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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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Monday Night At The Movies: "The Night Of The Generals" (1967)

Join Gagglers for "The Night of the Generals"!
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

02:25:23
TG 2086: Hungary Busts Ukraine Money-Laundering Operation

George Szamuely and Peter Lavelle discuss the growing acrimony between Hungary and Ukraine, culminating today in Hungarian authorities' seizure of seven Ukrainian nationals and their apparent busting of a Ukraine money-laundering operation.

00:26:51
TG 2085: U.S.-Israel War On Iran Day 7: Nothing Going According To Plan

George Szamuely and Peter Lavelle discuss Day 7 of the U.S.-Israel War On Iran, and find that very little of the original plan seems to have been realized.

01:28:42
Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, March 9.

The theme is "Coups and Military Dictatorships."

Please continue to vote after March 9, so that we can determine the runner-up. The runner-up will be screened on March 16.

Monday Night At The Movies: "The Night Of The Generals" (1967)

Dear Gagglers:

Monday is, and has always been, a profoundly depressing day. That's why we have decided to add a little bit of fun to it.

On Monday, March 9, we are holding another film screening. Gagglers can watch a movie and, as they do so, offer comments, random thoughts, aesthetic observations and critical insights in the Live Chat.

We will be screening the winner of The Gaggle's "military coups" film poll: Anatole Litvak's "The Night of the Generals," starring Peter O'Toole and Omar Sharif.

The screening starts at 3 p.m. sharp.

https://www.imdb.com/title/tt0062038/?ref_=fn_t_1

March 08, 2026

Black rain” and “nuclear winter” effect reported in Tehran after Israeli strikes on oil facilities

Israeli strikes on oil depots around Tehran have released massive quantities of toxic hydrocarbons, sulfur dioxide, and nitrogen oxides. Mixed with rainwater, these chemicals are causing highly acidic precipitation that can cause skin burns and severe lung damage upon contact, according to Iranian authorities.

Dense plumes of black smoke from the Shahran and other refineries have blotted out the sun, plunging parts of the city into darkness and creating a "nuclear winter" effect, NYT reported. Authorities warned that these noxious fumes cause acute respiratory distress and eye irritation.

Oil-saturated rainwater has blanketed the city, leaving rooftops, balconies, and streets covered in a thick, murky black liquid and oily soot. This contamination poses a long-term risk of heavy metals like nickel and vanadium leaching into the soil and local water systems.

Environmental groups ...

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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