A weak quarter: no "new normal," but no "V-shaped recovery" either.

Thanks to Greece it's at all-time highs in euros -- but why is it surging in dollar terms, too?

The duality continues: growing employment and growing unemployment at the same time.

A painful lurch toward European federalism, but it's not clear it will restore confidence.

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.