Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55988 Fri, 30 Jan 2015 22:56:14 GMT Oil surges 8 pct as U.S. rig count plunges, shorts scramble http://implode-explode.com/viewnews/2015-01-30_Oilsurges8pctasUSrigcountplungesshortsscramble.html iehi-feed-55987 Fri, 30 Jan 2015 22:14:44 GMT SGE Withdrawals Week 3, 2015: 71 tonnes! (CHINA GOLD OFF-TAKE NOW AROUND 2013 "MANIA" LEVELS) http://implode-explode.com/viewnews/2015-01-30_SGEWithdrawalsWeek3201571tonnesCHINAGOLDOFFTAKENOWAROUND2013MANI.html iehi-feed-55981 Thu, 29 Jan 2015 16:02:28 GMT Russian Sanctions Might Be Obama's Greatest Blunder http://implode-explode.com/viewnews/2015-01-29_RussianSanctionsMightBeObamasGreatestBlunder.html iehi-feed-55976 Wed, 28 Jan 2015 22:31:12 GMT Zimbabwe gold mines face collapse on weak bullion price: mining group (MORE BEARISH NEWS FOR GOLD??) http://implode-explode.com/viewnews/2015-01-28_ZimbabwegoldminesfacecollapseonweakbullionpricemininggroupMOREBE.html iehi-feed-55975 Wed, 28 Jan 2015 20:16:04 GMT Iran, Russia to create joint bank for national currency trade http://implode-explode.com/viewnews/2015-01-28_IranRussiatocreatejointbankfornationalcurrencytrade.html iehi-feed-55964 Tue, 27 Jan 2015 22:27:02 GMT U.S. Shale Boom May Come To Abrupt End - More Productive Rigs Means Sharper Decline http://implode-explode.com/viewnews/2015-01-27_USShaleBoomMayComeToAbruptEndMoreProductiveRigsMeansSharperDecli.html iehi-feed-55960 Tue, 27 Jan 2015 15:28:46 GMT Doug Noland: Draghi's Do Whatever it Takes Beats Estimates http://implode-explode.com/viewnews/2015-01-27_DougNolandDraghisDoWhateveritTakesBeatsEstimates.html iehi-feed-55952 Mon, 26 Jan 2015 19:49:52 GMT Oil Drillers ‘Going to Die' in 2Q on Crude Price Swoon http://implode-explode.com/viewnews/2015-01-26_OilDrillersGoingtoDiein2QonCrudePriceSwoon.html iehi-feed-55949 Fri, 23 Jan 2015 16:41:09 GMT JP Morgan adds gold for Natural Resources fund http://implode-explode.com/viewnews/2015-01-23_JPMorganaddsgoldforNaturalResourcesfund.html iehi-feed-55948 Fri, 23 Jan 2015 16:39:27 GMT Moscow to Beijing in 2 days: China to build $242bn high-speed railway http://implode-explode.com/viewnews/2015-01-23_MoscowtoBeijingin2daysChinatobuild242bnhighspeedrailway.html iehi-feed-55942 Fri, 23 Jan 2015 04:36:51 GMT Venezuela and China close $20 billion deal http://implode-explode.com/viewnews/2015-01-22_VenezuelaandChinaclose20billiondeal.html iehi-feed-55941 Fri, 23 Jan 2015 04:31:04 GMT Jim Rickards interview: Fed Won't Raise Rates Anytime Soon; Gold Resuming Role As Money http://implode-explode.com/viewnews/2015-01-22_JimRickardsinterviewFedWontRaiseRatesAnytimeSoonGoldResumingRole.html iehi-feed-55935 Thu, 22 Jan 2015 19:18:54 GMT Shadow banking now poses top risk to US stability, warns IMF http://implode-explode.com/viewnews/2015-01-22_ShadowbankingnowposestoprisktoUSstabilitywarnsIMF.html iehi-feed-55933 Thu, 22 Jan 2015 19:16:19 GMT Bank Of Canada Cut Rates, Joining Easing Party; Loonie Plummets http://implode-explode.com/viewnews/2015-01-22_BankOfCanadaCutRatesJoiningEasingPartyLooniePlummets.html iehi-feed-55930 Thu, 22 Jan 2015 18:17:15 GMT The Euro Crashes To 12 Year Lows And Now The US Commerce Secretary Starts To Grumble About A Strong Dollar http://implode-explode.com/viewnews/2015-01-22_TheEuroCrashesTo12YearLowsAndNowTheUSCommerceSecretaryStartsToGr.html iehi-feed-55926 Wed, 21 Jan 2015 22:05:05 GMT Rickards: Gold price manipulation is now a global effort to appease China http://implode-explode.com/viewnews/2015-01-21_RickardsGoldpricemanipulationisnowaglobalefforttoappeaseChina.html iehi-feed-55903 Tue, 20 Jan 2015 04:05:07 GMT Germany Repatriates 120 Tonnes Of Gold In 2014 http://implode-explode.com/viewnews/2015-01-19_GermanyRepatriates120TonnesOfGoldIn2014.html iehi-feed-55901 Mon, 19 Jan 2015 23:12:07 GMT 50,000 Wall Street jobs cut http://implode-explode.com/viewnews/2015-01-19_50000WallStreetjobscut.html ``The fourth quarter saw thousands more workers fired. Total reductions for 2014 were about 20,000 at Brian Moynihan's Bank of America; 10,000 at Citigroup led by Michael Corbat; and 10,000 at Jaime Dimon's JP Morgan. Morgan Stanley reports on Tuesday.

