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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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TG 2149: Trump Goes From Threats And Bluster To "Lotta Love" At Ankara

George Szamuely and Peter Lavelle discuss a familiar trajectory that took place at the NATO summit in Ankara, Turkey: Trump began the week threatening and blustering and ended it by making nice with everyone.

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TG 2148: U.S. Continues To Sabotage MoU With Iran

George Szamuely and Peter Lavelle discuss the breakdown of the ceasefire and the negotiations between Iran and the United States, and Iran's justifiable complaint that the U.S. continues to ignore the provisions of the Memorandum of Understanding.

00:35:36
TG 2147: Is The Iran Ceasefire Over?

George Szamuely discusses the latest exchanges of fire between Iran and the United States, as well as President Trump's assertion in Ankara that as far he's concerned the ceasefire is over, and wonders whether this really is the end of the three-month ceasefire.

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Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, July 13.

The theme is films featuring police ineptitude, police corruption, police tyranny.

Please continue to vote in this poll after July 13, so that we can determine the runner-up. The runner-up will be screened on July 20.

50 minutes ago
11 hours ago

The billions in EU funding will finally arrive. We promised, and we delivered.

Hungary’s EU Recovery and Resilience Plan has just received the unanimous approval of EU finance ministers. This removes the final obstacle to unlocking up to €10 billion in EU funds.

Many did not believe it could be done. Many thought it was impossible. Fidesz tried to obstruct it, while we worked tirelessly for three months and delivered.

The billions in EU funding are finally on their way and will go exactly where they belong: to the Hungarian people, by directly supporting transportation infrastructure, energy security, healthcare, water management, and local businesses.

Long live a European Hungary!
https://x.com/magyarpeterMP/status/2075562484946063515?s=20

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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