The best December in this business cycle -- but not 1999. The Fed can be "patient" until June.

Cheap oil is the new consensus. Supply and demand responses will surprise on the upside.

With national central banks buying their countries' own debt, the Germans can't screw it up.

Draghi had to end a crisis in 2012 after SYRIZA lost. This time it won, but Draghi acted first.

It's an upgrade. It's unanimous. Despite "international conditions," lift-off is still on for June.

Oil is cheaper, we buy more. But pain in the energy sector leaks into the overall economy.

If oil prices have hit bottom for 2015, cost-reduction takes center stage to set the ceiling.

Median real household income is surging, and workers have stopped dropping out.

Europe can take a hard line, to discipline radical parties imperiling integration and reform.

If Friday's deal blows up and Greece leaves the euro, that could be the least risky outcome.