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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: "Ice Cold in Alex" (1958)

Join Gagglers for "Ice Cold in Alex"!
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

02:09:53
TG 2166: Europe Wants War, Yet Demands Seat At Ukraine "Peace Talks"

George Szamuely and Peter Lavelle discuss European leaders' strange preoccupation with being included in a Ukraine peace process when their deepest desire is to continue, and indeed escalate, the war in Ukraine.

01:15:59
TG 2165: Ian Proud: Where Did All The Diplomats Go?

George Szamuely and Peter Lavelle sat down for a conversation with long-serving former UK diplomat Ian Proud to discuss: Whatever happened to the craft of diplomacy, a skill Europeans, including the British, once possessed in abundance?

To order Ian Proud's novel: https://www.waterstones.com/book/searching/ian-t-proud/9781739543136

00:50:25
35 minutes ago

BREAKING: Mike Caruso - the same guy who co-authored Florida’s anti-free speech “antisemitism” bill that DeSantis signed in Israel in 2023 - was just arrested this morning.

Caruso (the one on the right in the photo) faces multiple felony charges involving the sexual abuse of a child, including kidnapping and related offenses.

The details are too heinous to explain here.

DeSantis immediately suspended him from his role as Palm Beach County Clerk of Courts.

Same people pushing speech codes...

Will Caruso try to flee to Israel the same way Israeli cyber official Tom Alexandrovich did after getting arrested in a Las Vegas child sex sting last year and skipping bail?

@GovRonDeSantis
, can you assure that he does not flee the country?
https://x.com/OcrazioCornPop/status/2089751042573697368?s=20

53 minutes ago

NEW: Republicans unexpectedly lose Pennsylvania State House 12th District Special Election, located in Butler County, PA where Trump’s assassination attempt occurred and which Trump won by 19 pts.

I'm from that area. That's an incredibly right wing place. Republicans are screwed if they lost Butler.
https://x.com/joeligato/status/2089931242183823428?s=20 :))))))

After dutifully serving years as propagandist for the Russian government, Seagal's work for Putin will now end where the story always ends.

After selling his $1.3 million Moscow home, the prostitute-loving, washed-up and cash-strapped 1990's TV star will now have all his assets stolen by the Russians.
https://x.com/JayinKyiv/status/2089898455774720176?s=20 :))))) sic transit gloria mundi (irrespective of the propaganda language employed, the moral of the story is that if you step on the toes of the FSB mafia, this is what you get)

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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