7/13/2011 3:32 PM ET
Robert Powell,
MarketWatch
US default: Doomsday for investors
If lawmakers fail to raise the federal debt limit, no asset class will be safe, and panic will sweep the financial markets. Interest rates will spike and the economy will fall back into a recession.
link-
http://money.msn.com/mutual-fund/us-default-doomsday-for-investors-marketwatch.aspx