Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54792 Sat, 23 Aug 2014 15:03:45 GMT China gold exchange gains traction as yuan reforms stir interest http://implode-explode.com/viewnews/2014-08-23_Chinagoldexchangegainstractionasyuanreformsstirinterest.html iehi-feed-54789 Sat, 23 Aug 2014 14:50:15 GMT France to miss deficit target as economy hits standstill http://implode-explode.com/viewnews/2014-08-23_Francetomissdeficittargetaseconomyhitsstandstill.html iehi-feed-54788 Sat, 23 Aug 2014 14:49:28 GMT Argentina accuses U.S. Judge Griesa of imperialist attitude http://implode-explode.com/viewnews/2014-08-23_ArgentinaaccusesUSJudgeGriesaofimperialistattitude.html iehi-feed-54784 Fri, 22 Aug 2014 20:08:43 GMT Draghi Says ECB Ready to Do More http://implode-explode.com/viewnews/2014-08-22_DraghiSaysECBReadytoDoMore.html iehi-feed-54783 Fri, 22 Aug 2014 20:03:54 GMT Saker: The significance of the Russian decision to move the humanitarian convoy into Novorussia http://implode-explode.com/viewnews/2014-08-22_SakerThesignificanceoftheRussiandecisiontomovethehumanitariancon.html iehi-feed-54782 Fri, 22 Aug 2014 17:53:48 GMT Yellen Facing Hard Call on When Labor Market Has Healed http://implode-explode.com/viewnews/2014-08-22_YellenFacingHardCallonWhenLaborMarketHasHealed.html In her remarks, Yellen repeated the FOMC statement that "underutilization of labor resources still remains significant." Much of her 16-page speech walked through measures of labor-market "slack" that Yellen uses -- such as the number of people employed part-time who prefer full-time work -- and how much of that slack might be related to weak demand as opposed to longer-term trends...

Because measuring slack is an inexact science, the debate on the committee is likely to intensify if labor markets continue to improve... Other gauges Yellen watches continue to show weakness. The labor force participation rate, at 62.9 percent last month, is near the lowest since 1978. Average hourly earnings are 2 percent higher than a year ago, barely outpacing the 1.6 percent annual gain in the Fed's main inflation gauge.

]]>
iehi-feed-54781 Fri, 22 Aug 2014 16:39:17 GMT Alasdair MacLeod Talks De-Dollarization; Eastern Takeover of Gold Trading http://implode-explode.com/viewnews/2014-08-22_AlasdairMacLeodTalksDeDollarizationEasternTakeoverofGoldTrading.html iehi-feed-54780 Fri, 22 Aug 2014 16:31:54 GMT U.S. Mint platinum coins bypassed in rush for gold http://implode-explode.com/viewnews/2014-08-22_USMintplatinumcoinsbypassedinrushforgold.html iehi-feed-54779 Fri, 22 Aug 2014 16:29:30 GMT CFR Shocker: The Ukraine Crisis Is the West's Fault http://implode-explode.com/viewnews/2014-08-22_CFRShockerTheUkraineCrisisIstheWestsFault.html iehi-feed-54777 Fri, 22 Aug 2014 14:50:54 GMT Foreigners Dump Record Amount of US Securities, But Who the Heck Is Still Buying? http://implode-explode.com/viewnews/2014-08-22_ForeignersDumpRecordAmountofUSSecuritiesButWhotheHeckIsStillBuyi.html iehi-feed-54776 Fri, 22 Aug 2014 14:47:44 GMT Nobel guru fears it may be nigh impossible to stop deflation http://implode-explode.com/viewnews/2014-08-22_Nobelgurufearsitmaybenighimpossibletostopdeflation.html Christopher Sims -- a monetary expert, who now thinks money indicators have been rendered "essentially obsolete" by modern finance -- says it may be impossible to reverse deflation in the Western economies by any normal means, in which case we are in trouble.

He argues that the public (including investors) are convinced that there will have to be some sort of payback for all the debts accumulated during the great era of leverage and excess. They have "internalised" the prospect of future tax rises and spending that will make them feel poorer.

...

By the same token businesses are putting off investment and hoarding cash in anticipation of a hit to come. We may be deluding ourselves in thinking that companies will soon be confident enough to let rip with a fresh burst of spending and investment. They may just sit on their money for year after year.

]]>
iehi-feed-54775 Fri, 22 Aug 2014 14:45:21 GMT "Hopium": Philly Fed Surges To Highest Since March 2011 Despite Plunge In Jobs & New Orders http://implode-explode.com/viewnews/2014-08-22_HopiumPhillyFedSurgesToHighestSinceMarch2011DespitePlungeInJobsN.html iehi-feed-54774 Fri, 22 Aug 2014 14:44:17 GMT The Schizophrenic US Housing Market In One Chart http://implode-explode.com/viewnews/2014-08-22_TheSchizophrenicUSHousingMarketInOneChart.html iehi-feed-54773 Fri, 22 Aug 2014 14:43:18 GMT High-frequency trading critic Chilton joins HFT lobby effort http://implode-explode.com/viewnews/2014-08-22_HighfrequencytradingcriticChiltonjoinsHFTlobbyeffort.html iehi-feed-54772 Fri, 22 Aug 2014 00:01:26 GMT Swiss Referendum May End Gold Sales;Force Repatriation And 20% Holding http://implode-explode.com/viewnews/2014-08-21_SwissReferendumMayEndGoldSalesForceRepatriationAnd20Holding.html iehi-feed-54771 Thu, 21 Aug 2014 20:40:49 GMT Don't Hold Breath for Homeowner Help in $16.5bn Bank of America deal http://implode-explode.com/viewnews/2014-08-21_DontHoldBreathforHomeownerHelpin165bnBankofAmericadeal.html iehi-feed-54770 Thu, 21 Aug 2014 18:49:11 GMT Janet Tavakoli on Derivatives: "Complete Irresponsibility in Financial Reform" (VIDEO) http://implode-explode.com/viewnews/2014-08-21_JanetTavakolionDerivativesCompleteIrresponsibilityinFinancialRef.html iehi-feed-54769 Thu, 21 Aug 2014 13:50:40 GMT Gold and silver prices may not really shine until 2015-6 warns Ross Norman http://implode-explode.com/viewnews/2014-08-21_Goldandsilverpricesmaynotreallyshineuntil20156warnsRossNorman.html iehi-feed-54766 Thu, 21 Aug 2014 13:23:24 GMT Why Bank of America deal won't cost it $17B http://implode-explode.com/viewnews/2014-08-21_WhyBankofAmericadealwontcostit17B.html iehi-feed-54765 Thu, 21 Aug 2014 13:20:19 GMT Fed debates merits of earlier rate hike given U.S. jobs gains http://implode-explode.com/viewnews/2014-08-21_FeddebatesmeritsofearlierratehikegivenUSjobsgains.html The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating.

At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting.

...

In a slight shift from the views expressed at the Fed's June policy meeting, the minutes said "most" Fed officials supported re-investing the maturing securities in the central bank's vast portfolio until sometime after its first rate hike. The minutes of the previous meeting said only that "many" supported this approach.

Notice the latter part... so the only substantial change in these minutes is that now the Fed definitely wants to re-invest its QE-acquired portfolio rather than "running it off"... yet this is not being taken as a dovish release.

]]>