Debt Default is Just a Terror Tactic, but it Will Blow up Stocks and Likely a Lot More, Regardless

You've heard the warnings many times from every direction. In fact, it is almost all you hear right now: default is a serious threat if the debt-ceiling is not raised: "The White House warned a US debt default will cause stocks to plunge 45% and will crash the US into a deep recession" and "JPMorgan warned that just getting close to the default scenario could create a market panic."