Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56797 Mon, 25 May 2015 00:40:06 GMT Portfolio Recovery Slapped With $83 Million Verdict iehi-feed-56796 Sun, 24 May 2015 23:25:34 GMT Florida's Infamous Rocket Docket To Die July 1st iehi-feed-56795 Sun, 24 May 2015 19:42:14 GMT Greece Hasn't Got The Money To Make June IMF Repayment, Interior Minister Says iehi-feed-56794 Sun, 24 May 2015 16:38:35 GMT Tsipras faces down radicals within SYRIZA over terms of deal iehi-feed-56793 Sun, 24 May 2015 16:36:58 GMT Borders are closing and banks are in retreat. Is globalisation dead? Professor Jagdish Bhagwati, an Indian-born economist now at Columbia University in the US and an avowed free trader, says part of globalisation's image problem comes from the assumption that it has to mean unleashing capital flows, which he calls "the weak underbelly of globalisation".

"The freeing-up of capital flows is what led to the East Asian financial crisis [of the late 1990s], and we need to do something about that," he says. He argues that free capital flows are not a necessary part of globalisation. "Did you expect me also to be for free love?" he jokes. "Maybe I am, but not because I'm a free trader!"

Recent research by the International Monetary Fund, highlighted by its managing director Christine Lagarde, suggested that developing countries must be cautious about so-called "financial deepening" -- expanding their banking sectors and opening up their capital markets -- because without tough regulation it can be too risky.''

iehi-feed-56792 Sun, 24 May 2015 14:16:29 GMT China Sets Up $100B Gold Fund For Central Banks iehi-feed-56791 Sun, 24 May 2015 14:05:54 GMT Doug Noland - Paying for the Past: Insight from Lindsey, Fisher and Greenspan iehi-feed-56790 Sun, 24 May 2015 13:47:16 GMT Hundreds of Tech Companies Line Up to Oppose TPP Trade Agreement iehi-feed-56789 Sun, 24 May 2015 13:45:18 GMT Something is grotesquely wrong with Vancouver's housing market, and the time for denialism is over iehi-feed-56787 Sat, 23 May 2015 23:24:26 GMT Currency tumbles as Venezuelans look to unload bolivars iehi-feed-56785 Sat, 23 May 2015 18:31:52 GMT Matt Taibbi: World's Largest Banks Admit to Massive Global Financial Crimes, But Escape Jail (Again) iehi-feed-56783 Sat, 23 May 2015 15:01:23 GMT Millions of Barrels of Oil Are About to Vanish iehi-feed-56782 Sat, 23 May 2015 15:00:30 GMT Yanis Varoufakis Is More Than His Clothes; Greece Submerges; Fights to Save Pensions, and more German, Russian and Chinese companies race to buy up Greek infrastructure, Greece Submerges as Crisis Fallout Worse Than Emerging Markets, and Fight to save the Greek pension takes centre stage in Brussels and Athens.]]> iehi-feed-56781 Fri, 22 May 2015 20:50:35 GMT OECD - "We Reached The Tipping Point": Income Inequality Is Highest Since Records Began iehi-feed-56780 Fri, 22 May 2015 20:46:58 GMT China, Brazil Agree to $50 billion Infrastructure Fund, Trans-Oceanic Railway and Billions More in Deals iehi-feed-56775 Fri, 22 May 2015 16:51:44 GMT Renzi is still dodging big Italian pension fight (IT) iehi-feed-56771 Fri, 22 May 2015 14:09:21 GMT For Caterpillar, This Is What The "Second Great Depression" Looks Like iehi-feed-56769 Fri, 22 May 2015 13:54:43 GMT Ray Dalio Slams Buffett For Being "Wrong On Gold", Says "Social Disruption" Is Inevitable iehi-feed-56767 Thu, 21 May 2015 19:16:54 GMT High Ranking Connecticut Fraud Investigator Busted For Giving Lender Fake Paystubs iehi-feed-56766 Thu, 21 May 2015 15:54:32 GMT Sales of Previously Owned U.S. Homes Unexpectedly Decline