by David Haggith, The Great Recession Blog:

Surveying just the news that started this year in The Daily Doom, things look bad for the US economy. Worse still, if you dig beneath the few rosy headlines that did greet the year in lighter tones, the bottom falls out quickly, as it does when stepping out of a high-rise window.

This weekend, for example, I’m going to be working on a deep dive in one of my special posts for patrons into the confusing swirl of conflicting employment news that sent stocks soaring skyward today. It was really far shakier than the market wants to believe it heard. (Later this month, I’ll be giving my predictions for the upcoming year in another Patron Post.)