Meanwhile, on the other side of the world, China is doing everything in the textbook to ignite a "bubble."

Welp. Here's a good Bloomberg TV interview with Yanis Varoufakis from last week in which he characterized a "no" vote in yesterday's referendum not as a vote against the euro, or even really against austerity, but against can-kicking.

Greece faces one of the most difficult decisions in its modern history today as it heads to the ballot box to vote in a referendum few voters truly understand. Regardless of which way the vote goes, the country will be voting on an assuredly painful future.

Punches might be thrown. But there will not be a revolution, coup, or civil war.