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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: "Investigation Of A Citizen Above Suspicion" (1970)

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01:55:33
TG 2153: Turmoil In Kiev: Zelensky Fires Ukraine Army Chief

George Szamuely discusses President Zelensky's firing of Ukraine's army chief, General Oleksandr Syrskyi, and his replacement by Major General Mykhailo Drapatiy, and outlines what may now lie ahead in the war.

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George Szamuely and Peter Lavelle discuss President Trump's shrinking options for resolving his problems with Iran, and thus the likelihood of his rolling the dice and launching a ground invasion.

01:38:11
Monday Night At The Movies

Please choose which one of the following 8 movies you would like to have screened next Monday, July 27.

To mark the political intrigue in London that led to the ouster of Two-Tier Keir Starmer and his replacement by Andy Burnham, the theme of this film selection is political intrigue, political infighting and political succession.

Please continue to vote in this poll after July 27, so that we can determine the runner-up. The runner-up will be screened on Aug. 3.

Hahaha excellently put

And that’s it? Russian-American talks have ended

The “historic” meeting between Lavrov and Rubio in the Philippines lasted only 35 minutes.

It’s impossible to discuss anything truly serious in that amount of time.

One can assume that Lavrov, as usual, started repeating the same talking points about “denazification” and “demilitarization” of Ukraine — and Rubio simply got tired of hearing it for the hundredth time.
Citat
NEXTA
@nexta_tv
·
2 h
A meeting between Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State Marco Rubio has begun in Manila.

The main topic of the talks is the war in Ukraine. https://x.com/nexta_tv/status/2080157207077994838?s=20

7 minutes ago

Special needs retarded op going greatTM

Initial reports that a Russian Su-57 fifth-generation stealth fighter has crashed this morning near Lutsino in the Moscow Oblast of Central Russia. https://x.com/sentdefender/status/2080253394933936368?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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