Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us 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-55120 Tue, 30 Sep 2014 16:22:48 GMT Murdoch's News Corp. to buy parent of for $950 million (GREAT SYNERGY FOR REAL ESTATE PROPAGANDA!) iehi-feed-55119 Tue, 30 Sep 2014 12:59:53 GMT Yuan to Start Direct Trading With Euro as China Pushes Usage iehi-feed-55118 Tue, 30 Sep 2014 12:50:54 GMT US senators demand probe into leaked Goldman Sachs tapes 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-55113 Mon, 29 Sep 2014 21:06:53 GMT Flagstar fined $37.5 mil for mortgage-processing failures iehi-feed-55112 Mon, 29 Sep 2014 21:03:08 GMT Argentina found to be in contempt of court by US judge 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-55108 Mon, 29 Sep 2014 18:31:35 GMT Bill Gross exit could cost Pimco $400 billion iehi-feed-55106 Mon, 29 Sep 2014 15:28:46 GMT Survey: ATM, checking account overdraft fees surge iehi-feed-55103 Sat, 27 Sep 2014 14:18:28 GMT Peak Debt---Why The Keynesian Money Printers Are Done | David Stockman iehi-feed-55102 Sat, 27 Sep 2014 14:11:11 GMT Death Of 'Safe Haven' Gold Greatly Exaggerated iehi-feed-55101 Sat, 27 Sep 2014 14:08:55 GMT Maguire - Eastern Sovereigns Snap Up 650 Tons Of Gold In Take-Down iehi-feed-55100 Sat, 27 Sep 2014 14:07:33 GMT German Bullion Dealers Report Major Increase in Sales iehi-feed-55099 Sat, 27 Sep 2014 14:06:44 GMT One Year's Worth Of Mined Commodities: Visually iehi-feed-55098 Sat, 27 Sep 2014 14:04:08 GMT Ukraine, Europe, Russia make progress in gas talks