Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-58951 Tue, 09 Feb 2016 19:39:18 GMT Deutsche Bank Is ‘Absolutely Rock-Solid,' Cryan Tells Employees http://implode-explode.com/viewnews/2016-02-09_DeutscheBankIsAbsolutelyRockSolidCryanTellsEmployees.html iehi-feed-58948 Tue, 09 Feb 2016 14:45:57 GMT German Judges Slam TTIP Dispute-Resolution Mechanism http://implode-explode.com/viewnews/2016-02-09_GermanJudgesSlamTTIPDisputeResolutionMechanism.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-58946 Tue, 09 Feb 2016 14:42:41 GMT We Are Watching The Financial Collapse! http://implode-explode.com/viewnews/2016-02-09_WeAreWatchingTheFinancialCollapse.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-58936 Sun, 07 Feb 2016 21:13:03 GMT PBOC Has Only A Few Months Left "To Stop Collapse": Edwards http://implode-explode.com/viewnews/2016-02-07_PBOCHasOnlyAFewMonthsLeftToStopCollapseEdwards.html China's Foreign-Exchange Reserves Decline to $3.23 Trillion.]]> iehi-feed-58935 Sun, 07 Feb 2016 21:11:18 GMT Risk of GLOBAL WAR as Saudi Arabia, Turkey -- and Ukraine -- enter Syria chaos http://implode-explode.com/viewnews/2016-02-07_RiskofGLOBALWARasSaudiArabiaTurkeyandUkraineenterSyriachaos.html iehi-feed-58931 Sun, 07 Feb 2016 17:32:41 GMT China's 3 trillion dollar mistake http://implode-explode.com/viewnews/2016-02-07_Chinas3trilliondollarmistake.html iehi-feed-58918 Fri, 05 Feb 2016 16:11:17 GMT Portugal's anti-austerity budget provokes Brussels showdown http://implode-explode.com/viewnews/2016-02-05_PortugalsantiausteritybudgetprovokesBrusselsshowdown.html Portugal's new Socialist government faces an embarrassing rejection of its first "anti-austerity" budget by the European Commission on Friday after eleventh-hour talks failed to break a stalemate over additional cuts needed to bring Lisbon in line with EU deficit rules.

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The commission announced it would hold a special meeting on Friday afternoon to decide whether Portugal's 2016 budget -- submitted three months late after protracted post-election coalition negotiations -- would be rejected. If it is, it would mark the first time a eurozone government has had its spending plan vetoed by Brussels since the new crisis-era rules went into effect in 2011.

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Under eurozone rules, a country that misses its deficit target must at least demonstrate it is undertaking significant economic reforms. But the Portuguese budget reins back such measures, prompting a warning from Brussels that its efforts were "well below" target.

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iehi-feed-58917 Fri, 05 Feb 2016 16:06:51 GMT Bass Predicts 30-40% Yuan Deval; Asks Why China is So Concerned With Him http://implode-explode.com/viewnews/2016-02-05_BassPredicts3040YuanDevalAsksWhyChinaisSoConcernedWithHim.html iehi-feed-58915 Fri, 05 Feb 2016 15:57:27 GMT Chinese Buying Silver To Escape Yuan? http://implode-explode.com/viewnews/2016-02-05_ChineseBuyingSilverToEscapeYuan.html iehi-feed-58913 Fri, 05 Feb 2016 15:29:38 GMT Drone Footage of Homs Shows Shows Why Refugees Don't "Just Go Back" http://implode-explode.com/viewnews/2016-02-05_DroneFootageofHomsShowsShowsWhyRefugeesDontJustGoBack.html iehi-feed-58912 Fri, 05 Feb 2016 00:06:23 GMT Russia, Assad deliver blow to Turkey in Syria http://implode-explode.com/viewnews/2016-02-04_RussiaAssaddeliverblowtoTurkeyinSyria.html iehi-feed-58911 Thu, 04 Feb 2016 23:47:33 GMT Get Ready. For The Pogrom. http://implode-explode.com/viewnews/2016-02-04_GetReadyForThePogrom.html iehi-feed-58910 Thu, 04 Feb 2016 21:44:21 GMT Assange Wins U.N. Detention Ruling (AND U.K., SWEDEN SUDDENLY PRETEND NOT TO BE U.N. MEMBERS) http://implode-explode.com/viewnews/2016-02-04_AssangeWinsUNDetentionRulingANDUKSWEDENSUDDENLYPRETENDNOTTOBEUNM.html iehi-feed-58908 Thu, 04 Feb 2016 17:22:54 GMT Oil Spikes Near $33 After Turkey-To-Invade-Syria Rumor http://implode-explode.com/viewnews/2016-02-04_OilSpikesNear33AfterTurkeyToInvadeSyriaRumor.html iehi-feed-58905 Thu, 04 Feb 2016 14:03:47 GMT European banks near 'terrifying' crisis: Raoul Pal http://implode-explode.com/viewnews/2016-02-04_EuropeanbanksnearterrifyingcrisisRaoulPal.html iehi-feed-58902 Thu, 04 Feb 2016 13:57:06 GMT Greek Pensions Reform Sparks Protests in Test for Tsipras http://implode-explode.com/viewnews/2016-02-04_GreekPensionsReformSparksProtestsinTestforTsipras.html iehi-feed-58901 Thu, 04 Feb 2016 13:53:12 GMT EU agrees funding for Turkey to curb migrant flows after Italy drops objections http://implode-explode.com/viewnews/2016-02-04_EUagreesfundingforTurkeytocurbmigrantflowsafterItalydropsobjecti.html iehi-feed-58899 Thu, 04 Feb 2016 03:50:57 GMT Chicago on Brink of Bond Market Shutoff: Tax-Exempt Yield Hits Stunning 8.50% http://implode-explode.com/viewnews/2016-02-03_ChicagoonBrinkofBondMarketShutoffTaxExemptYieldHitsStunning850.html