Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-62284 Tue, 23 May 2017 04:29:50 GMT Commodity Traders Have a Really Big Problem http://implode-explode.com/viewnews/2017-05-23_CommodityTradersHaveaReallyBigProblem.html Unlike the stock market in which transactions are typically based on information that's public, firms that buy and sell raw materials thrived for decades in an opaque world where their metier relied on knowledge privy only to a few. Now, technological development, expanding sources of data, more sophisticated producers and consumers as well as transparency surrounding deals are eroding their advantage.

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As market participants' access to information increases, the traders highlighted the need to more than simply buy and sell commodities as profits from arbitrage -- or gains made from a differential in prices -- shrinks. That means getting involved in the supply chain by potentially buying into infrastructure that's key to the production and distribution of raw materials, and also providing financing for the development of such assets.

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iehi-feed-62283 Mon, 22 May 2017 17:01:45 GMT Indian solar power prices hit record low, undercutting fossil fuels http://implode-explode.com/viewnews/2017-05-22_Indiansolarpowerpriceshitrecordlowundercuttingfossilfuels.html Wholesale solar power prices have reached another record low in India, faster than analysts predicted and further undercutting the price of fossil fuel-generated power in the country.

The tumbling price of solar energy also increases the likelihood that India will meet -- and by its own predictions, exceed -- the renewable energy targets it set at the Paris climate accords in December 2015.

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At a reverse auction in Rajasthan on Tuesday, power companies Phelan Energy and Avaada Power each offered to charge 2.62 rupees per kilowatt-hour (kWh) of electricity generated from solar panels they hope to build at an energy park in the desert state. Last year's previous record lowest bid was 4.34 rupees per kWh .

Analysts called the 40% price drop "world historic" and said it was driven by cheaper finance and growing investor confidence in India's pledge to dramatically increase its renewable energy capacity.

It reduces the market price of solar tariffs well past the average charged by India's largest thermal coal conglomerate, currently around 3.20 rupees per kWh . Wholesale price bids for wind energy also reached a record low of 3.46 rupees in February.

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iehi-feed-62280 Mon, 22 May 2017 14:33:18 GMT The Wild West of Deep-Sea Mining http://implode-explode.com/viewnews/2017-05-22_TheWildWestofDeepSeaMining.html iehi-feed-62278 Sun, 21 May 2017 18:07:08 GMT Trump's weapons deal ratifies US support for Yemen war http://implode-explode.com/viewnews/2017-05-21_TrumpsweaponsdealratifiesUSsupportforYemenwar.html Saudi Arabia, armed with American weapons, fought a proxy war with Iran in Yemen, where the government was overthrown by a rebel group tied to the Iranians. Allegations that Saudi Arabia has bombed civilians and committed other human rights abuses compromised what would otherwise tend to be unanimous U.S. support for the conflict. A $1.15 billion arms deal last year turned controversial, but that pact is dwarfed by the $110 billion pact signed Saturday.

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Sen. Todd Young, R-Ind., wanted Tillerson to make a series of demands on the Saudis designed to ease civilian suffering in Yemen, such as ending delays on humanitarian aid at a port city held by the rebels.

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Instead, Tillerson's counterpart rebuffed any charges of humanitarian abuses, denying that the Saudis carried out airstrikes against civilians and blaming the rebels for humanitarian aid delays at the port.

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iehi-feed-62268 Thu, 18 May 2017 14:36:54 GMT The Germans Are Coming... And Their Groceries Will Cost Up To 50% Less Than Wal-Mart http://implode-explode.com/viewnews/2017-05-18_TheGermansAreComingAndTheirGroceriesWillCostUpTo50LessThanWalMar.html iehi-feed-62264 Wed, 17 May 2017 14:16:02 GMT Gold Rallies as Trump's ‘Toughest Time in Office' Batters Dollar http://implode-explode.com/viewnews/2017-05-17_GoldRalliesasTrumpsToughestTimeinOfficeBattersDollar.html iehi-feed-62251 Tue, 16 May 2017 03:29:02 GMT "Peak China": Chinese Data Misses Across The Board As Housing Bubble Returns http://implode-explode.com/viewnews/2017-05-15_PeakChinaChineseDataMissesAcrossTheBoardAsHousingBubbleReturns.html iehi-feed-62249 Mon, 15 May 2017 23:13:15 GMT Why India is cool towards China's Belt and Road http://implode-explode.com/viewnews/2017-05-15_WhyIndiaiscooltowardsChinasBeltandRoad.html iehi-feed-62243 Sat, 13 May 2017 19:52:39 GMT I Spent Two Years On China's Belt And Road, And This Is What I Found http://implode-explode.com/viewnews/2017-05-13_ISpentTwoYearsOnChinasBeltAndRoadAndThisIsWhatIFound.html If you extract the efforts of what other countries are doing along the New Silk Road and just look at China's contributions during the Xi Jinping, BRI era, you're going to be left with neither a belt nor a road -- you don't have much of anything, really.

This isn't meant to detract from China's current and future Silk Road efforts, but to make the point that this is a fully multinational endeavor with a much longer history than is often credited to it. When we talk about the New Silk Road we are talking about an array of interconnected and interdependent trade routes and infrastructure and economic development projects, not a singular initiative cooked up in some back room on Tiananmen Square. Ultimately, this is what gives this project its versatility and power to shape the future.

