinanceMinisterSaysEuropeanBankersPushingNationTowardDefaul.html iehi-feed-56517 Fri, 17 Apr 2015 00:13:19 GMT The Russian Sanctions, Not Economy Are in "Tatters" http://implode-explode.com/viewnews/2015-04-16_TheRussianSanctionsNotEconomyAreinTatters.html iehi-feed-56516 Wed, 15 Apr 2015 13:36:24 GMT Oil layoffs hit 100,000 and counting http://implode-explode.com/viewnews/2015-04-15_Oillayoffshit100000andcounting.html iehi-feed-56515 Wed, 15 Apr 2015 13:33:32 GMT The inequality bubble is accelerating, worse than ‘29, even 1789 http://implode-explode.com/viewnews/2015-04-15_Theinequalitybubbleisacceleratingworsethan29even1789.html iehi-feed-56514 Tue, 14 Apr 2015 22:33:58 GMT "There Are Big, Big Problems" - The Shocker Crushing The Economy Revealed http://implode-explode.com/viewnews/2015-04-14_ThereAreBigBigProblemsTheShockerCrushingTheEconomyRevealed.html iehi-feed-56513 Tue, 14 Apr 2015 22:26:58 GMT China's economy: hard landing or welcome rebalancing? http://implode-explode.com/viewnews/2015-04-14_Chinaseconomyhardlandingorwelcomerebalancing.html ... the sharp decline in exports is to be welcomed as a sign that the rebalancing is working. But some analysts believe it is the latest sign that something is badly amiss. Erik Britton, of City consultancy Fathom, says its analysis, based on rail freight, electricity production and bank lending, suggests growth is running at closer to 3% than the 7% or so suggested by official GDP data. "China is in a hard landing now," he says. "They have faced a situation where their previous growth model is not working."

He points out that house prices are declining at 6% a year, compared with double digit growth a year ago -- similar to the kind of reversal that plunged the US into the sub-prime mortgage crisis. Furthermore, banks are saddled with non-performing loans and industries are struggling to tackle overcapacity''

He believes China will eventually have to accept a drastic depreciation in the renminbi, of perhaps 25%, in order to regain competitiveness and prevent a crash.

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iehi-feed-56512 Tue, 14 Apr 2015 21:17:57 GMT Shale Oil Boom Could End in May After Price Collapse http://implode-explode.com/viewnews/2015-04-14_ShaleOilBoomCouldEndinMayAfterPriceCollapse.html iehi-feed-56510 Tue, 14 Apr 2015 13:05:19 GMT JPMorgan Profit Rises 12% on Gains From Stock, Bond Trading http://implode-explode.com/viewnews/2015-04-14_JPMorganProfitRises12onGainsFromStockBondTrading.html iehi-feed-56507 Tue, 14 Apr 2015 12:53:44 GMT Central bankers gather privately in Washington this Friday to discuss gold http://implode-explode.com/viewnews/2015-04-14_CentralbankersgatherprivatelyinWashingtonthisFridaytodiscussgold.html 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 http://implode-explode.com/viewnews/2015-04-14_WeHaveComeToTheEndOfTheRoadGreecePreparesForDefaultFTReports.html