Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-64232 Sun, 23 Sep 2018 14:41:17 GMT HUD Secretary Ben Carson Rants About Deep State Socialist Perverts http://implode-explode.com/viewnews/2018-09-23_HUDSecretaryBenCarsonRantsAboutDeepStateSocialistPerverts.html iehi-feed-64231 Sat, 22 Sep 2018 14:22:07 GMT Equifax Rule Is In Effect As Credit Freezes Are Now Free http://implode-explode.com/viewnews/2018-09-22_EquifaxRuleIsInEffectAsCreditFreezesAreNowFree.html iehi-feed-64229 Fri, 21 Sep 2018 14:46:30 GMT NYC Files Zombie Homes Lawsuit Against Banks http://implode-explode.com/viewnews/2018-09-21_NYCFilesZombieHomesLawsuitAgainstBanks.html iehi-feed-64226 Thu, 20 Sep 2018 18:12:37 GMT Florida Foreclosures Are Skyrocketing Thanks To The Florida Supreme Court http://implode-explode.com/viewnews/2018-09-21_FloridaForeclosuresAreSkyrocketingThanksToTheFloridaSupremeCourt.html iehi-feed-64225 Thu, 20 Sep 2018 18:10:37 GMT ATTENTION Mark Stopa Foreclosure Clients! http://implode-explode.com/viewnews/2018-09-21_ATTENTIONMarkStopaForeclosureClients.html iehi-feed-64221 Wed, 19 Sep 2018 15:16:58 GMT FTC Shuts Down Websites Preying On Section 8 Renters http://implode-explode.com/viewnews/2018-09-19_FTCShutsDownWebsitesPreyingOnSection8Renters.html iehi-feed-64218 Tue, 18 Sep 2018 18:06:22 GMT Trump Tower Condo Values Continue To Plummet By Double Digits http://implode-explode.com/viewnews/2018-09-19_TrumpTowerCondoValuesContinueToPlummetByDoubleDigits.html iehi-feed-64213 Sun, 16 Sep 2018 14:24:16 GMT Mortgage Application Fraud Skyrocketing By Double Digits http://implode-explode.com/viewnews/2018-09-16_MortgageApplicationFraudSkyrocketingByDoubleDigits.html iehi-feed-64210 Sat, 15 Sep 2018 23:49:17 GMT Mortgage Shotgunning Scheme Sends NY Real Estate Broker To Prison http://implode-explode.com/viewnews/2018-09-16_MortgageShotgunningSchemeSendsNYRealEstateBrokerToPrison.html iehi-feed-64209 Sat, 15 Sep 2018 14:51:51 GMT JPMorgan Sees Liquidity Wildcard in Gauging Depth of Next Crisis http://implode-explode.com/viewnews/2018-09-15_JPMorganSeesLiquidityWildcardinGaugingDepthofNextCrisis.html ``A decade after the collapse of Lehman Brothers sparked a plunge in markets and a raft of emergency measures, strategists at the bank have created a model aimed at gauging the timing and severity of the next financial crisis. And they reckon investors should pencil it in for 2020.

The good news is, the next one will probably generate a somewhat less painful hit than past episodes, according to their analysis. The bad news? Diminished financial market liquidity since the 2008 implosion is a "wildcard" that's tough to game out...

Assuming an average-length recession, the model came up with the following peak-to-trough performance estimates for different asset classes in the next crisis, according to the note:

U.S. stock slide of about 20 percent.

A jump in U.S. corporate-bond yield premiums of about 1.15 percentage points.

A 35 percent tumble in energy prices and 29 percent slump in base metals.

A 2.79 percentage point widening in spreads on emerging-nation government debt.

A 48 percent slide in emerging-market stocks, and a 14.4 percent drop in emerging currencies.

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[But] JPMorgan's Marko Kolanovic has previously concluded that the big shift away from actively managed investing -- through the rise of index funds, exchange-traded funds and quantitative-based trading strategies -- has escalated the danger of market disruptions. He and his colleagues wrote in a separate note Monday of the potential for a future "Great Liquidity Crisis." ... This change has "eliminated a large pool of assets that would be standing ready to buy cheap public securities and backstop a market disruption," Chang and Loeys warned.

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iehi-feed-64204 Tue, 11 Sep 2018 15:35:33 GMT American Homeownership At 35-Year Low And Plummetting http://implode-explode.com/viewnews/2018-09-11_AmericanHomeownershipAt35YearLowAndPlummetting.html iehi-feed-64194 Sun, 09 Sep 2018 17:52:09 GMT The Empty Storefronts of New York: A Panoramic View (UP TO 20% VACANCY!!) http://implode-explode.com/viewnews/2018-09-10_TheEmptyStorefrontsofNewYorkAPanoramicViewUPTO20VACANCY.html New York City's streetscape has been transformed -- visually and economically -- by the staggering numbers of vacant storefronts now dotting its most popular retail corridors. The Times set out with a panoramic camera to capture what this commercial blight feels like on the ground.

