Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54746 Tue, 19 Aug 2014 17:25:27 GMT NATO-Member Turkey Threatens Western-Owned Banks, Shifts East, Cozies up to Russia http://implode-explode.com/viewnews/2014-08-19_NATOMemberTurkeyThreatensWesternOwnedBanksShiftsEastCoziesuptoRu.html iehi-feed-54745 Tue, 19 Aug 2014 15:24:59 GMT WSJ/NBC Poll: The Death of American Optimism http://implode-explode.com/viewnews/2014-08-19_WSJNBCPollTheDeathofAmericanOptimism.html iehi-feed-54743 Tue, 19 Aug 2014 15:22:33 GMT UK Property Prices Suffer 'Largest Decrease Ever' As London Real Estate Goes Into Full-Scale Collapse http://implode-explode.com/viewnews/2014-08-19_UKPropertyPricesSufferLargestDecreaseEverAsLondonRealEstateGoesI.html iehi-feed-54742 Tue, 19 Aug 2014 15:21:18 GMT More Money Down Adds to U.S. First-Time Buyer Blues http://implode-explode.com/viewnews/2014-08-19_MoreMoneyDownAddstoUSFirstTimeBuyerBlues.html iehi-feed-54741 Tue, 19 Aug 2014 15:08:32 GMT Good News For The Housing Market? Home Depot Raises Full-Year Forecast http://implode-explode.com/viewnews/2014-08-19_GoodNewsForTheHousingMarketHomeDepotRaisesFullYearForecast.html iehi-feed-54740 Tue, 19 Aug 2014 15:05:55 GMT "Construction Boom?" Housing Starts, Permits Soar in July http://implode-explode.com/viewnews/2014-08-19_ConstructionBoomHousingStartsPermitsSoarinJuly.html iehi-feed-54739 Tue, 19 Aug 2014 03:03:36 GMT Rival Bids for Family Dollar Stores as Retailers Fight to Sell to Working Poor http://implode-explode.com/viewnews/2014-08-18_RivalBidsforFamilyDollarStoresasRetailersFighttoSelltoWorkingPoo.html As more struggling Americans hit the bargain bins to get by, a bidding war is brewing for one of the of the country's biggest deep-discount retailers. The latest move came on Monday, when Dollar General offered to buy Family Dollar Stores for $8.9 billion, hoping not only to break up an agreed-to merger with its rival Dollar Tree but also to strengthen its share of the low-end retail market as traditional retailers like Walmart try to move onto its turf.

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It is a view shared by Richard W. Dreiling, Dollar General's chairman and chief executive. "It's fair to say that the economy is creating more of our core customers," he said. "The middle-income customer is getting squeezed."

That has inspired Dollar General and Dollar Tree to expand their empires by pursuing Family Dollar, which started out selling household goods for a dollar more than five decades ago. Now many of its items -- like food products, underwear and home décor -- cost a bit more, though they are still heavily discounted.

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Uniting Dollar General and Family Dollar would create a huge retailer in the deep-discount market. Together, the two would have almost 20,000 stores and more than $28 billion in revenue.

Bulking up could also better defend Dollar General against Walmart's efforts to move beyond its bigger-is-better model and into the smaller-store format used by the dollar stores.

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iehi-feed-54738 Mon, 18 Aug 2014 23:49:10 GMT How The Fed Turned A Flood Of Treasury Debt Into A Scarcity Of Repo Collateral | David Stockman http://implode-explode.com/viewnews/2014-08-18_HowTheFedTurnedAFloodOfTreasuryDebtIntoAScarcityOfRepoCollateral.html iehi-feed-54737 Mon, 18 Aug 2014 23:40:25 GMT Bulgaria Halts South Stream Pipeline Again As NATO F-15s, Troops Arrive http://implode-explode.com/viewnews/2014-08-18_BulgariaHaltsSouthStreamPipelineAgainAsNATOF15sTroopsArrive.html iehi-feed-54736 Mon, 18 Aug 2014 19:52:02 GMT Europe pays farmers to destroy food hit by Russian ban http://implode-explode.com/viewnews/2014-08-18_EuropepaysfarmerstodestroyfoodhitbyRussianban.html iehi-feed-54735 Mon, 18 Aug 2014 19:50:52 GMT 36% of adults lack retirement savings -- 14% of them 65 or over http://implode-explode.com/viewnews/2014-08-18_36ofadultslackretirementsavings14ofthem65orover.html iehi-feed-54733 Mon, 18 Aug 2014 01:58:40 GMT Europe Is Tanking, QE Is Coming http://implode-explode.com/viewnews/2014-08-17_EuropeIsTankingQEIsComing.html Now that the peripheral eurozone countries can't borrow to buy BMWs and pharmaceuticals, Germany's export-driven growth is slowing down... this is all leading to a completely predictable conclusion, which is that Mario Draghi will soon have to put his printing press where his mouth is. "Whatever it takes" will turn out to mean a eurozone quantitative easing program that resembles those of the Fed and BoJ, though on an even bigger scale. The implicit (maybe explicit) goal will be to crater the euro.

