Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-63042 Tue, 26 Sep 2017 17:24:22 GMT HECM Rules Allow Spouses Of Reverse Mortgage Borrowers To Remain In The Home http://implode-explode.com/viewnews/2017-09-26_HECMRulesAllowSpousesOfReverseMortgageBorrowersToRemainInTheHome.html iehi-feed-63041 Tue, 26 Sep 2017 17:22:49 GMT How You Can Find Yourself Facing A Reverse Mortgage Foreclosure http://implode-explode.com/viewnews/2017-09-26_HowYouCanFindYourselfFacingAReverseMortgageForeclosure.html iehi-feed-63040 Tue, 26 Sep 2017 17:21:18 GMT New York Fraud Alert - America's Wholesale Lender http://implode-explode.com/viewnews/2017-09-26_NewYorkFraudAlertAmericasWholesaleLender.html iehi-feed-63039 Tue, 26 Sep 2017 17:02:39 GMT Is Trump Exacting Revenge on Puerto Rico for the Failure of His Golf Course? http://implode-explode.com/viewnews/2017-09-26_IsTrumpExactingRevengeonPuertoRicofortheFailureofHisGolfCourse.html ``Trump golf course bankruptcy in Puerto Rico left Puerto Rican taxpayers with nearly $33 million bill, another example of Trump's many scams... ''

See also Cold Comfort: Trump's refusal to send hospital ship tips his plan to abandon Puerto Rico.

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iehi-feed-63038 Tue, 26 Sep 2017 01:57:02 GMT Gold as the Monetary Sun http://implode-explode.com/viewnews/2017-09-25_GoldastheMonetarySun.html A major effort has existed to repeatedly knock down the value of gold in relation to the dollar. This is only possible in an environment in which public faith in the banking system and the stock market remain high. As soon as those two confidence bubbles burst, the dollar will decline rapidly in relation to gold, and gold will once more return to its intrinsic value, just as it has done time and time again for over 5,000 years.

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Over the millennia, mankind has used cattle, tobacco, seashells, even tulips as currency, yet each of these has failed at some point. More importantly, all paper currencies that have ever existed, except the current ones, have not only failed, but have gone to zero in worth.

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iehi-feed-63036 Tue, 26 Sep 2017 01:45:18 GMT SEC staff forced to tell chairman about hack because stolen data WAS used by inside traders http://implode-explode.com/viewnews/2017-09-25_SECstaffforcedtotellchairmanabouthackbecausestolendataWASusedbyi.html The SEC Office of Information Technology staff took steps in 2016 to fix the defect in the custom-developed software code and reported the incident to the Department of Homeland Security's Computer Emergency Readiness Team. Then SEC staff crossed their fingers and hoped that the thieves would never use the non-public Edgar filing information for illegal insider trading.

Those prayers were not answered. The agency, and fellow self-regulators like Nasdaq and Finra, are getting too good at identifying unusual trading patterns. They look for the "too good to be true" wins that likely come from timely confidential information. Recent insider-trading cases highlight the SEC's enhanced capabilities in tracking and zeroing in on traders who are cheating.

