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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: "White Mischief" (1987)

Join Gagglers for "White Mischief"!
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

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George Szamuely and Peter Lavelle discuss President Trump's latest threats against Iran, and wonder whether he has any good options remaining.

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George Szamuely and Peter Lavelle discuss the unraveling of the premiership of Keir Starmer, and wonder how long he can survive in office.

00:51:33
Monday Night At The Movies: "White Mischief" (1987)

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, May 18, 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 another runner-up of The Gaggle's "British Empire" poll: "White Mischief," starring Sarah Miles, Joss Ackland and John Hurt.

The screening starts at 3 p.m. sharp.

https://www.imdb.com/title/tt0094317/?ref_=nv_sr_srsg_0_tt_1_nm_0_in_0_q_white%20mischief

20 minutes ago
13 hours ago

ouch :))))

Roland Bartetzko
·
Following
Logistics in Ukraine (2022–present)5h
Did Ukraine make a mistake in not attacking Russia during their Victory Day celebration? Is their only chance to win, is to play by Putin's rules?

It really doesn't matter.

What is important is that it is now up to Ukraine to decide whether the Moscow Victory Day parade takes place or not. This is a tremendously big win.

The Kremlin can't even protect the very heart of their shit country anymore. This must hurt. Nobody plays by Putin's rules.

So, if Ukraine had attacked the parade, it would have caused some major mayhem and, to be honest, I would have liked to see some Russkies panicking.

On the other hand, not everyone in the West is enthusiastic about the “all gloves come off” approach. There is the possibility of civilian victims to consider. Any collateral damage would have provided the Russians with ammunition for their propaganda.

Last but not least, there is the symbolism of this parade. ...

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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