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re: Bessent is considering throwing nearly $1 trillion into bond market intervention
Posted on 8/24/26 at 8:54 am to SlowFlowPro
Posted on 8/24/26 at 8:54 am to SlowFlowPro
We are almost 20 years from the last financial crisis. Seems like historically we are due soon.
3
Posted on 8/24/26 at 8:55 am to frogtown
It sank in a while ago, what is your point? It’s the only thing he can do unless you are aware of politicians who will support 1 trillion in cuts
Posted on 8/24/26 at 8:57 am to DeBoar
quote:
but if it is real people are now mad they’re trying something to lower the debt?
Man you are fricking retarded.
Posted on 8/24/26 at 8:59 am to Rip Torner
quote:
It sank in a while ago, what is your point? It’s the only thing he can do unless you are aware of politicians who will support 1 trillion in cuts
You don't need $1 trillion in cuts.
You do need to get the deficit moving in the right direction.
Trump's 2026 deficit will be at/around $2.1 trillion at the end of this fiscal year. He is going in the wrong direction.
Posted on 8/24/26 at 9:02 am to NIH
The Fed created the housing bubble in 08’ but Congress created this one by continuing to not take fiscal responsibility. The problem this time is Congress will actually have to slash the budget which is a problem for all Democrats and most Republicans so we are really screwed barring a financial collapse. We would still be screwed in that scenario but at that point Congress would have to act
Posted on 8/24/26 at 9:02 am to Rip Torner
quote:
The problem with so much debt is there are few options to counter growing inflation and the options we do have aren’t good ones
This was ALWAYS going to be the problem. But our society is filled w/ economic illiterates who elected politicians that promise them the moon.
The clear way forward would be to massively cut spending. I mean huge cuts. But again, our society is too fricking stupid to realize this is what needs to be done.
Posted on 8/24/26 at 9:02 am to NIH
quote:
Seems like historically we are due soon.
Just pure hypothetical, but Boomers are sitting on an estimated $90 trillion in wealth, or roughly 51% of all U.S. household wealth. It would be wild if we kick the can down the road long enough for a huge chunk of that to transfer to Gen X and Millennials, and that wealth transfer somehow helps us avoid a broader crisis.
Also, between estate taxes, taxes on inherited retirement accounts, real estate-related taxes, and capital gains after inheritance, the government could eventually collect several trillion dollars from that transfer.
Posted on 8/24/26 at 9:05 am to Rip Torner
quote:
but Congress created this one by continuing to not take fiscal responsibility
Bingo! We can blame every president but the end of the day it’s Congress responsibility and like 30%+ of them have been in office longer than 30 years. They are the true villains who never get blamed or lose their job.
Posted on 8/24/26 at 9:09 am to stout
I bet Will Farrell could do a comical impression of him; Chevy Chase back in his younger days.
Posted on 8/24/26 at 9:11 am to theunknownknight
I'm so sick of hearing the next generation is screwed. Just like social security is not going to be there when you get to retirement.
If you're a young persons on America and you're sitting on your arse waiting for someone to make a fortune for you then you're the problem.
I know plenty of 20-30 year old's making incredible futures for themselves by working their asses off, just like the older generations did that you all bemoan all the time. They're not doing it like the generation before them but they are making money and creating futures in new inventive ways.
I think the main problem is, as a society have created generation(s) of lazy people with no motivation or vision to go take the world by the balls.
I see a lot of complaining and very little IF any "doing" out of the majority of them. And while they're bemoaning the boomers or whatever, many of their peers are leaving them behind.
Lesson #1. Opportunity doesn't knock. It passes by and if you're not ready or willing to grab ahold of it at any cost you get left on the sidelines.
If you're a young persons on America and you're sitting on your arse waiting for someone to make a fortune for you then you're the problem.
I know plenty of 20-30 year old's making incredible futures for themselves by working their asses off, just like the older generations did that you all bemoan all the time. They're not doing it like the generation before them but they are making money and creating futures in new inventive ways.
I think the main problem is, as a society have created generation(s) of lazy people with no motivation or vision to go take the world by the balls.
