If I had to describe the fishing on Ontario’s Eagle Lake last week in one word, it would be “workman-like”. The weather wasn’t exactly cooperative, and neither were the larger fish. Still, the crew limited out on walleye as always, northern for the first time (not that we usually spend any time going after them), and we got a few “bonus” fish (perch and whitefish).
Let’s see; what did I miss the last week?
- JoAnne Kloppenburg actually admitted reality and conceeded on the last day of decision. All but 28 of you were wrong in my little poll on the left side of the page (don’t worry; I was wrong as well – I thought she would go for Grand Theft Courts.
- The ‘Rats were successful in upsetting the one-day Mega Recall, with all 6 elections targeting Senate Republicans happening on 7/12 (or at least primaries on that day), and the 3 potential ones targeting Democrats potentially happening on 7/19, but the Republicans are taking a page out of the DPW playbook and recruiting faux Rats in at least 2 districts where Pubbies are up for recall to extend the clock.
A fair bit of explanation is required. The faux party candidate gambit was opened by the DPW last year when they tried to squeeze Rep., Bob Ziegelbauer (I-Manitowoc) out of the Legislature after bumrushing him out of their party. The reason why it would extend the clock is, if more than 1 person runs for the Democrat, Republican or Constitution Party nomination (the 3 parties who are eligible to have a state-run primary through 2014), the 7/12 election would be a primary election instead a general election, with the general happening on 8/9.
- The Supreme Court is holding oral arguments on whether to take jurisdiction of the budget-repair/bargaining-limiting bill today. As WTMJ’s Jeff Wagner (a former assistant US attorney) noted, one could go broke very quickly by predicting what will happen, but since I don’t have a lot of money anyway, I’ll go with them taking the case and staying Dane County circuit
judgeLawgiver-In-Black Maryann Sumi’s various rulings. - The ChiComs were serious about dumping their Treasury securities, or at least their short-term securities. After bankrolling TARP and Porkulus via short-term T-bill purchases, they pulled that part of their holdings to 2004 levels as of March.
I will note that, also as of March 2011, their total Treasury security holdings was still over $1.14 trillion, a significant increase over $895 billion in March 2010. However, that is down from the October high of $1.18 trillion.
- When CBS notes that people are staying unemployed longer than they did during the Great Depression, the economy can’t exactly be termed in recovery. I will, however, look the other way if you say it’s in wreckcovery, though Shoebox would say that it’s still being held hostage.
- If only the Brewers could beat the Reds, they probably woudl be in first. Still, comfortably above .500, leading the wild-card portion of the race, and nipping on the heels of the Cards for the division is pretty cool.
- Speaking of bailouts, according to the CBO, Fannie and Freddie’s bailout is costing twice as much as the White House says, or $317 billion.
- Neptunus Lex takes a look at one v one maneuvering versus multi-ship proficiency. Do follow the further link to look at the restrictions being put on the F-16 Block 52 aircraft the Pakistan Air Force is getting.
I’m sure that the Chicoms moved most of their T-Bill portfolio to TIPS. No way they’d be looking to the medium/long end of the curve considering all of this runaway inflation going on.
No chance.
It is hard to see exactly where they moved the money after inflating then deflating the T-bill market given the limited tools I dug up on very short notice. What we do know is that they continued to increase Treasury holdings until October, then backed off a bit.
I wouldn’t be on the long-term end of Treasury securities, either on TIPS or on traditional T-bonds/T-notes. Hell, I wouldn’t be on the short-term end right now because Clubber Lang was right on his prediction of pain.