More True Confessions of Brad Setser

Brad Setser on his macroeconomic hypochondria:

What’s new.  I always worry.  I just now worry about a (somewhat) new and evolving set of things.

Like the song says, don’t worry, be happy!

Speaking of happy, Mark Mahorney is wishing everyone a Happy New Year.  Well, almost everyone:

everyone except the name caller, the perma-bears, commie-lovers…Everyone except all of those people.