Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-57331 Fri, 31 Jul 2015 20:25:41 GMT Societe Generale's Albert Edwards: Get ready to relive the 2008 crisis http://implode-explode.com/viewnews/2015-07-31_SocieteGeneralesAlbertEdwardsGetreadytorelivethe2008crisis.html In a research note on Thursday, Edwards said that China's intervention to stabilize its volatile stock market was part of a larger global story, in which "rock bottom" interest rates and large fiscal deficits in the western world were pushing the global economy towards a fall.

"QE (quantitative easing) will be stepped up to such a pace that you will hear the roar of the printing presses from Mars," Edwards said. "I have not one scintilla of doubt that the western central banks have set us up for an even bigger version of the 2008 Great Financial Crisis."

... Given his forecast step up in money-printing, Edwards said that gold, which tends to perform well during periods of high inflation, was a "must-have" safe-haven investment.

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iehi-feed-57318 Wed, 29 Jul 2015 22:57:50 GMT US, EU May 'Give Up' Ukraine to Seek Russian Political Support http://implode-explode.com/viewnews/2015-07-29_USEUMayGiveUpUkrainetoSeekRussianPoliticalSupport.html iehi-feed-57316 Mon, 27 Jul 2015 19:02:22 GMT Poland in no rush to join the euro http://implode-explode.com/viewnews/2015-07-27_Polandinnorushtojointheeuro.html iehi-feed-57253 Mon, 20 Jul 2015 15:03:22 GMT U.N. Moves to Lift Sanctions on Iran After Nuclear Deal http://implode-explode.com/viewnews/2015-07-20_UNMovestoLiftSanctionsonIranAfterNuclearDeal.html iehi-feed-57208 Tue, 14 Jul 2015 14:20:33 GMT Congress unlikely to block Iran deal http://implode-explode.com/viewnews/2015-07-14_CongressunlikelytoblockIrandeal.html iehi-feed-57171 Thu, 09 Jul 2015 13:47:55 GMT Greece presents €2bn Russian gas deal http://implode-explode.com/viewnews/2015-07-09_Greecepresents2bnRussiangasdeal.html Greece has mapped out details of a landmark €2bn gas project with Russia, a scheme that could stir tensions with Brussels just as Athens seeks a third bail-out. Panayiotis Lafazanis, the firebrand leftist energy minister, presented the project to Greek energy executives on Thursday in a defiant speech, vowing that Athens would not be pushed around by EU institutions...

Athens and Moscow say their new project, the so-called South European Pipeline, will bring 47 billion cubic metres of Gazprom's gas into Europe by 2018. Mr Lafazanis promised that it would create 20,000 much needed jobs in Greece.

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iehi-feed-57145 Mon, 06 Jul 2015 17:03:49 GMT It Is NOT Priced-In, Stupid! | David Stockman http://implode-explode.com/viewnews/2015-07-06_ItIsNOTPricedInStupidDavidStockman.html What has transpired in a relative heartbeat is that one of the four central banks of the world that matter is suddenly on the ropes. In the hours and days ahead, the ECB will be battered by desperate actions emanating from Athens, as it struggles with a violent meltdown of its banking and payments system; and it will be simultaneously stymied and paralyzed by an outbreak of public confusion, contention and recrimination among the politicians and apparatchiks who run the machinery of the Eurozone and ECB superstate.

...

But this time there is a decent chance that even the concerted central banks of the world will not be able to contain the panic. That's because the blind confidence of the caribou soccer players will be sorely tested by the possibility that the ECB will be exposed as impotent in the face of a cascading crisis in the euro debt markets.

We saw an article this morning that assured the Greek crisis would be "contained." That reminded us of 2007... and sent shivers up our spine...

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iehi-feed-57144 Mon, 06 Jul 2015 16:26:56 GMT Judge Dismisses Charges Against Goldman "HFT Code Thief" Sergey Aleynikov http://implode-explode.com/viewnews/2015-07-06_JudgeDismissesChargesAgainstGoldmanHFTCodeThiefSergeyAleynikov.html iehi-feed-57123 Fri, 03 Jul 2015 22:12:53 GMT Putin Gobsmacks Uncle Sam ... Again - Mike Whitney http://implode-explode.com/viewnews/2015-07-03_PutinGobsmacksUncleSamAgainMikeWhitney.html iehi-feed-57073 Sun, 28 Jun 2015 02:12:33 GMT Russia's Pivot to China Is Real http://implode-explode.com/viewnews/2015-06-27_RussiasPivottoChinaIsReal.html iehi-feed-57068 Sat, 27 Jun 2015 14:09:43 GMT Tsipras Calls Referendum on Greek Debt Deal for July 5 http://implode-explode.com/viewnews/2015-06-27_TsiprasCallsReferendumonGreekDebtDealforJuly5.html Greek Prime Minister Alexis Tsipras called a referendum on the terms offered by creditors for the latest aid package, saying they're seeking to humiliate the Greek people who must provide a democratic response.

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Later on Saturday, European finance ministers were due to discuss details of their latest proposal, which would unlock 15.5 billion euros ($17.3 billion) and extend Greece's program through November, in return for a commitment to pension cuts and higher taxes that Tsipras opposes.

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iehi-feed-57066 Fri, 26 Jun 2015 21:34:22 GMT The Shale Bloodbath Is Yet To Begin http://implode-explode.com/viewnews/2015-06-26_TheShaleBloodbathIsYetToBegin.html iehi-feed-57046 Wed, 24 Jun 2015 17:16:34 GMT Russia Pips Saudi Arabia in Race to Grab China Oil Market Share (LEAPFROGGING BY DOLLAR-DITCHING) http://implode-explode.com/viewnews/2015-06-24_RussiaPipsSaudiArabiainRacetoGrabChinaOilMarketShareLEAPFROGGING.html iehi-feed-57027 Mon, 22 Jun 2015 17:53:42 GMT Wage talks begin in ailing South Af. gold sector; Sides "Far Apart" http://implode-explode.com/viewnews/2015-06-22_WagetalksbegininailingSouthAfgoldsectorSidesFarApart.html iehi-feed-57015 Sat, 20 Jun 2015 14:20:01 GMT The Russian pipeline waltz http://implode-explode.com/viewnews/2015-06-20_TheRussianpipelinewaltz.html iehi-feed-57010 Fri, 19 Jun 2015 14:22:10 GMT Pope Francis's climate-change encyclical to launch a revolution? http://implode-explode.com/viewnews/2015-06-19_PopeFrancissclimatechangeencyclicaltolauncharevolution.html iehi-feed-57004 Thu, 18 Jun 2015 17:35:51 GMT Small U.S. frackers face extinction amid drilling drought http://implode-explode.com/viewnews/2015-06-18_SmallUSfrackersfaceextinctionamiddrillingdrought.html iehi-feed-56949 Sat, 13 Jun 2015 15:16:22 GMT Falklands Islands: Britain and Argentina set to clash over new discovery of oil http://implode-explode.com/viewnews/2015-06-13_FalklandsIslandsBritainandArgentinasettoclashovernewdiscoveryofo.html iehi-feed-56783 Sat, 23 May 2015 15:01:23 GMT Millions of Barrels of Oil Are About to Vanish http://implode-explode.com/viewnews/2015-05-23_MillionsofBarrelsofOilAreAbouttoVanish.html iehi-feed-56759 Thu, 21 May 2015 14:06:34 GMT ‘Shale-ionaires' Suffering from Wave of Bankrupt Oil Drillers - Bloomberg Business http://implode-explode.com/viewnews/2015-05-21_ShaleionairesSufferingfromWaveofBankruptOilDrillersBloombergBusi.html