After  bombarding you with four audio and three written commentaries on Greece over the past week, I’m thinking there’s not much left to offer.

In last weekend’s commentary I suggested that neither side in the Greek saga had the political will to risk a crash. As of this moment, that

It occurs to me that the two most prevalent event risks today—the ones I highlighted in this weekend’s update—possess substantially negative correlation. Here’s what I mean:

If I were a trader I might be nervous, or maybe excited, or, more likely perhaps, confused right about now. For event risk, or

If you paid attention to European equity, debt and currency markets last week, especially Friday (clearly the markets thought that a short-term Greek deal