U.S. economy is spectator sport in election year

Commentary: Latest European Band-Aid won't heal the wounds

This week brought a lot of new economic information. Raw data is always spun by analysis, sometimes for reasons of advantage in driving clients to buy or sell things, sometimes to further theories, and often for politics.

But this time is exceptional, cubed. Global economies have never been in situations like these, and thus neither have central bankers, economists and analysts.