The Trouble With Good News.

7 minutes

As a lifetime member of the Wall Street Curmudgeon's Club, I'm beginning to feel just a little bit uncomfortable.

Yes, I know its just the beginning of the new year, and that everyone is still basking in the glow of the holidays. But still there's just a little bit too much good cheer to make me feel right.

Oh sure, we still have too much debt in the system, and I've noted that the Fed has to constantly inject funds into the overnight repo markets just to keep them afloat. And all that seems about right, it lets me get together with my other Curmudgeons and discuss, over a vintage glass of Chardonnay, how the world's falling apart.

But I have to tell you that this next week is trying my patience...

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