Although a temporary default by the U.S. Treasury could be disastrous for the credit markets,...

|By:, SA News Editor

Although a temporary default by the U.S. Treasury could be disastrous for the credit markets, the implications are far worse for the dollar, according to Bill Gross. "The dollar's the world's reserve currency. If it's defaulted on for any period of time, what type of signal does that send to the rest of the world?"