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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 2132: Is Civilizationism Really A Way Forward For Russia?

George Szamuely and Peter Lavelle sat down for a conversation with University of Ottawa Prof. Paul Robinson about the doctrine of civilizationism and whether it offers an intellectual way forward for Russia in its increasingly intense conflict with the West.

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The Gaggle Music Club: Violin Concerto No. 2 By Béla Bartók

It is time for another contribution to The Gaggle Music Club. It is Béla Bartók’s Violin Concerto No. 2. Composed between 1937 and 1938, the work emerged from Bartók’s relationship with the Hungarian violinist Zoltán Székely, one of his closest musical collaborators and friends. Székely had long wanted Bartók to write a violin concerto for him. Bartók had already written one violin concerto decades earlier, around 1907–08, but that work had remained unpublished and was largely unknown.

The Second Violin Concerto can sound intimidating at first because it belongs to the late-modern world of the 1930s. Emotionally, however, it is surprisingly direct. To be sure, it is not a work of lush melodies and sentimental warmth in the manner of Tchaikovsky or Mendelssohn. Instead, the work is tense, searching, restless and extraordinarily alive.

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Live Chat
Monday Night At The Movies: "The Four Feathers" (1939)

Join Gagglers for "The Four Feathers"!
The screening starts at 3 p.m. ET sharp.
Share all of your thoughts, comments and criticisms on the Live Chat.

See you at 3 p.m. ET

01:54:44
Monday Night At The Movies

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

The theme is films from the Communist era in Eastern Europe.

Please continue to vote in this poll after June 8, so that we can determine the runner-up. The runner-up will be screened on June 15.

Vanya Mileva
@vanusha_rm
Now Putin and the satanic EU are partners and Putin would be happy if his EU partners pressure the nazis to compromise. @danucky
@nikola_mikovic
Citat
CGTN Europe
@CGTNEurope
·
25 m
PUTIN: EU COULD PLAY POSITIVE ROLE IN PERSUADING UKRAINE TO COMPROMISE

Никола Миковић / Nikola Mikovic
@nikola_mikovic
·
10 m
He's so desperate to end this conflict in a way that allows him to save face. But it's not going to work.

The EU is preparing to impose sanctions on Rosneft and Lukoil as part of its 21st sanctions package against Russia, Politico reported citing sources. The new measures will target Russian oil revenues, the shadow fleet and the banking sector, and may also freeze the current oil price cap without a full ban on Russian crude imports. The US had sanctioned both companies last autumn but granted temporary relief amid the war in Iran. https://x.com/polidemitolog/status/2062551951942787509?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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