No more euro area bank bail-outs allowed -- but most banks have been bailed out already.

Slow earnings growth, energy and housing tailwinds, and a head-fake consumption spurt.

Structural Operations could fix disinflation, too-slow money growth, and fragmentation.

A proud central bank sacrifices its independence for the sake of reflation and growth.

No optimism, no rate cut, and no new solutions beyond a commitment to act -- somehow.

Risk-relief, a housing recovery and an energy boom aren't overcoming higher taxes.

US stocks still can't compete with Japan or the euro area on value or growth.

Don't laugh: the ECB wants a credit program for Greece to become the euro area template.

QE3 has failed. Gold points to deflation, commodities point to continued anemic growth.

Cyprus may sell its small gold hoard, but it's unique -- other euro area nations can't and won't.