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re: Bessent is considering throwing nearly $1 trillion into bond market intervention

Posted on 8/24/26 at 11:57 am to
Posted by Big Scrub TX
Member since Dec 2013
40185 posts
Posted on 8/24/26 at 11:57 am to
quote:

torch your 401K
Not sure what this means. Stocks are at an all time high - and at arguably too high of a valuation. If stocks backed off of this crazy run, that would be "torching"?
Posted by Fat Bastard
alter hunter
Member since Mar 2009
92408 posts
Posted on 8/24/26 at 11:57 am to
quote:

dude has one of the lowest iqs ever. A DEI hire


Posted by Big Scrub TX
Member since Dec 2013
40185 posts
Posted on 8/24/26 at 11:58 am to
quote:

How’s it’s not failed at 40 trillion in debt?
Japan's situation is MUCH worse - and has been for decades. And yet, if you go there, you will find a beautiful country filled with many delights.
Posted by onmymedicalgrind
Nunya
Member since Dec 2012
12479 posts
Posted on 8/24/26 at 11:59 am to
Yep. When this board thinks intelligent and nuanced, SDV is definitely the first poster that comes to mind
Posted by Big Scrub TX
Member since Dec 2013
40185 posts
Posted on 8/24/26 at 11:59 am to
quote:


Imagine this administration torching people’s 401ks
You are trying to have it both ways. For years (mostly under Obama) this board bitched about "funny money" and the "sugar high" of stocks going up because of all this type of stuff. And they have. Crazily. And now that there's a chance of doing something that might make stocks be slightly less high (remember, we're supposed to be mad about the sugar high), it's "torching"?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/24/26 at 12:00 pm to
When DEI gets brought up you are one of the first posters this board thinks of
Posted by onmymedicalgrind
Nunya
Member since Dec 2012
12479 posts
Posted on 8/24/26 at 12:04 pm to
Not sure why you waste your time replying to me. Don’t you have a quota of admin defending posts you need to hit to get paid? That trailer house not going to pay for itself my guy.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/24/26 at 12:07 pm to
You seem very upset. Its obvious that was a direct hit
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/24/26 at 12:30 pm to
quote:

You tell everyone to buy assests then say housing will have a correction



Assets do not have to be real estate.

I buy it because I am in a position to buy distressed houses and repair them and have instant equity. Not everyone is in that position so they should buy what they feel comfortable with.

I buy RE knowing full well we are in the early stages of a correction but I also know my local market very well and know that with all of the new LNG industry going on in SWLA and construction of a new bridge that will take years to build, there are a ton of out-of-state workers here who are renters with per diem to spend.

quote:

which is just you masking what you want to claim which is a major crash like 08 like Nick has said for the last decade


You're unreasonable


Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/24/26 at 12:32 pm to
quote:

Stocks are at an all time high - and at arguably too high of a valuation. If stocks backed off of this crazy run, that would be "torching"?


Just because you, who has an above average understand of markets, sees it as such does not mean the common Joe Blow at his job sees it as such. Especially one close to retirement. They would absolutely see it as torching and blame Trump.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/24/26 at 12:43 pm to
quote:

You're unreasonable


Not unreasonable im speaking facts

He has been calling out 2008 implosion since 2020
His data is the same you can get anywhere online
He sells fear to get people to pay him monthly for his app

You are again calling for a correction

What is the correction you are predicting and what data are you using to come to that conculsion
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/24/26 at 12:51 pm to
quote:

and what data are you using to come to that conculsion



This is why I think you’re being unserious about it. Nobody looking at what’s going on in real estate right now can honestly say the market is not in a correction.

Homes are sitting longer, sales are slow, sellers are cutting prices and making concessions, and prices are already coming down in plenty of markets.

To top that off, foreclosures and 90-day lates are nearly back to 2018 levels. Not just pre-pandemic levels. FHA loans in distress have seen an increase of 122 basis points YoY. FHA is the new subprime. People just haven't realized it yet.

And I think your definition of a “correction” is way too narrow. A correction doesn’t mean prices have to crash 30% nationwide.

Obviously, real estate is local, so it’s not happening the same way everywhere. But saying we’re not in a correction at all just because there hasn’t been some massive nationwide crash seems pretty disconnected from reality.

Posted by el Gaucho
He/They
Member since Dec 2010
60201 posts
Posted on 8/24/26 at 12:54 pm to
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.

Most of these millennial kids hands are too full of avocado toast to grab opportunity
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/24/26 at 12:56 pm to
So what is the number for your correction?

5%, 10% or 20%+?

I mean it seems you are not serious. Just reguritating the same talking points. Homes were sitting longer in 2023,24,25 and now 26 yet appreciation is on pace for 3%

Foreclosures up means nothing and you know that

Posted by jizzle6609
Houston
Member since Jul 2009
21269 posts
Posted on 8/24/26 at 1:00 pm to
quote:

In the last week, Bessent has intervened in yen markets (worked only for a few days), intervened previously in bond markets (worked for a day), is likely intervening in energy markets, and now doing whatever crazy thing stout just posted. I think those are bad signs.


