Last week I discussed the S & P downgrade and focused on the loss of “risk free” investing, here.
Others have focused on the issue too. Here are some good examples.
When Risk-Free Became Risk-Certain from Safe Haven
Whatever Happened to ‘Risk Free’? from the New York Times
The Debt-Ceiling Debate: The Death of the "Risk-Free" Investment from Money Morning
Good Luck out there.