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iehi-feed-63033 Mon, 25 Sep 2017 18:44:21 GMT AfD mobilized irrational fears of future, especially in the east, say pollsters (Germany) http://implode-explode.com/viewnews/2017-09-25_AfDmobilizedirrationalfearsoffutureespeciallyintheeastsaypollste.html iehi-feed-63032 Mon, 25 Sep 2017 18:37:12 GMT Comparing the cost of living between 1975 and 2017:  Inflation continues to eat away at purchasing power http://implode-explode.com/viewnews/2017-09-25_Comparingthecostoflivingbetween1975and2017Inflationcontinuestoea.html iehi-feed-63031 Mon, 25 Sep 2017 17:41:38 GMT Congressman Introduces Bill That Would Indemnify His Former Foreclosure Mill http://implode-explode.com/viewnews/2017-09-25_CongressmanIntroducesBillThatWouldIndemnifyHisFormerForeclosureM.html iehi-feed-63029 Mon, 25 Sep 2017 03:55:56 GMT German election results: Disappointing victory for Angela Merkel as CDU sinks, nationalist AfD hits 12.6% http://implode-explode.com/viewnews/2017-09-24_GermanelectionresultsDisappointingvictoryforAngelaMerkelasCDUsin.html iehi-feed-63026 Sun, 24 Sep 2017 01:07:29 GMT The Great Corporate Cash Shell Game http://implode-explode.com/viewnews/2017-09-23_TheGreatCorporateCashShellGame.html ... the amount of bonds issued by these companies has surged, rising 66 percent from mid-2009 to $5.24 trillion of bonds outstanding as of the end of June, Federal Reserve data show. .. That isn't necessarily a recipe for default because a large chunk of this is an exercise in financial engineering aimed at avoiding onerous taxes [by keeping earned profits offshore]. But it has consequences. First, it limits the benefit to the economy if and when those tax policies are changed because much of the money has already been released through the bond market.

And second, to the extent that companies have cash, they're not using enough of it for exciting projects. There hasn't been a tremendous wave of innovation or salary increases. Instead, companies have repurchased billions of dollars of their own shares, which is great for the stock market but doesn't do a whole lot to bolster economic growth.''

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iehi-feed-63024 Sat, 23 Sep 2017 15:24:02 GMT Housing Affordability NEVER Worse...By a Long-Shot - M. Hanson http://implode-explode.com/viewnews/2017-09-23_HousingAffordabilityNEVERWorseByaLongShotMHanson.html iehi-feed-63023 Sat, 23 Sep 2017 15:20:56 GMT "Puerto Rico Back in the 18th Century" - Kunstler http://implode-explode.com/viewnews/2017-09-23_PuertoRicoBackinthe18thCenturyKunstler.html iehi-feed-63019 Sat, 23 Sep 2017 14:21:10 GMT Creating Test for Trump, Panel Says Imported Solar Gear Hurts U.S. Firms http://implode-explode.com/viewnews/2017-09-23_CreatingTestforTrumpPanelSaysImportedSolarGearHurtsUSFirms.html A flood of imported solar equipment has seriously hurt American companies, the International Trade Commission ruled on Friday, setting up a major test of President Trump's willingness to use the protectionist measures he endorsed during the campaign.

The commission will now devise a course of action to recommend to Mr. Trump by Nov. 13. Its recommendations -- which the president will have broad leeway to accept, amend or reject -- could include establishing tariffs or minimum prices on imported solar equipment.

The commission ruled 4-0 in a case that focused on the question of whether the financial woes of two companies, Suniva and SolarWorld Americas, were caused by their own business practices or by unfair competition, often from Chinese companies that benefit from state subsidies.

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"The president will examine the facts and make a determination that reflects the best interests of the United States," said Natalie Strom, a White House spokeswoman. "The U.S. solar manufacturing sector contributes to our energy security and economic prosperity."

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Several analysts predicted that tariffs would revive the manufacturing of solar modules, or panels, in the United States, encouraging producers to open or expand American factories, as some large Chinese panel makers are already looking to do. But others said problems in the market were the result of low prices stemming from a global glut rather than a lack of capacity.

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Although companies like Sunrun, which focuses on installing panels on residential rooftops, said they could withstand higher prices, developers of large-scale projects said they were already seeing a slowdown as customers pulled back from committing to deals that could become uneconomical if costs rose.

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The case relied on a section of United States trade law that has not been used since President George W. Bush levied tariffs on foreign steel in 2002. In the intervening years, Barack Obama's administration chose to rely more heavily on the World Trade Organization to settle trade disputes.

President Trump and his advisers have argued that the World Trade Organization has been ineffective and slow at resolving trade violations. They have urged more unilateral action by the United States.

Analysts see a good chance of the president's taking action to protect the solar industry, given his longtime support for tariffs as a way to protect industries from cheap foreign products, especially from China.

