It takes time for bad data to be recognized as such by users, and then isolated to see where it's coming from. Good news on January 3 will mean only that the information-degradation effects have not had time to corrupt all systems. The Federal Reserve System is pouring in money - the highest rate on record. It is doing this to get the banks over the Y2K hump. Everyone accepts this.
Investors believe that electronic money can solve problems created by broken code.
But the dislocating effects of monetary inflation are real, whatever the reasons justifying it. And so it goes. But no one in authority says this in public. Most people believe it's nothing. Most of the others have never heard about it.