Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-58953 Tue, 09 Feb 2016 19:41:49 GMT Nationstar: Servicer's Stock Price (And With New Branding Scheme, It's Dignity) Closes at New Low... | Mandelman Matters http://implode-explode.com/viewnews/2016-02-09_NationstarServicersStockPriceAndWithNewBrandingSchemeItsDignityC.html iehi-feed-58951 Tue, 09 Feb 2016 19:39:18 GMT Deutsche Bank Is ‘Absolutely Rock-Solid,' Cryan Tells Employees http://implode-explode.com/viewnews/2016-02-09_DeutscheBankIsAbsolutelyRockSolidCryanTellsEmployees.html iehi-feed-58950 Tue, 09 Feb 2016 18:34:16 GMT Global shares extend losses on fears over global growth, banks http://implode-explode.com/viewnews/2016-02-09_Globalsharesextendlossesonfearsoverglobalgrowthbanks.html iehi-feed-58946 Tue, 09 Feb 2016 14:42:41 GMT We Are Watching The Financial Collapse! http://implode-explode.com/viewnews/2016-02-09_WeAreWatchingTheFinancialCollapse.html iehi-feed-58944 Mon, 08 Feb 2016 21:24:54 GMT BOMBSHELL: A Week After Silver "Fix" Broken; 6 Large Miners Ditch LME http://implode-explode.com/viewnews/2016-02-08_BOMBSHELLAWeekAfterSilverFixBroken6LargeMinersDitchLME.html iehi-feed-58942 Mon, 08 Feb 2016 17:21:48 GMT Wall St. in selloff mode as techs extend rout, oil falls http://implode-explode.com/viewnews/2016-02-08_WallStinselloffmodeastechsextendroutoilfalls.html iehi-feed-58941 Mon, 08 Feb 2016 15:24:45 GMT Why a selloff in European banks is ominous http://implode-explode.com/viewnews/2016-02-08_WhyaselloffinEuropeanbanksisominous.html Deutsche Bank is shaking to its foundations -- is a new banking crisis around the corner?]]> iehi-feed-58940 Mon, 08 Feb 2016 15:10:55 GMT Janet Yellen is finding herself increasingly fenced in http://implode-explode.com/viewnews/2016-02-08_JanetYellenisfindingherselfincreasinglyfencedin.html The problem is that the labor market seems to be tightening -- despite a comedown in the pace of U.S. economic growth as well as slowing corporate earnings growth. The labor tightness is resulting from falling productivity, fewer qualified applicants and the still-low percentage of Americans in the labor force. Wage inflation is also on the rise.

Taken together, all of this feels a little "stagflation-y" because it suggests the economy could get the job and wage gains we've been waiting for, but in a way that's bad for the stock market and the overall economy. If that dynamic deepens, Yellen will have no easy policy prescriptions...

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iehi-feed-58939 Mon, 08 Feb 2016 15:07:52 GMT China's looming debt crisis is no cause for alarm, says PBOC expert http://implode-explode.com/viewnews/2016-02-08_ChinasloomingdebtcrisisisnocauseforalarmsaysPBOCexpert.html iehi-feed-58937 Sun, 07 Feb 2016 21:19:02 GMT Debt, defaults, and devaluations: why this market crash is like nothing we've seen before http://implode-explode.com/viewnews/2016-02-07_Debtdefaultsanddevaluationswhythismarketcrashislikenothingwevese.html For many market watchers, a confluence of factors - led by oil, but encompassing China, the emerging world, and financial markets - are all brewing to create a perfect storm in a global economy that has barely come to terms with the Great Recession... Unlike previous pre-recessionary eras, the current sell-off has seen commodity prices, equities and credit conditions all move in dangerous lockstep.

... a tipping point may well be approaching. According to [Oliver] Blanchard's calculations, a 20pc decline in stock markets that persists for more than six months, will translate into a decline in consumption of between 0.5pc to 1.0pc.

...

Spreads on high yield US energy corporates have soared to unprecedented highs. "They make Lehman look like a walk in the park" says Thygesen.

More than a third of the entire US high yield bond index is now vulnerable to crude prices remaining low or falling even further, according to calculations from Oxford Economics.

...