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iehi-feed-63018 Fri, 22 Sep 2017 20:47:54 GMT Why didn't Equifax protect your data? Because corporations have all the power http://implode-explode.com/viewnews/2017-09-22_WhydidntEquifaxprotectyourdataBecausecorporationshaveallthepower.html iehi-feed-63017 Fri, 22 Sep 2017 17:36:54 GMT Feierstein: Entire Global Economy Now a Ponzi; New Crisis On Horizon http://implode-explode.com/viewnews/2017-09-22_FeiersteinEntireGlobalEconomyNowaPonziNewCrisisOnHorizon.html Stock markets today are at all time highs, housing markets globally have been artificially reflated and companies who have not ever made a penny of profit are being floated for eye-watering sums.

When everybody is thinking the same thing, it is likely that no one is really thinking at all. Co-founder and presenter, Ross Ashcroft interviews investor, hedge fund manager and author of Planet Ponzi, Mitch Feierstein.

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Feierstein cited the Resolution Trust debacle as an example of what should have happened. The Trust was declared insolvent as a consequence of the 1980s Savings and Loans Crisis and up to 300 bankers were jailed.

"This is what should have happened this time around, instead of taking hundreds of trillions of dollars taxpayer's money and placing the taxpayer at incredible peril and just added liquidity to the markets," he said. "Giving more money to an insolvent institution is not the solution. You cannot pay your way out of debt with borrowed money. It's not going to cure the underlying problem of insolvency."

This is why Feierstein refers to the entire global economy as a Ponzi scheme.

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Feierstein predicts another financial crisis is on the horizon and says China is due for another significant credit event, but this time, companies should be allowed to go under.

"Capitalism without bankruptcy is like Catholicism without hell," he said. "What happens when you bail out the insolvency is you still have an insolvent bridge that has more debt." ''

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iehi-feed-63015 Thu, 21 Sep 2017 22:01:33 GMT Hack of SEC rattles investors, lawmakers (MAY HAVE ENABLED INSIDER TRADING) http://implode-explode.com/viewnews/2017-09-21_HackofSECrattlesinvestorslawmakersMAYHAVEENABLEDINSIDERTRADING.html Wall Street's top regulator came under fire on Thursday about its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.

The breach involved Securities and Exchange Commission's EDGAR filing system, which houses market-moving information with millions of filings ranging from quarterly earnings to statements on acquisitions.

The SEC said on Wednesday evening it discovered last month that cyber criminals may have used a hack detected in 2016 to make illicit trades.

No doubt such ill-gotten information was fed to some "flash boys" at some point...

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iehi-feed-63014 Thu, 21 Sep 2017 18:50:50 GMT A "Surprise" Bump in Bad Credit Card Loans http://implode-explode.com/viewnews/2017-09-21_ASurpriseBumpinBadCreditCardLoans.html ``Credit card lenders are seeing delinquencies creep up again after a brief respite in the spring. Investors need to be on guard for more negative surprises... ''

[image article excerpt]

Yeah, totally unexpected that people putting more of their necessities on credit cards out of obvious desperation would lead to more delinquencies ...

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iehi-feed-63013 Thu, 21 Sep 2017 17:17:20 GMT China's Dangerous House Price Boom Is Spreading http://implode-explode.com/viewnews/2017-09-21_ChinasDangerousHousePriceBoomIsSpreading.html In general, it's debt that's the warning sign. As developers and households become more leveraged, the risk is that a price downturn doesn't remain contained within the property market.

"The high leverage will amplify the damage to the economy if a property bust happens," said Bloomberg Intelligence economist Fielding Chen. "The shock wave will be passed onto the entire financial system, and losses will be greater," he said.

Once home prices tumble, about 40 percent of Chinese banks will be hit hard, according to a recent research note from Ping An Securities.

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iehi-feed-63011 Thu, 21 Sep 2017 15:44:58 GMT Federal Reserve Will Continue Cutting Economic Life Support http://implode-explode.com/viewnews/2017-09-21_FederalReserveWillContinueCuttingEconomicLifeSupport.html