There's no chance Germany lets Cyprus default, says Cullen Roche in a wonderful twitter rant. A default means a quick economic bust, but also a return to a now "super-competitive" currency, at which point the Greeks gaze across the water and realize what a great idea this is. This will be followed by the Portuguese, the Spaniards, and the Italians. There goes the German trade surplus. Something to think about before reflexively reaching to sell euros every time bad news hits.