Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56813 Tue, 26 May 2015 22:42:58 GMT Stocks tumble as Dow falls nearly 200 points, Rate Hike Fears Return Four Fed banks renewed call for discount rate hike -minutes.]]> iehi-feed-56811 Tue, 26 May 2015 20:09:59 GMT Bank of Greence "Printing its Own Euros" -- Source iehi-feed-56810 Tue, 26 May 2015 18:32:40 GMT Mark Yaffe Of National Gold Exchange Pleads Guilty In Fraudulent $35 Million Loan Deal iehi-feed-56808 Tue, 26 May 2015 15:54:58 GMT Bond Traders Uncover Secret to Rates That Fed Doesn't Get iehi-feed-56807 Tue, 26 May 2015 15:53:32 GMT New home sales, prices rise strongly in April, on Midwest Strength iehi-feed-56806 Tue, 26 May 2015 14:58:47 GMT Yannis Varoufakis: Austerity Is the Only Deal-Breaker iehi-feed-56805 Tue, 26 May 2015 14:58:09 GMT With Money Drying Up, Greece Is All but Bankrupt Some 89 percent of Greece's €6.5 billion investment budget is majority financed by Europe, meaning the government is paid back shortly after each outlay. Through the worst days of austerity, Mr. Bakoyannis explains, these investments -- highways, bridges and ports, for example -- had continued, as the government always knew it would be paid back in weeks. Since April 30, he says, the liquidity crisis in Athens has forced the government to stop payment on these initiatives as well, the first time in his memory that that has happened.

"These projects are our lifeline," said Mr. Bakoyannis, who has seen his infrastructure budget cut to €12 million from €65 million in the past four years. "It's not about Keynesian politics anymore -- it's about finding enough money to repair a simple road."''

See also Greek PM convenes emergency meeting of his bailout negotiation team as default looms; Poll: only 1/3rd of Greeks support negotiating strategy.

iehi-feed-56804 Mon, 25 May 2015 18:15:33 GMT "War is just a Racket" - Maj. Gen. Smedley Butler iehi-feed-56803 Mon, 25 May 2015 15:17:07 GMT Stockman on Central Bank "Coup D'Etat" iehi-feed-56801 Mon, 25 May 2015 14:59:45 GMT Where Is This Housing Rebound? | Alhambra Investment Partners iehi-feed-56800 Mon, 25 May 2015 14:58:10 GMT Barclays facing explosive allegations it engineered computer systems to rig financial markets iehi-feed-56799 Mon, 25 May 2015 14:56:42 GMT CME developing European gold futures contract: sources iehi-feed-56798 Mon, 25 May 2015 03:07:15 GMT America's disappointing economic recovery iehi-feed-56797 Mon, 25 May 2015 00:40:06 GMT Portfolio Recovery Slapped With $83 Million Verdict iehi-feed-56796 Sun, 24 May 2015 23:25:34 GMT Florida's Infamous Rocket Docket To Die July 1st iehi-feed-56795 Sun, 24 May 2015 19:42:14 GMT Greece Hasn't Got The Money To Make June IMF Repayment, Interior Minister Says iehi-feed-56794 Sun, 24 May 2015 16:38:35 GMT Tsipras faces down radicals within SYRIZA over terms of deal iehi-feed-56793 Sun, 24 May 2015 16:36:58 GMT Borders are closing and banks are in retreat. Is globalisation dead? Professor Jagdish Bhagwati, an Indian-born economist now at Columbia University in the US and an avowed free trader, says part of globalisation's image problem comes from the assumption that it has to mean unleashing capital flows, which he calls "the weak underbelly of globalisation".

"The freeing-up of capital flows is what led to the East Asian financial crisis [of the late 1990s], and we need to do something about that," he says. He argues that free capital flows are not a necessary part of globalisation. "Did you expect me also to be for free love?" he jokes. "Maybe I am, but not because I'm a free trader!"

Recent research by the International Monetary Fund, highlighted by its managing director Christine Lagarde, suggested that developing countries must be cautious about so-called "financial deepening" -- expanding their banking sectors and opening up their capital markets -- because without tough regulation it can be too risky.''

iehi-feed-56792 Sun, 24 May 2015 14:16:29 GMT China Sets Up $100B Gold Fund For Central Banks iehi-feed-56791 Sun, 24 May 2015 14:05:54 GMT Doug Noland - Paying for the Past: Insight from Lindsey, Fisher and Greenspan