RE: RE: Stupidity Of The Greek Government... The other dimension to the possible Grexit is the capital outflow out of Europe in general to the almighty USD.
It's truly amazing the impact of a strong USD on commodities and markets in general. As mentioned previously, the Fed will not be seating idlely by if this continues. QE3 will certainly be unleashed to maintain the unofficial currency war that's been playing out for the last few years. When it's all said and done, don't be surprised to see the Euro pegged 1:1 to the USD.