This final note today, which is a little bit zeitgeisty, but revealing in its own way.

So the jobs numbers have been good lately, right? And there’s a tad more optimism out there, maybe? We’re feeling it — that’s for sure.

The Federal Reserve told us today that consumer borrowing rose in December. Not only that — it rose in November, too. Which is good, ’cause a borrowing consumer is a confident consumer. But it’s bad too, ’cause wages aren’t up much at all.