Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55129 Wed, 01 Oct 2014 16:04:09 GMT Maria Fernandes died napping in her car between part-time minimum wage jobs http://implode-explode.com/viewnews/2014-10-01_MariaFernandesdiednappinginhercarbetweenparttimeminimumwagejobs.html iehi-feed-55128 Wed, 01 Oct 2014 15:58:41 GMT Greenspan - Why Beijing Is Buying (Gold) http://implode-explode.com/viewnews/2014-10-01_GreenspanWhyBeijingIsBuyingGold.html iehi-feed-55127 Wed, 01 Oct 2014 15:41:28 GMT Mass default looms as world sinks beneath a sea of debt - Geneva Report http://implode-explode.com/viewnews/2014-10-01_MassdefaultloomsasworldsinksbeneathaseaofdebtGenevaReport.html iehi-feed-55126 Wed, 01 Oct 2014 15:37:30 GMT Recovery? 60% Of Greeks Live At Or Below Poverty Levels http://implode-explode.com/viewnews/2014-10-01_Recovery60OfGreeksLiveAtOrBelowPovertyLevels.html iehi-feed-55125 Wed, 01 Oct 2014 15:27:46 GMT Europe's €500bn money funds risk AAA downgrade (as ECB Policy 'breaks the buck') http://implode-explode.com/viewnews/2014-10-01_Europes500bnmoneyfundsriskAAAdowngradeasECBPolicybreaksthebuck.html iehi-feed-55124 Wed, 01 Oct 2014 15:24:32 GMT Morningstar strips Pimco Total Return Fund of its gold rating http://implode-explode.com/viewnews/2014-10-01_MorningstarstripsPimcoTotalReturnFundofitsgoldrating.html iehi-feed-55123 Tue, 30 Sep 2014 23:11:26 GMT China Aims For Official Gold Reserves At 8500t - Chinese Official http://implode-explode.com/viewnews/2014-09-30_ChinaAimsForOfficialGoldReservesAt8500tChineseOfficial.html iehi-feed-55122 Tue, 30 Sep 2014 16:31:45 GMT Case-Shiller: Market Cooled Further in July (READ: RAPIDLY DECELERATING) http://implode-explode.com/viewnews/2014-09-30_CaseShillerMarketCooledFurtherinJulyREADRAPIDLYDECELERATING.html iehi-feed-55121 Tue, 30 Sep 2014 16:24:42 GMT What the Carmen Segarra Tapes Reveal About 'Spineless' Regulators http://implode-explode.com/viewnews/2014-09-30_WhattheCarmenSegarraTapesRevealAboutSpinelessRegulators.html iehi-feed-55120 Tue, 30 Sep 2014 16:22:48 GMT Murdoch's News Corp. to buy parent of Realtor.com for $950 million (GREAT SYNERGY FOR REAL ESTATE PROPAGANDA!) http://implode-explode.com/viewnews/2014-09-30_MurdochsNewsCorptobuyparentofRealtorcomfor950millionGREATSYNERGY.html iehi-feed-55118 Tue, 30 Sep 2014 12:50:54 GMT US senators demand probe into leaked Goldman Sachs tapes http://implode-explode.com/viewnews/2014-09-30_USsenatorsdemandprobeintoleakedGoldmanSachstapes.html iehi-feed-55117 Tue, 30 Sep 2014 12:47:38 GMT Lloyds fires eight over rate manipulation claims http://implode-explode.com/viewnews/2014-09-30_Lloydsfireseightoverratemanipulationclaims.html iehi-feed-55115 Tue, 30 Sep 2014 12:40:58 GMT Fed ‘repo' tests drive scramble for safety http://implode-explode.com/viewnews/2014-09-30_Fedrepotestsdrivescrambleforsafety.html Investors are scrambling for safe assets ahead of the end of the financial quarter, with the scrum for securities exacerbated by the Federal Reserve's testing of a key financing tool for an eventual tightening of policy.

Yields on short-term Treasury bills, viewed as ultra-safe securities, have dipped below zero as the assets attracted heavy buying in the run-up to the end of the third quarter.

Negative yields on the securities mean that money market funds and other big investors are effectively willing to pay the US government for holding their cash over the end of the financial period.

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iehi-feed-55114 Mon, 29 Sep 2014 21:09:21 GMT Pending Sales of U.S. Existing Homes Fell 1% in August http://implode-explode.com/viewnews/2014-09-29_PendingSalesofUSExistingHomesFell1inAugust.html iehi-feed-55113 Mon, 29 Sep 2014 21:06:53 GMT Flagstar fined $37.5 mil for mortgage-processing failures http://implode-explode.com/viewnews/2014-09-29_Flagstarfined375milformortgageprocessingfailures.html iehi-feed-55112 Mon, 29 Sep 2014 21:03:08 GMT Argentina found to be in contempt of court by US judge http://implode-explode.com/viewnews/2014-09-29_ArgentinafoundtobeincontemptofcourtbyUSjudge.html iehi-feed-55110 Mon, 29 Sep 2014 20:44:12 GMT The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh | David Stockman http://implode-explode.com/viewnews/2014-09-29_TheGoldmanTapesAndWhyTheDelusionOfMacroPrudentialRegulationMeans.html It should be evident by now that regulatory capture and the inherent capacity of the marketplace to evade bureaucratic rules, edicts and embedded supervisors mean that "macro-pru" is a crock--an excuse to prolong a dangerous monetary experiment that is inexorably fueling a giant financial bubble and the crash which must inevitably follow.

...

In short, even assuming that the obsequious culture of accommodation at the New York Fed so evident in the Goldman tapes could be uprooted, macro-pru is inherently impotent because of information asymmetry... Without honest market prices in the trading pits and at loan desks and underwriting syndicates, financial booms and busts are inevitable, and the state's regulators and supervisors are hopelessly at sea because they cannot hope to gather and process enough information to stymie the army of speculators chasing false prices with cheap credit.

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iehi-feed-55109 Mon, 29 Sep 2014 18:32:22 GMT BofA to Pay $7.7 Million SEC Fine for Overstating Capital in Merrill Acq. http://implode-explode.com/viewnews/2014-09-29_BofAtoPay77MillionSECFineforOverstatingCapitalinMerrillAcq.html iehi-feed-55108 Mon, 29 Sep 2014 18:31:35 GMT Bill Gross exit could cost Pimco $400 billion http://implode-explode.com/viewnews/2014-09-29_BillGrossexitcouldcostPimco400billion.html iehi-feed-55106 Mon, 29 Sep 2014 15:28:46 GMT Survey: ATM, checking account overdraft fees surge http://implode-explode.com/viewnews/2014-09-29_SurveyATMcheckingaccountoverdraftfeessurge.html