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When the AIIB was first announced, it was commonly feared that it would become China's way of countering the big development banks of the west and Japan -- the World Bank, ERDB, and the ADB -- and would ultimately undercut their humanitarian and ecological principles in the unchecked pursuit of progress. But what actually transpired was the exact opposite: the AIIB became a powerful compliment to the old guard of development banks, providing a much-needed source of additional funding to help set essential infrastructure projects into motion while maintaining and promoting their established ethical standards.

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iehi-feed-62235 Fri, 12 May 2017 17:45:07 GMT Tesla's Solar Roof Pricing Is Cheap Enough to Catch Fire http://implode-explode.com/viewnews/2017-05-12_TeslasSolarRoofPricingIsCheapEnoughtoCatchFire.html Tesla Inc. has begun taking $1,000 deposits for its remarkable solar roof tiles--to be delivered this summer at a price point that could expand the U.S. solar market.

Tesla will begin with production of two of the four styles it unveiled in October: a smooth glass and a textured glass tile. 1 Roofing a 2,000 square-foot home in New York state--with 40 percent coverage of active solar tiles and battery backup for night-time use--would cost about $50,000 after federal tax credits and generate $64,000 in energy over 30 years, according to Tesla's website calculator.

That's more expensive upfront than a typical roof, but less expensive than a typical roof with traditional solar and back-up batteries. The warranty is for the lifetime of your home... Tesla's cost for active solar tiles is about $42 per square foot, "significantly below" BNEF's prior estimate of $68 per square foot, Bromley said. Inactive tiles will cost $11 per square foot.

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iehi-feed-62213 Mon, 08 May 2017 23:55:44 GMT OPEC's Not-So-Great Beyond http://implode-explode.com/viewnews/2017-05-08_OPECsNotSoGreatBeyond.html iehi-feed-62205 Mon, 08 May 2017 14:24:21 GMT Paris Afterparty - KUNSTLER http://implode-explode.com/viewnews/2017-05-08_ParisAfterpartyKUNSTLER.html iehi-feed-62201 Sun, 07 May 2017 00:37:43 GMT Huge COMEX Slam of 4,700 Tonnes Of Paper Silver Resembles Setup of Last 50% Rally http://implode-explode.com/viewnews/2017-05-06_HugeCOMEXSlamof4700TonnesOfPaperSilverResemblesSetupofLast50Rall.html iehi-feed-62166 Tue, 02 May 2017 14:22:00 GMT Trump Weighs Breaking Up Wall Street Banks, Raising U.S. Gas Tax http://implode-explode.com/viewnews/2017-05-02_TrumpWeighsBreakingUpWallStreetBanksRaisingUSGasTax.html President Donald Trump said he's actively considering a breakup of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking.

"I'm looking at that right now," Trump said of breaking up banks in a 30-minute Oval Office interview with Bloomberg News. "There's some people that want to go back to the old system, right? So we're going to look at that."

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Only one Republican in the Senate, John McCain of Arizona, has endorsed a proposal by Democratic Senator Elizabeth Warren of Massachusetts to reinstate Glass-Steagall. That signals that passing any legislation will be an uphill battle. During meetings with bank executives at the Treasury Department about Trump's February executive order on financial rules, the topic of Glass-Steagall has rarely come up.

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Trump also said he's open to increasing the U.S. gas tax to fund infrastructure development, in a further sign that policies unpopular with the Republican establishment are under consideration in the White House. He described higher gas taxes as acceptable to truckers -- "I have one friend who's a big trucker," he said -- as long as the proceeds are dedicated to improving U.S. highways.

Strange emanations coming from the Trump White House... what are they? Ah yes, things making some sense...

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iehi-feed-62146 Wed, 26 Apr 2017 19:58:52 GMT Trudeau's Reward for Courting Trump Is a Trade War on Lumber http://implode-explode.com/viewnews/2017-04-26_TrudeausRewardforCourtingTrumpIsaTradeWaronLumber.html iehi-feed-62140 Tue, 25 Apr 2017 16:05:10 GMT The oil market has one big problem: People aren't buying enough gas http://implode-explode.com/viewnews/2017-04-25_TheoilmarkethasonebigproblemPeoplearentbuyingenoughgas.html iehi-feed-62123 Sun, 23 Apr 2017 13:37:38 GMT Doug Noland: Liquidity Supernova and the Big Ugly Flaw http://implode-explode.com/viewnews/2017-04-23_DougNolandLiquiditySupernovaandtheBigUglyFlaw.html iehi-feed-62115 Fri, 21 Apr 2017 14:54:27 GMT Only China Can "Fix" Venezuela http://implode-explode.com/viewnews/2017-04-21_OnlyChinaCanFixVenezuela.html iehi-feed-62110 Thu, 20 Apr 2017 16:09:17 GMT Venezuela explodes into anti-government protests http://implode-explode.com/viewnews/2017-04-20_Venezuelaexplodesintoantigovernmentprotests.html Venezuela has been rocked by intermittent but violent protests since the Supreme Court dissolved an opposition-led parliament last month. The move was reversed days later, but demonstrations had already erupted.

Further fueling the protests: The government banned opposition leader Henrique Capriles from all political activity for 15 years on April 7.

The turmoil is set against an economic crisis in which unemployment is set to surpass 25%, and people have struggled for years with food and medical shortages and skyrocketing prices.

The economic crunch took another turn this week as the government seized a General Motors plant, prompting the auto giant to say it was halting operations in Venezuela.

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iehi-feed-62102 Thu, 20 Apr 2017 02:37:34 GMT Gold's found a new pocket of opportunity http://implode-explode.com/viewnews/2017-04-19_Goldsfoundanewpocketofopportunity.html