Cats Sleep with Dogs, Fortunately Only Temporary

While some ridiculous number of people in this country still think that the economy is in terrible shape (a ridiculous number are ridiculous), economic activity turns out to be so robust that tax receipts are pouring into government coffers. In fact the government actually ran a surplus in December. Dr. Ed Yardeni put it well in his daily alert:

"It is quite amazing, and unusual that the private sector is paying taxes faster than the pork handlers and crooks in DC can spend it."

I thought I felt the Earth spinning off its axis last month, actually. Unfortunately, methinks all will be back to normal quite soon though.