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By Mayo's calculations, bank revenues are the weakest in eight decades, a shocking throwback to the Great Depression. And the carnage is ongoing as global growth slows and commodity prices and currency movement roil the markets.

"I think there have been heavy potential and paper losses at this point. Clearly, nobody bet properly on oil -- nobody thought it was going to be below 50 a barrel," said Tim Quast, president of market analytics firm ModernIR.

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iehi-feed-55895 Sun, 18 Jan 2015 14:48:14 GMT China Pledges $35 Billion to Latin America http://implode-explode.com/viewnews/2015-01-18_ChinaPledges35BilliontoLatinAmerica.html With relatively little fanfare, China has taken over the inside lane of economic development in Latin America with an ambitious 10-year regional investment plan on the scale of the Marshall Plan. China's support for a $250 billion fund for largely infrastructure investments in Latin America was announced by President Xi Jinping at a summit meeting in Beijing last week of the Community of Latin American and Caribbean States (CELAC), which represents 33 countries. China has already pledged $35 billion for the fund, which will also require financial inputs from multilateral development banks and contributions from host countries. To coordinate this, CELAC and China will create a forum to design the partnership with the goal of unifying Latin America as a regional economy.

Beijing's aim is to double the level of trade between China and Latin America from the current level of $300 billion reached in 2014 when China become the second-largest market for Latin American exports, mainly commodities like petroleum, soybeans, iron, and copper. This trade is the basis for a mutual dependence that is evolving into cooperation in development investment. China has the capital to invest and wants to secure future supplies of food and energy as its society becomes more urbanized and consumers seek better quality products, such as wines and seafood from Chile and Peru or beef and poultry from Brazil. The possibilities are enormous if Latin America can achieve efficient, cost-competitive production, now hobbled by inadequate infrastructure in transportation and energy. The Chinese have advanced experience in railroad construction and are eager to become involved in new oil and gas fields in Brazil, Argentina, Ecuador, and Venezuela, all of which have received large financial advances from China in exchange for future oil.

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iehi-feed-55893 Sat, 17 Jan 2015 20:21:42 GMT Fears of deflation rise as consumer prices drop 0.4 percent in December (A FAIT ACCOMPLI FOR THE FED??) http://implode-explode.com/viewnews/2015-01-17_Fearsofdeflationriseasconsumerpricesdrop04percentinDecemberAFAIT.html