The european turmoil is good for U.S. Consumers and bad for business profits

The Greek is in the process of going bankrupt and leaving euro, which will have a huge implication for Europe. It will be difficult to large global companies, such as IBM, JPM, SAP and resources companies to generate profits in Europe. The strong U.S dollar will also make oversea profits smaller in U.S dollar term. On the other hand, the lower prices for oil, base metal, agriculture products will be good for U.S consumers. Over the last few years, the real inflation experienced by consumers is much higher than the official number (2%).