The second Greek bailout flounders, and politics puts the new EFSF at risk.

It's another lost quarter -- but far from the feared 2008-style cliff-dive.

The Swiss must expect more euro weakness -- whether or not political solutions are found.

Stocks are bottoming -- it's a bet on Europe holding together, and no US double dip.

The critical bailout tool survives constitutional challenge with only minor damage.

Trichet almost admits his mistake, Obama repeats his, and Bernanke maintains course.

Trichet almost admits his mistake, Obama repeats his, and Bernanke maintains course.

It's hard bargaining as usual, but default will be deferred until the new EFSF is ready to go.

Another minimalist "do something" move, with three dissents -- against "significant" risks.

Recession creeps closer -- but absent a systemic hard-stop, stocks are amazingly cheap.