Fitch, S&P and Moody's are boinking the fat girl who insists upon being called "big boned" - delusional

"Even so, there are signs the rating firms are finding it increasingly difficult to overlook the US’s eye-popping debt levels. Fitch, which put the US’s credit rating on negative outlook in July, rang the alarm again this month when it said president Joe Biden’s $1.9 trillion American Rescue Plan will push the country even further away from a stabilized debt burden." It's all about yield - a rating downgrade results in lower bid prices for treasuries which in turn cranks up yields which in turn attracts the attention of yield starved investors. Right now, only the Federal Reserve and other foreign central banks are buying up the slop (with other people's money) to keep prices high and yields low. The US is more or less the girl you wouldn't fuck with your buddy's dick but the lowlifes of the neighborhood will pretty much fuck anything with a hole and a heartbeat so they're happy to oblige. I've watched Treasury yields over the past two decades and presently wonder who in their right mind would buy a 10 year treasury with the yield being so low. Incredible. Central Bankers view the fat girl through "beer goggles" - it doesn't hurt that the smoothies at the Fed can front-run their press releases and buy / sell stocks that they know will be directly affected by their decisions. I doubt that they invest their personal money in Treasuries - no proof, just a hunch. Scum.