US Default Could Be Disastrous Choice for Economy

This is the most honest story by CNBC I've read in years.  The takeaway message: there is no way to end QE 2.0 in June without seriously disrupting the US Treasury bond market, which would have a cataclysmic effect on global financial markets.  However, if the Fed were to extend QE beyond June, it could intensify inflationary pressures.  See previous blog <click here>.

http://www.cnbc.com/id/42732831