Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55952 Mon, 26 Jan 2015 19:49:52 GMT Oil Drillers ‘Going to Die' in 2Q on Crude Price Swoon http://implode-explode.com/viewnews/2015-01-26_OilDrillersGoingtoDiein2QonCrudePriceSwoon.html iehi-feed-55942 Fri, 23 Jan 2015 04:36:51 GMT Venezuela and China close $20 billion deal http://implode-explode.com/viewnews/2015-01-22_VenezuelaandChinaclose20billiondeal.html iehi-feed-55941 Fri, 23 Jan 2015 04:31:04 GMT Jim Rickards interview: Fed Won't Raise Rates Anytime Soon; Gold Resuming Role As Money http://implode-explode.com/viewnews/2015-01-22_JimRickardsinterviewFedWontRaiseRatesAnytimeSoonGoldResumingRole.html iehi-feed-55940 Fri, 23 Jan 2015 00:23:34 GMT Abdullah of Saudi Arabia, a wily king who embraced limited reform, dies http://implode-explode.com/viewnews/2015-01-22_AbdullahofSaudiArabiaawilykingwhoembracedlimitedreformdies.html iehi-feed-55937 Thu, 22 Jan 2015 19:22:01 GMT Poroshenko's Emergency Return to Kiev http://implode-explode.com/viewnews/2015-01-22_PoroshenkosEmergencyReturntoKiev.html iehi-feed-55935 Thu, 22 Jan 2015 19:18:54 GMT Shadow banking now poses top risk to US stability, warns IMF http://implode-explode.com/viewnews/2015-01-22_ShadowbankingnowposestoprisktoUSstabilitywarnsIMF.html iehi-feed-55927 Thu, 22 Jan 2015 04:27:59 GMT Distortions, lies and omissions: The New York Times won't tell you the real story behind Ukraine, Russian economic collaps - Salon http://implode-explode.com/viewnews/2015-01-21_DistortionsliesandomissionsTheNewYorkTimeswonttellyoutherealstor.html iehi-feed-55901 Mon, 19 Jan 2015 23:12:07 GMT 50,000 Wall Street jobs cut http://implode-explode.com/viewnews/2015-01-19_50000WallStreetjobscut.html ``The fourth quarter saw thousands more workers fired. Total reductions for 2014 were about 20,000 at Brian Moynihan's Bank of America; 10,000 at Citigroup led by Michael Corbat; and 10,000 at Jaime Dimon's JP Morgan. Morgan Stanley reports on Tuesday.

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By Mayo's calculations, bank revenues are the weakest in eight decades, a shocking throwback to the Great Depression. And the carnage is ongoing as global growth slows and commodity prices and currency movement roil the markets.

"I think there have been heavy potential and paper losses at this point. Clearly, nobody bet properly on oil -- nobody thought it was going to be below 50 a barrel," said Tim Quast, president of market analytics firm ModernIR.

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iehi-feed-55895 Sun, 18 Jan 2015 14:48:14 GMT China Pledges $35 Billion to Latin America http://implode-explode.com/viewnews/2015-01-18_ChinaPledges35BilliontoLatinAmerica.html With relatively little fanfare, China has taken over the inside lane of economic development in Latin America with an ambitious 10-year regional investment plan on the scale of the Marshall Plan. China's support for a $250 billion fund for largely infrastructure investments in Latin America was announced by President Xi Jinping at a summit meeting in Beijing last week of the Community of Latin American and Caribbean States (CELAC), which represents 33 countries. China has already pledged $35 billion for the fund, which will also require financial inputs from multilateral development banks and contributions from host countries. To coordinate this, CELAC and China will create a forum to design the partnership with the goal of unifying Latin America as a regional economy.

Beijing's aim is to double the level of trade between China and Latin America from the current level of $300 billion reached in 2014 when China become the second-largest market for Latin American exports, mainly commodities like petroleum, soybeans, iron, and copper. This trade is the basis for a mutual dependence that is evolving into cooperation in development investment. China has the capital to invest and wants to secure future supplies of food and energy as its society becomes more urbanized and consumers seek better quality products, such as wines and seafood from Chile and Peru or beef and poultry from Brazil. The possibilities are enormous if Latin America can achieve efficient, cost-competitive production, now hobbled by inadequate infrastructure in transportation and energy. The Chinese have advanced experience in railroad construction and are eager to become involved in new oil and gas fields in Brazil, Argentina, Ecuador, and Venezuela, all of which have received large financial advances from China in exchange for future oil.