I see a lot of complaining and very little IF any "doing" out of the majority of them. And while they're bemoaning the boomers or whatever, many of their peers are leaving them behind.
Lesson #1. Opportunity doesn't knock. It passes by and if you're not ready or willing to grab ahold of it at any cost you get left on the sidelines.
Posted on 8/24/26 at 9:11 am to Padme
quote:
Still cleaning up Biden shat
Such complete and total bullschitt. Really just continuing the Biden shat, other than immigration.
Nothing is being cut, the White House isn’t asking Congress to cut anything.
Posted on 8/24/26 at 9:12 am to Snipe
quote:
Lesson #1. Opportunity doesn't knock. It passes by and if you're not ready or willing to grab ahold of it at any cost you get left on the sidelines.
Motivation ^
This post was edited on 8/24/26 at 9:12 am
Posted on 8/24/26 at 9:12 am to stout
I am certainly no expert, but can’t the market see that? Without digging deep into it, just based on the words in your post, seems like losing all that liquidity would be a negative to the market.
Posted on 8/24/26 at 9:15 am to Snipe
What thread do you think you’re replying to
Posted on 8/24/26 at 9:16 am to junkyarddawg3
quote:
Look up what a K-shaped economy is, and you’ll realize we’re in one, and the gap will keep growing as long as the can kicking continues.
The K-shaped economy talk is just socialists who don't embody what Snipe wrote above ...
We have imported the 3rd world and unsurprisingly, we have become the 3rd world ...
Act accordingly ...
Posted on 8/24/26 at 9:17 am to stout
quote:
Imagine this administration torching people’s 401ks while the real estate market corrects at the same time, all amid an unnecessary war that could easily be viewed as the final catalyst for a massive recession. Despite the groundwork laid by previous administrations, Trump 2.0 would ultimately shoulder the blame.
How is this "torching people's 401Ks"? And no I am not watching your hyped-out youtube link. Use your words.
Posted on 8/24/26 at 9:19 am to AmishSamurai
quote:
The K-shaped economy talk is just socialists who don't embody what Snipe wrote above
Wut?
How can anyone look at the shrinking middle class and think K-shaped is just socialist propaganda? It's real, and knowing it's real, one should plan accordingly and obtain assets which also fits in line with what Snipe said
Posted on 8/24/26 at 9:20 am to stout
quote:
t the TGA fund being used flattened (short-end yields up, long-end down) the curve, but we will see how long that lasts
Therein lies the rub.
These bandaids are why we're $40T in debt and why that number has doubled in the past 10 years. Just making a bigger bubble to pop, as people have been posting about since 2008 (before the money talk board even existed)
Posted on 8/24/26 at 9:23 am to frogtown
quote:
You don't need $1 trillion in cuts.
You do need to get the deficit moving in the right direction.
Trump's 2026 deficit will be at/around $2.1 trillion at the end of this fiscal year. He is going in the wrong direction.
From the "$100T deficit" thread:
quote:
Just to give some context to the thread:
Annual U.S. Deficits (Fiscal Years 2008–2025)
2025: $1.78 trillion
2024: $1.83 trillion
2023: $1.70 trillion
2022: $1.38 trillion
2021: $2.77 trillion
2020: $3.13 trillion (All-time peak due to COVID-19 stimulus)
2019: $984 billion
2018: $779 billion
2017: $665 billion
2016: $587 billion
2015: $438 billion
2014: $483 billion
2013: $680 billion
2012: $1.08 trillion
2011: $1.30 trillion
2010: $1.29 trillion
2011: $1.30 trillion
2009: $1.41 trillion (Financial crisis response)
2008: $455 billion
Trump admins spend in-line with Biden and GFC-era Obama. I doubt we see a noticeable difference.
Posted on 8/24/26 at 9:25 am to NIH
quote:
We are almost 20 years from the last financial crisis. Seems like historically we are due soon.
The sad/scary part is that we've just been can-kicking for that time, making a bigger bubble. Covid really amplified this track.
You would think when the inflation from the Trump-Biden spending hit in 2021, it would have been a lesson....but it wasn't. You still have posters hoping for lower rates, for example. And praising the BBB. Just crazy stuff.
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