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January 06, 2025

This is truly historic:

China’s 30-year government bond yield has dropped below Japan’s 30-year yield for the first time ever.

Over the last 4 years, China’s bond yield has declined by a whopping 215 basis points.

This comes as China’s economy has slowed and experienced 6 straight quarters of deflation, the longest streak since 1999.

At the same time, Japan’s bond yield has risen 160 basis points as inflation has picked up in the country.

In the past, Japan had seen 3 decades of economic stagnation and had suffered 25 years of deflation starting in the 1990s.

China is entering a new economic phase.

https://x.com/KobeissiLetter/status/1875954984753541471

China's economic miracle of the past decades was fueled by cheap labor, massive infrastructure spending, and relentless urbanization. But now, labor is more expensive, infrastructure is overbuilt, and urbanization is hitting a ceiling. https://x.com/Kamil_Maitah/status/1875956093521928602

China faces dueling threats from a deepening property crisis fueling deflation, record youth unemployment, dangerously high local-government debt, aging population, low consumer confidence & slackening demand for exports.

China GFDP growth is now lagging behind the rest of Asia. https://x.com/Josephine082322/status/1875962023374426527

Will happen in US too.
Citat
Alejandro Scórpio
@Scorpio_Alejand
·
4 ian.
1/
"What happens in stays in
US is ExCePtioNaL"

Really ? https://x.com/Scorpio_Alejand/status/1875963843844956348

China Entering New Economic
Phase of Deflation which is
Worse than Inflation https://x.com/FreeSites_com/status/1875957910980952136

The 10-year Treasury yield rate for China is the lowest in the country's history! It's truly terrifying! THEY INJECT CASH LIKE CRAZY! They print more cash than Jerome Powell ! https://x.com/stockdatamarket/status/1875955508919869812

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The Gaggle Music Club: Bruckner’s Symphony No. 5

The latest selection of The Gaggle Music Club is Anton Bruckner’s Symphony No. 5 in B-flat major, which I heard recently in Budapest.

Anton Bruckner began composing the symphony in 1875, during his Vienna years, and worked on it intensively through 1876, revising it further in 1877–78. He had already written his Third and Fourth Symphonies, but neither work had secured him the kind of recognition he was seeking when he relocated to Vienna in 1868.

The Third Symphony, the most Wagnerian of all his works, was received poorly in 1877. Meanwhile, the Fourth Symphony—later known as the “Romantic”—was still in flux and undergoing revisions, reflecting his chronic tendency to second-guess himself. The composer, conceived the Fifth as a symphony that would be more about musical architecture rather than color or harmonic richness. It is, in a sense, Bruckner’s most academic symphony, rooted in strict contrapuntal thinking and a deliberate engagement with older traditions.

Bruckner’s musical ...

01:29:27
Live Chat
Monday Night At The Movies: "Billy Liar" (1963)

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01:38:51
TG 2106: Trump Threatens Yet Again To Devastate Iran...And Schedules More Talks

George Szamuely and Peter Lavelle discuss President Trump's latest threat to commit war crimes in Iran, as well his latest announcement of further negotiations with Iran.

00:44:47

The sheer scale of Radev’s victory makes a Romanian-style scenario unlikely.

Nevertheless, what we witnessed in the lead-up to the Bulgarian election was the latest iteration of a political template that has become a recurring feature of European electoral life. When a candidate inconvenient to Brussels appears likely to win, the apparatus of “disinformation” monitoring and “foreign interference” response is mobilized—not after the election, but before it, in ways that directly shape the information environment in which voters make their choices.

The pattern is consistent enough to constitute a system. In Romania, Georgescu’s surprise first-round lead was met not with political competition but with institutional cancellation, backed by EU-level pressure and a media campaign that treated unverified intelligence assessments as established fact. In Hungary, ahead of last week’s elections, the Western political-media establishment saturated the information space with ...

12 hours ago

Four days before Trump was inaugurated, the UAE bought a huge stake in the crypto company owned by Trump, his family and Steve Witkoff. $130m went to Trump's family. Another $30m to Witkoff.

Now Trump says he's open having the US financially prop up the UAE after the war.
Citat
Aaron Rupar
@atrupar
·
15 h
KERNEN: Is there some type of currency swap possible with UAE to help if they need it? And do you think there'd be backlash?

TRUMP: It is. It's been a good country, a good ally of https://x.com/ggreenwald/status/2046591751050375409?s=20
What the Trump and Witkoff families have done with their crypto scheme is 10,000x worse than Joe and Hunter's "10% for the big guy". Makes Biden Inc. look like a girl scout lemonade stand on a leafy suburban cul de sac https://x.com/JohnCFLoftus1/status/2046598697140531386?s=20

Events In Ukraine - Interview

Decline And Fall

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January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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