...This will go on until, as Jim Rickards puts it, the world's governments figure out that competitive devaluation is a zero sum game and that the one thing they can all devalue against is gold. A "monetary reset" will result, with the major currencies once again becoming simply names for given amounts of gold -- at $10,000 an ounce.

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iehi-feed-54732 Sun, 17 Aug 2014 15:09:20 GMT Why The Fed Can't, And Won't, Let The Stock Market Crash http://implode-explode.com/viewnews/2014-08-17_WhyTheFedCantAndWontLetTheStockMarketCrash.html iehi-feed-54731 Sun, 17 Aug 2014 15:03:05 GMT eBay in Talks to Facilitate Bitcoin Transactions for a Paypal Subsidiary http://implode-explode.com/viewnews/2014-08-17_eBayinTalkstoFacilitateBitcoinTransactionsforaPaypalSubsidiary.html iehi-feed-54730 Sun, 17 Aug 2014 14:54:13 GMT Beyond Ride-Sharing: Apps to Solve Life's Problems http://implode-explode.com/viewnews/2014-08-17_BeyondRideSharingAppstoSolveLifesProblems.html Could the Uber/Lyft business model be applied to other areas of daily life? Or improved upon?... The ride-sharing model could be useful in many other settings. You suddenly find out that you're going to be working late, so why not rent out your apartment to tourists for the next 12 hours? They can crash at your place until midnight, then stay up all night riding the Staten Island Ferry. Or summon an Uber driver to give them a witching-hour tour of San Francisco--maybe even hire a driver from KangaShare to take them all the way back home to Abilene. Beats hotels and hostels any day of the week.

While this piece is mostly jokey, we think the prospect is very real, and very significant. What is really going on is that the "conventional" economy of business and finance are so gummed up -- effectively-centralized, and now broken-down, that they are failing to meet people's everyday survival needs (this is related to the decades-long deterioration of real incomes to below a "living wage" level). Now, there is huge pressure to find ways to "capitalize" (and monetize) various under-used "assets" people have -- from small amounts of actual cash (through P2P lending, startup financing, etc.) to actual physical assets (such as houses or apartments, with spare time and space). This usually takes an online, P2P form, as that cuts out the greedy and all-controlling middlemen (government, corporations, and finance) and allows buyers and sellers (or "use partners") to more efficiently find each other. In essence, a conflict of interest is removed, as those aforementioned middlemen would never match these two P2P parties, as it would entail a loss of business for themselves.

And thus we have a resurrected (but now-digital) "bazaar" economy, where small buyers and sellers can once again efficiently come together, as they were able to do throughout the majority of human history, until approximately the late 19th-century.

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iehi-feed-54728 Sun, 17 Aug 2014 14:28:19 GMT Germany is itself a victim of EMU's austerity fanatics http://implode-explode.com/viewnews/2014-08-17_GermanyisitselfavictimofEMUsausterityfanatics.html iehi-feed-54727 Sun, 17 Aug 2014 14:26:34 GMT Proof of a Structural Change in the U.S. Workforce http://implode-explode.com/viewnews/2014-08-17_ProofofaStructuralChangeintheUSWorkforce.html iehi-feed-54724 Sun, 17 Aug 2014 01:26:35 GMT Inflation bites into food retailers' results http://implode-explode.com/viewnews/2014-08-16_Inflationbitesintofoodretailersresults.html iehi-feed-54723 Sun, 17 Aug 2014 01:25:38 GMT Wal-Mart Cuts Profit Forecast Amid Slow Sales, Health Costs http://implode-explode.com/viewnews/2014-08-16_WalMartCutsProfitForecastAmidSlowSalesHealthCosts.html iehi-feed-54720 Sat, 16 Aug 2014 13:13:46 GMT Only 11 countries are actually free from conflict; In Worsening Trend Since 2007 http://implode-explode.com/viewnews/2014-08-16_Only11countriesareactuallyfreefromconflictInWorseningTrendSince2.html .. the world as a whole has been getting incrementally less peaceful every year since 2007 -- sharply bucking a trend that had seen a global move away from conflict since the end of the Second World War... The IEP's findings mean that choices are slim if you want to live in a completely peaceful country. The only ones to achieve the lowest score for all forms of conflict were Switzerland, Japan, Qatar, Mauritius, Uruguay, Chile, Botswana, Costa Rica, Vietnam, Panama and Brazil.

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The UK, as an example, is relatively free from internal conflict, making it easy to fall to thinking it exists in a state of peace. But recent involvement in foreign fighting in the likes of Afghanistan, as well as a fairly high state of militarisation, means Britain actually scores quite poorly on the 2014 Global Peace Index, coming 47th overall.

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