Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-54488 Sat, 26 Jul 2014 01:07:12 GMT Maguire: CME Intervened on 7/11 with Margin Change to Cap Gold, Silver; Rescue Shorts iehi-feed-54487 Fri, 25 Jul 2014 18:46:54 GMT Bear Stearns figure Alan Greenberg dies iehi-feed-54486 Fri, 25 Jul 2014 17:47:42 GMT Retail group lowers forecast for all of 2014 iehi-feed-54485 Fri, 25 Jul 2014 14:31:07 GMT A Chinese Gold Standard? - Kwasi Kwarteng iehi-feed-54484 Fri, 25 Jul 2014 14:25:02 GMT Lawsuit Stunner: Half of Futures Trades in Chicago Are Illegal Wash Trades iehi-feed-54483 Fri, 25 Jul 2014 13:52:01 GMT Stalled recovery leaves Europe defenceless against economic shock from Russia iehi-feed-54482 Fri, 25 Jul 2014 13:47:22 GMT $200 per barrel oil if Russia sanctions escalate iehi-feed-54481 Fri, 25 Jul 2014 13:46:24 GMT Meanwhile, Ukraine's Government Collapses, PM Yatsenyuk Resigns iehi-feed-54480 Fri, 25 Jul 2014 13:45:20 GMT M&M's maker to raise chocolate prices 7 percent iehi-feed-54479 Fri, 25 Jul 2014 13:38:03 GMT Did PIMCO Push Cyprus Over The Edge? Over the last year, the island has been swept up by Watergate-style hearings with many of the principal actors in the economy's collapse and subsequent rescue. Beyond the calumny and conspiracy theories, one question has persisted: Did Pimco succumb to pressure from the central bank and the three bodies lending money to Cyprus -- the International Monetary Fund, the European Central Bank and European Commission -- to punish the banks by inflating their cash needs?... Some economists believe that the country's depositors, many of whom lost their life savings, suffered needlessly.


The basis for the criticism comes from an unusual source: a separate BlackRock study commissioned by the Cypriot central bank shortly before Pimco issued its report. The central bank chief, voicing concerns over Pimco's models and its approach, asked BlackRock, the world's largest investor, to dissect the work of its rival.

The BlackRock study, which has never been publicly released and was reviewed by The New York Times, suggests that the banks' needs were €1 billion less than Pimco's estimate of €8.8 billion; central bank officials did not brief the new Cypriot government on the report's existence at the time of bailout negotiations in March 2013. Government investigators, who have continued to delve into the matter, say capital requirements were even lower, just over €6 billion.

iehi-feed-54478 Fri, 25 Jul 2014 13:35:07 GMT Slower Japan Inflation Highlights BOJ's Reflation Task iehi-feed-54477 Fri, 25 Jul 2014 13:32:01 GMT MORICI: Yellen's denials of rising inflation iehi-feed-54476 Fri, 25 Jul 2014 13:28:34 GMT Calpers, other pension funds pull back from hedge funds iehi-feed-54475 Fri, 25 Jul 2014 13:15:39 GMT The Muddled Case of Argentine Bonds iehi-feed-54473 Fri, 25 Jul 2014 13:03:11 GMT The Coming Slump - Alasdair MacLeod iehi-feed-54472 Thu, 24 Jul 2014 15:41:54 GMT New home sales tumble 8.1% in June iehi-feed-54471 Thu, 24 Jul 2014 15:30:31 GMT The "Gates" Are Closing: SEC Passes Money Market Reform iehi-feed-54470 Thu, 24 Jul 2014 13:56:29 GMT Tale of the Tapes: IRS head confirms investigators have found backup tapes in Lerner probe iehi-feed-54468 Thu, 24 Jul 2014 13:46:49 GMT U.K. Talks on Currency-Rigging Settlement Accelerate iehi-feed-54467 Thu, 24 Jul 2014 13:45:52 GMT Atlantic City's Credit Rating Cut 2 Steps to Junk by Moody's