Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-58988 Fri, 12 Feb 2016 18:54:05 GMT U.S. Retail Sales Increased in January (BUT IT'S BASICALLY STILL JUST INFLATION) http://implode-explode.com/viewnews/2016-02-12_USRetailSalesIncreasedinJanuaryBUTITSBASICALLYSTILLJUSTINFLATION.html iehi-feed-58981 Fri, 12 Feb 2016 03:02:26 GMT U.S., Russia and other powers agree on ‘cessation of hostilities' in Syria http://implode-explode.com/viewnews/2016-02-11_USRussiaandotherpowersagreeoncessationofhostilitiesinSyria.html The United States, Russia and other powers agreed to a "cessation of hostilities" in Syria's civil war, to take place within the next week, and immediate humanitarian access to besieged areas, Secretary of State John F. Kerry announced here early Friday.

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Russian Foreign Minister Sergei Lavrov said the projected date for ending at least some of his country's airstrikes in Syria is a week from Friday, but he emphasized that "terrorist" groups would continue to be targeted, including the Islamic State and Jabhat al-Nusra, an al-Qaeda affiliate in Syria that is involved in the fight against President Bashar al-Assad. The group in some instances fights alongside rebel forces supported by the United States and its allies.

The determination of eligible targets and geographic areas is to be left up to a task force of nations, headed by Russia and the United States, that will adjudicate differences of opinion. It is expected but by no means guaranteed that signatories to the agreement will be able to persuade their proxies and allies on the ground, including Assad and the hundreds of opposition groups fighting against him, to honor the terms.

The aim is that humanitarian relief begin as early as this weekend, with Russian airdrops to at least seven areas of Syria that cannot be easily reached by road. A second task force of countries, drawn from among the 17 that participated in the talks, will determine the "modalities" of allowing ground convoys of food and medicines to pass through government and opposition lines to reach dozens of other besieged communities.

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iehi-feed-58978 Fri, 12 Feb 2016 01:19:54 GMT Lines Around The Block To Buy Gold In London; Banks Placing "Unusually Large Orders For Physical" http://implode-explode.com/viewnews/2016-02-11_LinesAroundTheBlockToBuyGoldInLondonBanksPlacingUnusuallyLargeOr.html BullionByPost, Britain's biggest online gold dealer, said it has already taken record-day sales of £5.6m as traders pile into gold following fears the world is on the brink of another financial crisis.

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"The bullion market has been building with interest since the end of last year but this morning things have gone bananas," said Mr Halliday-Stein. "Some London banks are placing unusually large orders for physical gold."

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But that's just part of the story. As reported by the World Gold Council, the buying really started to pick up in the fourth quarter, courtesy of the Chinese and central banks.

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Central bank buying accelerated sharply in the second half of last year and jumped 25 percent in the fourth quarter, from a year earlier, as the need to diversify was reinforced by falling oil prices and reduced confidence in the global economy, WGC said.

See also London Was Bleeding 184t Of Gold In December While China Imported At Least 217t.

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iehi-feed-58973 Thu, 11 Feb 2016 16:30:29 GMT Notes from the Locked Ward | KUNSTLER http://implode-explode.com/viewnews/2016-02-11_NotesfromtheLockedWardKUNSTLER.html iehi-feed-58972 Thu, 11 Feb 2016 16:25:40 GMT Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short (But Banks Won't Touch The Trade) http://implode-explode.com/viewnews/2016-02-11_SomeHedgeFundsWanttoMakeSubprimeAutoLoansNextBigShortButBanksWon.html iehi-feed-58971 Thu, 11 Feb 2016 16:08:02 GMT Charlotte Property Investor Admits To Ponzi Scheme http://implode-explode.com/viewnews/2016-02-11_CharlottePropertyInvestorAdmitsToPonziScheme.html iehi-feed-58965 Wed, 10 Feb 2016 20:27:42 GMT TandZ Talk Podcasts: Progressive voices for social, financial, and political change in America http://implode-explode.com/viewnews/2016-02-10_TandZTalkPodcastsProgressivevoicesforsocialfinancialandpolitical.html support them.]]> iehi-feed-58959 Wed, 10 Feb 2016 15:43:13 GMT Border fences will not stop migrants heading to Europe, think-tank says http://implode-explode.com/viewnews/2016-02-10_BorderfenceswillnotstopmigrantsheadingtoEuropethinktanksays.html iehi-feed-58957 Wed, 10 Feb 2016 03:21:01 GMT Donald Trump and Bernie Sanders Win the New Hampshire Primaries http://implode-explode.com/viewnews/2016-02-09_DonaldTrumpandBernieSandersWintheNewHampshirePrimaries.html ``Donald J. Trump and Senator Bernie Sanders of Vermont harnessed working-class fury to surge to commanding victories in a New Hampshire primary that drew huge turnout across the state.

