Europe is patient-zero, but the breakout in gold is a flight from currencies worldwide.

An "expansionless recovery" in a world of "no exit" from government stimulus.

Euro-panic isn't the end of the world. But the world we face isn't the one we expected.

There can be no classic "V-shaped recovery" when this time is so horribly different for labor.

It's plain to see in the data. The recovery isn't jobless, it's expansion-less.

The future for gold, and what an all-time high gold price is saying about the future.

The Fed is stuck where it is this year and next: so bet on low yields and low quality.

Buy the dip if there's a "strong yuan" panic. This is good for China and the world.

Already dovish, now going on deflation-alert. A tiny first step toward more easing this year.

Today the FOMC will take the first tiny steps down the path to further easing.