If he brings back dinosaurs he would be on a roll.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/24/26 at 1:07 pm to
quote:

yet appreciation is on pace for 3%


2026 appreciation so far is actually 2.2%

LINK


quote:

Washington, D.C. – U.S. house prices rose nationwide in May, up 0.3 percent from the previous month, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.2 percent from May 2025 to May 2026. The previously reported 0.1 percent price decline in April remained unchanged.

For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.6 percent in the Pacific division to +1.4 percent in the East South Central division. The 12-month changes ranged from -0.3 percent in the Pacific division to +4.5 percent in the Middle Atlantic division.




You are using national stats to boost your argument but you are proving my point that we are seeing a correction. Many markets are dead already and in a correction.

Also, in keeping with your national market data, you can look at price appreciation by year and clearly see the slow-down.


2018: +5.7%
2019: +5.1%
2020: +10.8%
2021: +17.5%
2022: +8.4%
2023: +6.5%
2024: +4.5%
2025: +1.8%
2026 so far: +2.2% YoY through May 2026

This was a bad summer selling season in many markets, and now with rates creeping back up to nearly 7% I don't see how it reaches 3% this year.



quote:

Foreclosures up means nothing and you know that




Wut?


Foreclosures before Covid trended down YoY since the 2010 peak. If you had said foreclosures being up YoY in 2022 or 2023 means nothing, I would have agreed with you since we were coming out of Covid.

Foreclosures not only being up, but trending backwards to 2018 and potentially 2017 levels means a lot unless you are being purposely obtuse.
This post was edited on 8/24/26 at 1:10 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/24/26 at 1:12 pm to
We will just leave it at you wont answer what the correction will be

When foreclosures were at zero any number will seem like its some crazy sign of a crash (correction)

Yes i understand shiteholes have peaked
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/24/26 at 1:25 pm to
quote:

We will just leave it at you wont answer what the correction will be


A 10% reduction from peak is generally considered a correction.

15 metros have already hit that, and not all of them are shitholes. The top 3 are Austin, Punta Gorda, and Cape Coral.

Others aren't far behind.


quote:

When foreclosures were at zero any number will seem like its some crazy sign of a crash (correction)


Jesus...you are smarter than this

For one, foreclosures were never zero.

Also, YoY is the data that matters. Throw away all Covid data and the rest of what matters is if we are going backwards, which we are. By the 1st quarter of next year, I suspect we will see data on par with 2016 but at the very least 2017. That's concerning no matter how you try to spin it.

quote:

Yes i understand shiteholes have peaked


Dude, keep your head in the sand.



This post was edited on 8/24/26 at 1:26 pm
Posted by TTOWN RONMON
Member since Oct 2023
1714 posts
Posted on 8/24/26 at 1:31 pm to
If not for Trump we would already be broke and n a death spiral, that includes 2016-2020 he brought a dead economy back, they killed it off with COVID 19 to be able to STEAL an election.

It literally shocks how ignorant our citizenry is.

I predicted years ago, these thugs who have run us into a great deficit, will one day try to make the nation tank on purpose to try and blame the people who are spotlighting their THUGERY, they caused this, not Trump, the RINOS and ALL Dems whop not only love spending us into debt but borrowing to do so AND who will not th8s pass bills under regular order, they want it all to run on auto pilot where there can never be any spending cuts. The DC Politicians not Trump, are all THUGS.

They are hoping the economy tanks, I believe they are getting Iran to renege on all their deals, remember Kerry talking to them illegally last time? And the Canada deal, the Dems are telling him backdoor, dont do it, they want to tank they economy, they are all sold out to China.

But, Trump was put in place by God top overcome the thugs, and God is about to TRANSFER WEATH to His people. The thigs are about to go under. Looks like these fools coming against Trump would understand he is blessed, not for himself, but for God's own purposes. Everyone who has come against him has been defeated or lost out in a big way. MTG gone, Massie gone, Pence a FOOTN NOTE, LOL.

The Dem parry in general, a JOKE, think now, the Dems were supposed to be the heir to a forever kingdom so to speak, Latinos, Blacks and the Youth meant they would never lose again. They have lot ALL THREE TIMES to Trump no matter what the fibbers to you, we the people know they stole the 2020 election. And in 2018 with all the Russia lies he still gained Sen. Seats, LOL. They can not beat him, he got a 64 million miracle win in 2016, then 73 Million REAL VITES in 2020 more than any other REAL President, and what 77 million votes in 2024, They tried to prosecute him, and off him 2or 3 times, and they always fail.





The Economy will soon JUMP because God wants to bless this nation and in order to t\do that He has to shine a spotlight on these DEM/RINO Commie thugs or DC Uni Party. .
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/24/26 at 1:33 pm to
quote:

TTOWN RONMON





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