The ESM is up and running. The ECB is ready with OMT. So where's the bailout?

The race is narrowing, but Obama will probably win. The march toward the cliff starts soon.

Worst-case cliff scenarios come off the table, but considerable uncertainties would remain.

With Bernanke reported to be on the way out, the Fed maintains a defensive crouch.

More of the same: not good enough for Obama, not bad enough for Romney.

Peripheral sovereign debt shifts from speculative opportunity to total return play.

Last data before the election. Our model's final call: Obama by 122 Electoral College votes.

Close call worst of all -- if Obama thinks he has a mandate and the GOP thinks he doesn't.

Onward toward the fiscal cliff. The fat tail risk has just gone way, way up.

Draghi shows he can do politics as brilliantly as he can do monetary policy.