How U.S. Debt Ceiling Could Affect National and Foreign Stock and Bonds

Here's an article by SeekingAlpha.com on how lowering the U.S. debt ceiling could impact the stock and bond prices in the U.S. and abroad:

"Since the United States has carried a AAA debt rating since 1917, the term unprecedented has been properly applied to the possibility of a downgrade to AA. The uncertainty associated with a debt downgrade/short-term default was captured by the Wall Street Journal on July 25:

In one recent meeting at a major bank, executives were asked to suggest what they would recommend buying the very moment the debt limit wasn’t raised. For each argument made, there was a valid counterargument for why the purchase wouldn’t be wise." Click on the link above to see the surprising facts on what this could mean for the stock market.