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.

The fiscal cliff negotiations begin -- worlds collide. The market is finally waking up to the risk.

Obama sounds like he wants to go over the cliff. But the Petraeus matter is a new wildcard.

Friday's White House Kumbaya makes a prettier media narrative, but the reality is still ugly.

The heat is off, and reform slows to a crawl. Has Draghi done his job too well?

Greece comes off the threat-board as the can gets a very hard kick down the road.

Markets gave Washington a pass for Thanksgiving. Now, the battle of the cliff begins.

At least we wouldn't fall off the cliff. But don't kid yourself -- we'd still end up in the ditch.