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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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January 06, 2025
Monday Night At The Movies: "The Caine Mutiny" (1954)

"The Caine Mutiny" starts at 3 p.m. ET sharp.
Share all of your thoughts, comments and criticisms on the Live Chat.

02:04:05
January 05, 2025
The Gaggle Music Club

This week's selection for The Gaggle Music Club is Béla Bartók’s Concerto for Orchestra. Composed in 1943, during Bartók’s years of exile in the United States, the piece was commissioned by conductor of the Boston Symphony Orchestra, Serge Koussevitzky, to celebrate the 25th anniversary of the orchestra.

Bartók had emigrated to the United States in 1940. He struggled with poor health, including an undiagnosed case of leukemia. He also had to endure considerable financial difficulties as his music had limited appeal in the United States. Thanks to the generous fee Bartók received, he was able to return to composing.

Bartók called it a "concerto" rather than a symphony because the work spotlighted various instruments or groups of instruments within the orchestra, treating them almost as if the players playing them were soloists.

The Concerto for Orchestra consists of five movements, each contributing a unique character and showcasing Bartók’s mastery of orchestral color. The ...

00:38:19
January 05, 2025
TG 1774: The Political Agenda Behind Ukraine's Refusal To Renew Gas Transit Agreement

George Szamuely and Peter Lavelle discuss the consequences for Moldova and, in particular, for Transnistria, as a result of Ukraine's refusal to renew the transit agreement with Gazprom, and conclude that the West is using the likely crisis as an opportunity to open up a second front against Russia in Transnistria.

00:47:34
Zourabichvili Has A Job

Thank God someone found her something to do.
https://x.com/McCainInstitute/status/1876355570904514675

Politico's Exercise In Stupidity

Politico never fails to outdo itself in stupidity. No politician in post-1945 France identified with the collaborationist Vichy regime. It would have been political suicide to do so. Marshal Petain has remained a reviled, unmentionable figure.

Politico ridiculously conflates two separate issues. While Le Pen and other figures on the French Right strongly opposed de Gaulle's granting of independence to Algeria, they would never have questioned his refusal to collaborate with the Nazis.
https://politico.eu/article/jean-marie-le-pen-dead/

post photo preview
13 hours ago

Weird that Trump's apparent expansionist plans to annex Canada, Greenland, and Panama never came up during the 2024 campaign so we could all deliberate how this comports with "America First" https://x.com/mtracey/status/1876488301810712601

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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