Spanish fears take the forefront, but it's just part of Europe's painful equilibrium.

Forward EPS at new highs, with no Apple. Stocks are getting to be a value play again.

Whether with Hollande or Sarkozy, France will support European integration and reform.

The FOMC darkens its language, lightens its forecast, and does nothing -- yet.

The consumer is alive and well -- everyone has been focusing on the wrong "new normal."

Spain: ratings down, unemployment up. But this is no crisis, and the ECB won't act.

Mario Draghi gives a supply-side economics lesson to euro area leaders.

A bogus drop in unemployment. Fed doves now have two excuses in a row for easing.

The Greek dog is barking again -- but the euro area caravan will move on.

Still just a correction, but now it has a dangerous theme -- existential risk to the euro.