Grexit?

If you haven’t heard, the five year Greece crisis is reaching a crescendo and roiling the US and world stock markets.  Why would a potential default on Greece’s debt affect our stock markets?  The short answer is fear.  Fear that Greece leaving the Eurozone will start a cascade of other countries leaving (Spain, Italy, and Portugal) which will lead to the destruction of the Euro as a currency which will lead to a lot of bad things ……

John Mauldin, a famous author and newsletter writer, wrote a piece last weekend that explains what is at stake and the behind the scenes activities and posturing of the Greece crisis.  It is fascinating reading.  Click the link below to read his piece.   

Mauldin Economics - Thoughts from the Fronline