Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55133 Thu, 02 Oct 2014 00:21:59 GMT $23 Billion Is Pulled From Pimco's Flagship Fund Post-Gross Departure In all, investors have pulled more than $50 billion from the Total Return Fund this year. The fund, which Mr. Gross had managed since its inception in 1987, now manages just under $200 billion. That's still enormous, but down sharply from the $290 billion the fund managed just last year.

... mutual fund industry analysts are predicting another wave of redemptions in the coming weeks.. It is believed that much of the initial rush of money out of the Total Return Fund was retail investors selling shares held in brokerage accounts and individual retirement accounts. For public pensions, the process of redeeming money from a fund can take several weeks to complete. First, the pensions await recommendations from their outside consultants, and then the boards that oversee the pensions must gather to vote on what to do.

iehi-feed-55131 Wed, 01 Oct 2014 22:24:30 GMT The U.S. Mint Sells A Million Silver Eagles In One Day iehi-feed-55130 Wed, 01 Oct 2014 16:12:02 GMT Russia Halves Natural Gas Supplies to Slovakia iehi-feed-55129 Wed, 01 Oct 2014 16:04:09 GMT Maria Fernandes died napping in her car between part-time minimum wage jobs iehi-feed-55128 Wed, 01 Oct 2014 15:58:41 GMT Greenspan - Why Beijing Is Buying (Gold) iehi-feed-55127 Wed, 01 Oct 2014 15:41:28 GMT Mass default looms as world sinks beneath a sea of debt - Geneva Report iehi-feed-55126 Wed, 01 Oct 2014 15:37:30 GMT Recovery? 60% Of Greeks Live At Or Below Poverty Levels iehi-feed-55125 Wed, 01 Oct 2014 15:27:46 GMT Europe's €500bn money funds risk AAA downgrade (as ECB Policy 'breaks the buck') iehi-feed-55124 Wed, 01 Oct 2014 15:24:32 GMT Morningstar strips Pimco Total Return Fund of its gold rating iehi-feed-55123 Tue, 30 Sep 2014 23:11:26 GMT China Aims For Official Gold Reserves At 8500t - Chinese Official iehi-feed-55122 Tue, 30 Sep 2014 16:31:45 GMT Case-Shiller: Market Cooled Further in July (READ: RAPIDLY DECELERATING) iehi-feed-55121 Tue, 30 Sep 2014 16:24:42 GMT What the Carmen Segarra Tapes Reveal About 'Spineless' Regulators iehi-feed-55119 Tue, 30 Sep 2014 12:59:53 GMT Yuan to Start Direct Trading With Euro as China Pushes Usage iehi-feed-55117 Tue, 30 Sep 2014 12:47:38 GMT Lloyds fires eight over rate manipulation claims iehi-feed-55116 Tue, 30 Sep 2014 12:45:43 GMT Chinese Gold Demand Explosive iehi-feed-55115 Tue, 30 Sep 2014 12:40:58 GMT Fed ‘repo' tests drive scramble for safety Investors are scrambling for safe assets ahead of the end of the financial quarter, with the scrum for securities exacerbated by the Federal Reserve's testing of a key financing tool for an eventual tightening of policy.

Yields on short-term Treasury bills, viewed as ultra-safe securities, have dipped below zero as the assets attracted heavy buying in the run-up to the end of the third quarter.

Negative yields on the securities mean that money market funds and other big investors are effectively willing to pay the US government for holding their cash over the end of the financial period.

iehi-feed-55114 Mon, 29 Sep 2014 21:09:21 GMT Pending Sales of U.S. Existing Homes Fell 1% in August iehi-feed-55110 Mon, 29 Sep 2014 20:44:12 GMT The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh | David Stockman It should be evident by now that regulatory capture and the inherent capacity of the marketplace to evade bureaucratic rules, edicts and embedded supervisors mean that "macro-pru" is a crock--an excuse to prolong a dangerous monetary experiment that is inexorably fueling a giant financial bubble and the crash which must inevitably follow.


In short, even assuming that the obsequious culture of accommodation at the New York Fed so evident in the Goldman tapes could be uprooted, macro-pru is inherently impotent because of information asymmetry... Without honest market prices in the trading pits and at loan desks and underwriting syndicates, financial booms and busts are inevitable, and the state's regulators and supervisors are hopelessly at sea because they cannot hope to gather and process enough information to stymie the army of speculators chasing false prices with cheap credit.

iehi-feed-55109 Mon, 29 Sep 2014 18:32:22 GMT BofA to Pay $7.7 Million SEC Fine for Overstating Capital in Merrill Acq. iehi-feed-55108 Mon, 29 Sep 2014 18:31:35 GMT Bill Gross exit could cost Pimco $400 billion