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US default: Doomsday for investors

By: Yossel in BRKB | Recommend this post (0)
Thu, 14 Jul 11 12:26 PM | 27 view(s)
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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




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