Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-59683 Mon, 02 May 2016 14:57:27 GMT Piggy bank raiders: half of parents dip into children's savings (UK) http://implode-explode.com/viewnews/2016-05-02_PiggybankraidershalfofparentsdipintochildrenssavingsUK.html iehi-feed-59615 Fri, 22 Apr 2016 21:15:56 GMT Drvenkar Custom Homes / Tex Best Custom Builders files for Chapter 7 bankruptcy http://implode-explode.com/viewnews/2016-04-22_DrvenkarCustomHomesTexBestCustomBuildersfilesforChapter7bankrupt.html iehi-feed-59272 Wed, 16 Mar 2016 13:56:08 GMT W.J. Bradley Mortgage Capital permanently closes down http://implode-explode.com/viewnews/2016-03-16_WJBradleyMortgageCapitalpermanentlyclosesdown.html 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-58726 Sat, 16 Jan 2016 21:40:20 GMT Global Earnings Downgrades Haven't Been This Bad in Seven Years http://implode-explode.com/viewnews/2016-01-16_GlobalEarningsDowngradesHaventBeenThisBadinSevenYears.html iehi-feed-57966 Sun, 11 Oct 2015 14:37:37 GMT IMF: keep interest rates low or risk another crash http://implode-explode.com/viewnews/2015-10-11_IMFkeepinterestratesloworriskanothercrash.html iehi-feed-57448 Thu, 13 Aug 2015 12:28:21 GMT Is The Price Of Gold Really Headed To $20,000? http://implode-explode.com/viewnews/2015-08-13_IsThePriceOfGoldReallyHeadedTo20000.html iehi-feed-56316 Mon, 16 Mar 2015 18:26:50 GMT The Austrian Black Swan Claims Its First Foreign Casualty: German Duesselhyp Collapses, To Be Bailed Out http://implode-explode.com/viewnews/2015-03-16_TheAustrianBlackSwanClaimsItsFirstForeignCasualtyGermanDuesselhy.html iehi-feed-56312 Mon, 16 Mar 2015 14:00:45 GMT Greek currency crisis calls for controlled exit http://implode-explode.com/viewnews/2015-03-16_Greekcurrencycrisiscallsforcontrolledexit.html iehi-feed-56198 Mon, 02 Mar 2015 14:24:53 GMT Creditors Face Losses as Austria Halts Hypo Alpe Support http://implode-explode.com/viewnews/2015-03-02_CreditorsFaceLossesasAustriaHaltsHypoAlpeSupport.html Hypo Alpe-Adria-Bank International AG creditors face losses after the Austrian government ruled out providing fresh capital and put the failed lender into resolution.

After 5.5 billion euros ($6.2 billion) of taxpayer money was injected into Hypo Alpe over five years, Chancellor Werner Faymann's administration decided on March 1 to stop supporting Hypo Alpe's bad bank, Heta Asset Resolution AG, when it was told Heta may need another 7.6 billion euros.

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iehi-feed-56194 Sun, 01 Mar 2015 21:10:59 GMT Doral Financial in Puerto Rico Is (FINALLY) Shut Down by Regulators http://implode-explode.com/viewnews/2015-03-01_DoralFinancialinPuertoRicoIsFINALLYShutDownbyRegulators.html iehi-feed-55908 Tue, 20 Jan 2015 14:02:48 GMT Swiss Franc Wiped Out Everest's Main Fund http://implode-explode.com/viewnews/2015-01-20_SwissFrancWipedOutEverestsMainFund.html iehi-feed-55604 Sun, 07 Dec 2014 14:20:50 GMT Ukraine's electricity crisis deepens as a plan to import South African coal collapses http://implode-explode.com/viewnews/2014-12-07_UkraineselectricitycrisisdeepensasaplantoimportSouthAfricancoalc.html iehi-feed-55479 Wed, 19 Nov 2014 17:23:44 GMT U.S. housing starts fall 2.8% in October http://implode-explode.com/viewnews/2014-11-19_UShousingstartsfall28inOctober.html iehi-feed-55458 Tue, 18 Nov 2014 16:04:41 GMT Russia May Go For Its Own Space Station, Walk From ISS http://implode-explode.com/viewnews/2014-11-18_RussiaMayGoForItsOwnSpaceStationWalkFromISS.html iehi-feed-55190 Fri, 10 Oct 2014 02:02:37 GMT BofA Reportedly Cutting Back 1000 Jobs in Mtg Fulfillment; Adding To Loss Mit http://implode-explode.com/viewnews/2014-10-09_BofAReportedlyCuttingBack1000JobsinMtgFulfillmentAddingToLossMit.html This just in from a reader:

BOA just shut down all fulfillment jobs (over 1000) in Jacksonville FL site and announced a majority of us will be converted to loss mit. As a DE underwriter, I am patiently waiting to see if they pay my salary to be a Hamp Underwriter. This shows the economy is sucking, Hamp was ended 2 years ago, and now it is panic mode at Bank of America.

The economy is still in the toilet, you say? We are shocked... SHOCKED...

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iehi-feed-55095 Sat, 27 Sep 2014 13:56:47 GMT Doug Noland: What We Know http://implode-explode.com/viewnews/2014-09-27_DougNolandWhatWeKnow.html iehi-feed-54315 Wed, 09 Jul 2014 14:17:25 GMT Welcome to the Everything Boom, or Maybe the Everything Bubble http://implode-explode.com/viewnews/2014-07-09_WelcometotheEverythingBoomorMaybetheEverythingBubble.html Welcome to the Everything Boom -- and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. Stocks and bonds; emerging markets and advanced economies; urban office towers and Iowa farmland; you name it, and it is trading at prices that are high by historical standards relative to fundamentals. The inverse of that is relatively low returns for investors.

...

Prefer a more solid asset? The price of office and apartment building has risen similarly; office space in central business districts nationwide costs $300 per square foot on average, up from $147 in early 2010, according to Real Capital Analytics. In Manhattan, an investor in an office building can expect rent payments after expenses to add up to only a 4.4 percent return, known as the capitalization rate, lower than even in 2007, the top of the last boom.

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iehi-feed-53018 Wed, 01 Jan 2014 18:36:51 GMT New Year's Eve Gold Rush At Shanghai Shopping Mall http://implode-explode.com/viewnews/2014-01-01_NewYearsEveGoldRushAtShanghaiShoppingMall.html iehi-feed-50925 Sat, 25 May 2013 10:04:41 GMT Electrical Workers #527 Federal Credit Union Closes http://implode-explode.com/viewnews/2013-05-25_ElectricalWorkers527FederalCreditUnionCloses.html