The question exercising the minds of economists and investors is the extent to which this contagion could metastasize beyond the energy sector, as banks cut off credit access, loans turn bad, and financial conditions enter a critical tightening phase.

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Over the last 45 years, the S&P500 has suffered a loss of more than 12.5pc on 13 occasions. Six of these have given way to a recession in the US, providing a near 50pc probability that a global downturn is just around the corner.

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What, if anything, could halt this pernicious cycle of events from unfolding?

In the short-term, analysts are unanimous: all eyes are on the US Federal Reserve. The central bank's first rate hike in seven years last December has come to look frighteningly premature in the space of just eight weeks.

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iehi-feed-58936 Sun, 07 Feb 2016 21:13:03 GMT PBOC Has Only A Few Months Left "To Stop Collapse": Edwards http://implode-explode.com/viewnews/2016-02-07_PBOCHasOnlyAFewMonthsLeftToStopCollapseEdwards.html China's Foreign-Exchange Reserves Decline to $3.23 Trillion.]]> iehi-feed-58933 Sun, 07 Feb 2016 21:01:47 GMT $100 Trillion Up in Smoke http://implode-explode.com/viewnews/2016-02-07_100TrillionUpinSmoke.html iehi-feed-58932 Sun, 07 Feb 2016 20:09:36 GMT Obscure Chinese Firm Dives Into $22 Trillion U.S. Financial Market http://implode-explode.com/viewnews/2016-02-07_ObscureChineseFirmDivesInto22TrillionUSFinancialMarket.html iehi-feed-58931 Sun, 07 Feb 2016 17:32:41 GMT China's 3 trillion dollar mistake http://implode-explode.com/viewnews/2016-02-07_Chinas3trilliondollarmistake.html iehi-feed-58930 Sun, 07 Feb 2016 15:09:52 GMT Here Are The Banks The Market Is Most Concerned About http://implode-explode.com/viewnews/2016-02-07_HereAreTheBanksTheMarketIsMostConcernedAbout.html iehi-feed-58928 Sat, 06 Feb 2016 14:58:13 GMT Chart of Doom: When Private Credit Stops Expanding... http://implode-explode.com/viewnews/2016-02-06_ChartofDoomWhenPrivateCreditStopsExpanding.html iehi-feed-58927 Sat, 06 Feb 2016 14:56:06 GMT Collapsing Federal Revenues Show US In Deepening Recession (DON'T TELL DAVID "NEAR-ZERO CHANCE" ROSENBERG!) http://implode-explode.com/viewnews/2016-02-06_CollapsingFederalRevenuesShowUSInDeepeningRecessionDONTTELLDAVID.html iehi-feed-58926 Sat, 06 Feb 2016 13:09:12 GMT Iran Dumps Dollar in Foreign Oil Sales / Sputnik International http://implode-explode.com/viewnews/2016-02-06_IranDumpsDollarinForeignOilSalesSputnikInternational.html iehi-feed-58925 Sat, 06 Feb 2016 12:22:07 GMT Gundlach Says Financials Below Crisis Prices 'Frightening' http://implode-explode.com/viewnews/2016-02-06_GundlachSaysFinancialsBelowCrisisPricesFrightening.html iehi-feed-58924 Sat, 06 Feb 2016 12:20:26 GMT Oil Rout Threatens Vicious Cycle for Economy http://implode-explode.com/viewnews/2016-02-06_OilRoutThreatensViciousCycleforEconomy.html Rising debt costs for oil and gas companies last month pushed a ratio of corporate distress maintained by Standard & Poor's to its highest level since July 2009, when the last recession ended.

If a lending slowdown "were to broaden out beyond just energy and mining, that would be a concern," Mr. Rosenberg said...

Economic gauges already indicate an industrial recession. The Federal Reserve reported this month that its index of industrial production had fallen 1.8% over the year ended December, a drop that has always been accompanied by a recession since the 1970s.

Even though the U.S. economy has grown far more focused on providing services than producing goods, it is more exposed to commodity-price declines because "a lot of the services conducted in our economy are done in support of produced materials," said Mr. Alpert. Ultimately, deflation in the goods sector could squeeze service providers, too.

... others worry shifts in the global economy have made the U.S. is less insulated today, which means models from the Fed and others may overemphasize domestic activity and inadequately capture cross-border spillovers.

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