ROBOTS IN LOWER MANHATTAN & ZOMBIES IN WASHINGTON

That sound you hear out there is spaghetti hitting the wall. Everybody wonders: will it stick?  The European Union lobbed a wad of kartoffelkloesse at a Greek wall last week. The thud was impressive, but then the darn thing started sliding down the greasy wall to where a gang of CDS counterparty wolves waited, snapping and slavering for it. And then there was a crowd of curious Germans in the alley, wondering who stole their precious kartoffelkloesse and lobbed it at the Greek wall, anyway. Grumbles were heard but, as yet, no mob action against the flingers of the purloined kartoffelkloesse.
    
Here in the pitiful tweet-sphere that contains the atomized remnants of USA governance, there is no such clarity. We don’t know if that’s spaghetti hitting a wall or the shit hitting the fan. But due to the amazing obduracy of the parties involved, the next sound you hear may just be the wall itself tumbling down, perhaps even the famous wall with the famous street attached.
    
All I know is that I dumped a largish bundle of 13-week US treasuries on Friday, a tad shy of the August 4 rollover and moved the hypothetical cash into less freaky hypothetical foreign sovereign instruments. I found a great bid for the T-bills, too. The whole transaction cost me a buck. I wondered: what were these people thinking who bought this crap at just the moment in history when everything is flying into walls and fans?
    
Whatever other conclusions can be drawn from the great debt ceiling debate of 2011, the main one seems to be that this country can no longer govern itself. Our reverence for the constitution appears to be inflated along with everything else in the USA these days: gas prices, waistlines, cable TV bills. Even congresspersons themselves seem to hold it in low regard, since proposals for a “super-congress” were floated last week. A lot of sentient folk who follow national affairs actually wondered out loud, “what the fuck is that supposed to mean?”

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