The success by two outsider candidates dealt a remarkable rebuke to the political establishment, and left the race deeply unsettled.

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With close to half the precincts reporting, Mr. Trump had received almost 34 percent of the vote, and Mr. Sanders approached 60 percent.

The win for Mr. Sanders amounted to a powerful and painful rejection of Hillary Clinton, who has deep history with New Hampshire voters and offered policy ideas that seemed to reflect the flinty, moderate politics of the state. But Mr. Sanders, who has proposed an emphatically liberal agenda to raise taxes and impose regulations on Wall Street, drew support from a wide cross-section of voters, even edging her out among women, boosted by his appeal to younger women.

... the wave of support for both men was nonetheless stunning to leaders of both parties who believed that in the end, voters would embrace more experienced candidates like Mrs. Clinton or one of the Republican governors in the race. Yet the two men won significant support from voters who felt betrayed by their parties and were dissatisfied or angry with the federal government.

... Mr. Trump's candidacy, in particular, represents a hostile takeover of a party to which he has scant ties. Leveraging celebrity and a ubiquitous presence across both traditional and social media, Mr. Trump has embraced a style of populism on trade, foreign policy and immigration closer to the European nationalist parties than to American conservatism. He has never held elected office and was not even a registered Republican this time four years ago.

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The unaffiliated New Hampshire voters who participated in both party primaries, and who supported Mr. Trump and Mr. Sanders in sizable numbers, appear to have found those candidates' anti-establishment messages to be an asset.

... New Hampshire's Republican leaders, who jealously guard their first-in-the-nation status, were as perplexed as they were horrified.

"By name, I only know five people supporting Donald Trump," John H. Sununu, a former governor, said Tuesday. "So I say I cannot understand this electorate."

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iehi-feed-58956 Wed, 10 Feb 2016 02:51:12 GMT A Crash Course on Deflation http://implode-explode.com/viewnews/2016-02-09_ACrashCourseonDeflation.html iehi-feed-58955 Tue, 09 Feb 2016 23:52:05 GMT Why Chinese Factories Fare Poorly in the U.S. http://implode-explode.com/viewnews/2016-02-09_WhyChineseFactoriesFarePoorlyintheUS.html 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-58949 Tue, 09 Feb 2016 18:33:05 GMT Sears to speed up store closings after challenging holiday http://implode-explode.com/viewnews/2016-02-09_Searstospeedupstoreclosingsafterchallengingholiday.html iehi-feed-58947 Tue, 09 Feb 2016 14:44:09 GMT Why the ‘Sultan of Chaos' [Erdogan] is freaking out http://implode-explode.com/viewnews/2016-02-09_WhytheSultanofChaosErdoganisfreakingout.html iehi-feed-58945 Tue, 09 Feb 2016 02:58:55 GMT Nationstar: A Multi-billion Dollar Settlement over Foreclosure Practices Waiting to Happen | Mandelman Matters http://implode-explode.com/viewnews/2016-02-08_NationstarAMultibillionDollarSettlementoverForeclosurePracticesW.html 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-58938 Mon, 08 Feb 2016 14:02:06 GMT Quicken's 'Rocket Mortgage' Super Bowl ad sparks backlash http://implode-explode.com/viewnews/2016-02-08_QuickensRocketMortgageSuperBowladsparksbacklash.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.

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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.

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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-58934 Sun, 07 Feb 2016 21:04:27 GMT Why doesn't America's "4.9%" unemployment rate feel great? http://implode-explode.com/viewnews/2016-02-07_WhydoesntAmericas49unemploymentratefeelgreat.html iehi-feed-58929 Sat, 06 Feb 2016 15:45:43 GMT "Survivor" Contestant Turned Ponzi Schemer Busted For Kiddie Porn http://implode-explode.com/viewnews/2016-02-06_SurvivorContestantTurnedPonziSchemerBustedForKiddiePorn.html