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A survey conducted by Douglas Elliman found that about 20 percent of all retail space in Manhattan is currently vacant, she said, compared with roughly 7 percent in 2016.

While a commercial crisis might more likely be associated with periods of economic distress, this one comes during an era of soaring prosperity, in a city teeming with tourism and booming with development.

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Particularly hard hit are gentrifying areas in Brooklyn and many of Manhattan's top retail strips in some of the world's priciest shopping districts, from Broadway in SoHo to Madison Avenue on the Upper East Side.

Yeah right, it's just a "period of prosperity" -- not a time of papered-over economic lacunae using cheap money...

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iehi-feed-64190 Sat, 08 Sep 2018 20:58:48 GMT New York Attorney Steven Etkind Pleads Guilty To Tax Fraud http://implode-explode.com/viewnews/2018-09-09_NewYorkAttorneyStevenEtkindPleadsGuiltyToTaxFraud.html iehi-feed-64183 Mon, 03 Sep 2018 21:09:49 GMT Invoking FDCPA Claims In Non-Judicial Foreclosures Could End! http://implode-explode.com/viewnews/2018-09-04_InvokingFDCPAClaimsInNonJudicialForeclosuresCouldEnd.html iehi-feed-64177 Thu, 30 Aug 2018 17:06:01 GMT Mounting Inventory And Skittish Buyers Pushing NYC Condo Developers To Cut Deals http://implode-explode.com/viewnews/2018-08-31_MountingInventoryAndSkittishBuyersPushingNYCCondoDevelopersToCut.html "These first-half numbers were really shocking," Stribling Vice Chairman Kirk Henckels said. He believes the improved co-ops numbers are the result of sellers in that sector seeing the writing on the wall and cutting asking prices.

"It's really the consumer saying ‘this is enough," he said. "New developments showed a huge decline, falling 54% while resale condos only fell 25%."

Already steep competition could be set to steepen.

Manhattan's new condo inventory is projected to hit 7,900 next year, The Real Deal reported earlier this summer, citing data from appraisal firm Miller Samuel.

That is a significant increase on the average from the last few years -- which has sat between 3,000 and 4,000 units -- and means it would take about four-and-a-half years to sell all the units.

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iehi-feed-64172 Thu, 30 Aug 2018 13:03:41 GMT Soccer Legend Diego Maradona Claims Ex-Wife Defrauded Him http://implode-explode.com/viewnews/2018-08-30_SoccerLegendDiegoMaradonaClaimsExWifeDefraudedHim.html iehi-feed-64171 Thu, 30 Aug 2018 13:01:30 GMT Wholesale Mortgage Brokers Say Hasta La Vista To Quicken Loans http://implode-explode.com/viewnews/2018-08-30_WholesaleMortgageBrokersSayHastaLaVistaToQuickenLoans.html iehi-feed-64169 Thu, 30 Aug 2018 12:58:57 GMT Fannie Mae CEO Is Busted Again For Not Keeping His Pants Zipped! http://implode-explode.com/viewnews/2018-08-30_FannieMaeCEOIsBustedAgainForNotKeepingHisPantsZipped.html iehi-feed-64165 Fri, 10 Aug 2018 11:54:05 GMT Homeowners With Wells Fargo Mortgages Can Sue Wells Fargo http://implode-explode.com/viewnews/2018-08-10_HomeownersWithWellsFargoMortgagesCanSueWellsFargo.html iehi-feed-64163 Wed, 08 Aug 2018 17:57:48 GMT TV maker laying off most workers, blaming Trump tariffs http://implode-explode.com/viewnews/2018-08-08_TVmakerlayingoffmostworkersblamingTrumptariffs.html President Donald Trump's tariffs against China are causing a South Carolina television maker to lay off nearly all of its employees because of the sudden increase in the price of components for its products.

Element TV Company will let 126 workers go, most of them on Oct. 5, leaving behind a skeleton crew of eight employees to watch the Fairfield County plant in hopes it can reopen in three to six months, the company said in a letter to state employment officials Monday.

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The Element plant opened to huge fanfare about five years ago. Trump's current U.N. Ambassador, Nikki Haley, was South Carolina governor at the time. In August 2014, she did a live video feed from the plant beamed to a Walmart manufacturing summit, where she spoke about how to bring manufacturing jobs back to the U.S. by selling her state.

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Tariffs could lead to more job losses in the state, especially in the auto industry. Swedish carmaker Volvo has said tariffs could prevent it from reaching its goal of 4,000 workers by 2021 at its just opened plant near Charleston. BMW has warned Trump administration officials that some if not many of its 10,000 workers at its plant near Spartanburg could have their jobs at risk if tariffs continue.

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