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iehi-feed-55891 Sat, 17 Jan 2015 17:13:40 GMT What game is the House of Saud playing? http://implode-explode.com/viewnews/2015-01-17_WhatgameistheHouseofSaudplaying.html iehi-feed-55890 Sat, 17 Jan 2015 17:03:00 GMT Russia Threatens Ukraine With Forced Default Over $3 Billion Loan http://implode-explode.com/viewnews/2015-01-17_RussiaThreatensUkraineWithForcedDefaultOver3BillionLoan.html Russia is threatening to call in its $3 billion loan to Ukraine early in a move that could push the war-torn country into default... The timing couldn't be worse. Ukraine is set to hand over $19 billion over the next three years ($7.5 billion in 2015, $4.7 billion in 2016, and $6.6 billion in 2017) in debt payments that its ailing economy can ill afford.

Indeed its economic crisis has become so deep that at the end of last year the International Monetary Fund (IMF) identified a $15 billion shortfall in government funding that will need to be plugged "within weeks," according to the Financial Times . That figure comes on top of the $17 billion programme that has already been arranged by the IMF.

The initial deal was deemed sufficient to ensure that the immediate funding needs of Ukraine would be met and, once the country had stabilized government debt would be left on a sustainable footing. These forecasts now look wildly optimistic. The government in Kiev has effectively lost control of regions accounting for some 16% of Ukraine GDP to rebels, while the costs of fighting continue to mount.

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iehi-feed-55887 Sat, 17 Jan 2015 15:50:15 GMT Mutiny in the Ranks: EU Split on Maintaining Russian Sanctions http://implode-explode.com/viewnews/2015-01-17_MutinyintheRanksEUSplitonMaintainingRussianSanctions.html iehi-feed-55883 Fri, 16 Jan 2015 20:25:01 GMT Steepest Drop in U.S. Oil Rigs Shows OPEC Prevailing http://implode-explode.com/viewnews/2015-01-16_SteepestDropinUSOilRigsShowsOPECPrevailing.html iehi-feed-55877 Fri, 16 Jan 2015 18:23:12 GMT Von Greyertz, Who Predicted SNB Capitulation Last Dec., Says Massive ECB QE Programme, Gold Breakout Coming http://implode-explode.com/viewnews/2015-01-16_VonGreyertzWhoPredictedSNBCapitulationLastDecSaysMassiveECBQEPro.html iehi-feed-55869 Thu, 15 Jan 2015 14:58:57 GMT Russia to Shift Ukraine Gas Transit to Turkey as EU Cries Foul http://implode-explode.com/viewnews/2015-01-15_RussiatoShiftUkraineGasTransittoTurkeyasEUCriesFoul.html iehi-feed-55865 Wed, 14 Jan 2015 18:59:39 GMT Did Russia Just Pull Itself Out Of The Petrodollar? http://implode-explode.com/viewnews/2015-01-14_DidRussiaJustPullItselfOutOfThePetrodollar.html iehi-feed-55856 Tue, 13 Jan 2015 14:01:54 GMT The US Hasn't "Decoupled" And There Ain't No Giant "Oil Tax Cut" | David Stockman http://implode-explode.com/viewnews/2015-01-13_TheUSHasntDecoupledAndThereAintNoGiantOilTaxCutDavidStockman.html iehi-feed-55854 Tue, 13 Jan 2015 13:47:20 GMT Enjoy The Ride On The Inflation/Deflation Rollercoaster http://implode-explode.com/viewnews/2015-01-13_EnjoyTheRideOnTheInflationDeflationRollercoaster.html iehi-feed-55851 Mon, 12 Jan 2015 19:43:03 GMT Gold climbs to 4-week high as oil rout continues http://implode-explode.com/viewnews/2015-01-12_Goldclimbsto4weekhighasoilroutcontinues.html iehi-feed-55840 Sat, 10 Jan 2015 15:38:33 GMT Russia says Ukraine has violated loan terms: agencies http://implode-explode.com/viewnews/2015-01-10_RussiasaysUkrainehasviolatedloantermsagencies.html