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

Posted on 8/24/26 at 1:50 pm to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
60296 posts
Posted on 8/24/26 at 1:50 pm to
quote:

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.


It's also a high-trust, highly homogenous society which has a focus on self-reliance, personal responsibility and family. I would argue a culture like that is going to weather economic issues far better than our overly-indebted one.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/25/26 at 9:21 am to
quote:

SDVTiger




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As I said, national home-price appreciation for 2026 is currently 2.2%, not 3% as you claimed. Considering how weak the summer selling season has been, getting that number to 3% is a long shot with only four months remaining, and historically some of the weakest months for home sales.

That's new homes where builders are offering a ton of incentives. Expect existing home sales to be much more dismal.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/25/26 at 9:26 am to
Melody wright

Ok now we know you are not a serious person



quote:

‘Worse than 2008’: Housing expert Melody Wright says the US real estate market could correct soon. Protect yourself now



This post was edited on 8/25/26 at 9:29 am
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/25/26 at 9:29 am to
You're like a liberal ignoring the message because of the messenger

Is the data wrong?


ETA: FWIW I don't follow her. Popped up on my feed, though.
This post was edited on 8/25/26 at 9:31 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/25/26 at 9:37 am to
quote:

Home Prices Will Be Heading Lower For Years | Melody Wright

The national correction in housing has officially begun

Adam Taggart

Aug 24, 2025



Here was 2024

quote:

"I think, Adam, we're going to correct all the way to a point where household median income matches the median home price. And so that is going to be worse than 2008," she said (1).


And you realize there is like 10 different type of platforms that track appreciation

ICE was the one pushing up apprecation and if it continued at that pace it would hit 3%

So tomatoe tomato that its 2.2 or 3% values went up
That tard Gurley and Wright both say its 2008 doom and gloom

They are doing people a disservice so yeah they need to be called out and anyone who follows them cant be taken serious

Im shocked you are one of them
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/25/26 at 9:42 am to
quote:

Is the data wrong?


Are homes sales dowm from prior years? Yeah everyone knows that

Her retard math for median home prices is like her 2008 crash predictions for the last 6yrs
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/25/26 at 9:46 am to
quote:

Are homes sales dowm from prior years?



Thanks for admitting the data is accurate
Posted by Taxing Authority
Houston
Member since Feb 2010
63987 posts
Posted on 8/25/26 at 9:49 am to
quote:

It's also a high-trust, highly homogenous society which has a focus on self-reliance, personal responsibility and family. I would argue a culture like that is going to weather economic issues far better than our overly-indebted one.
Yeah. The other difference is personal savings rates. While they have monetary issues and government debt issues, the population isn't in debt up to their eyeballs like most americans. The level of dependency on debt and government subsidies is what will do us in.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99798 posts
Posted on 8/25/26 at 9:50 am to
No one said otherwise

Is her median home price math accurate?

Is her worse than 2008 data correct?

Its over bro

quote:

According to data and historical estimates from the Mortgage Bankers Association (MBA), the purchase volume for each year is broken down below: [1]

2019: $1.23 trillion

2020: $1.48 trillion

2021: $1.86 trillion (All-time historic peak)

2022: $1.58 trillion

2023: $1.07 trillion (Cyclical low following the Fed's rapid rate hikes)

2024: $1.21 trillion

2025: $1.41 trillion

2026: $1.43 trillion (Most recent MBA annualized baseline forecast) [1]


This post was edited on 8/25/26 at 9:53 am
Posted by stout
Porte du Lafitte
Member since Sep 2006
184684 posts
Posted on 8/25/26 at 9:59 am to
You know I have consistently stated 2008 will never happen again. It was a unique set of circumstances 30+ years in the making. I do think anyone resorting to that is clickbating or dumb.

It's also an easy fallback instead of explaining things properly, which I find annoying

IDC what she or anyone says. I know what my thoughts are and I think we see a reset to 2014-15 levels of foreclosures when its all said and done.

I think sellers have yet come to terms with the fact that the value of their home needs to be adjusted for new rates that are here to stay. We will not see 4% or lower anytime soon.

I also think any price correction right now will only worsen if we see a combination of boomers dying en masse, immigration reform, and deportations.

I also think all of that is actually healthier in the long run for young people and the market. It will shave off some of my net worth, but I am not buying properties for that as much as using the monthly income to subsidize retirement.

It's easy to have a conversation about where the market is now and where one thinks its heading without resorting to 2008. I am never the one to bring 2008 up. It's always other morons who fail to grasp the data presented to them and what it means for the current market.

On this board, rondicks and others are guilty of that. You should stop before you become him.

Posted by SlidellCajun
Slidell la
Member since May 2019
16946 posts
Posted on 8/25/26 at 11:30 am to
Interesting to see Stanley Druckenmiller, bessents mentor, criticizing the moves-

“This amounts to financial repression at the margin. The bond market’s message is straightforward: fiscal or monetary policy should be tighter. Preventing Treasurys from clearing at lower prices does not eliminate pressure. It merely shifts it elsewhere.”

Also interesting that Bessent once criticized prior administrations for doing the same thing.
Posted by Padme
Member since Dec 2020
10126 posts
Posted on 8/25/26 at 11:47 am to
The only ‘spending cuts’ Trump can make is going after fraud.

He can’t get congress to do some of the most common sense, simple things, so getting them to cut spending falls on congress, both parties.
Posted by bigjoe1
Member since Jan 2024
2049 posts
Posted on 8/25/26 at 11:48 am to
Here's Druckenmiller's
quote:

In the essay, titled “Let the Bond Market Speak,” Druckenmiller urged Bessent to abandon the buyback scheme announced Aug. 19 and allow the market the opportunity, free of the government’s hand, to set the proper price for government debt.

“Every basis point of artificial yield suppression is a subsidy to procrastination,” he wrote. “Once markets believe Treasury is defending a price, every rise in yields becomes a test of official resolve, and the operations must grow to survive the tests.”

“Governments defending prices against fundamentals always lose. The only variable is how much they spend before conceding,” he added.

The Treasury Department didn’t immediately respond to a CNBC request for comment on Druckenmiller’s column.
comment
Posted by bigjoe1
Member since Jan 2024
2049 posts
Posted on 8/25/26 at 11:48 am to
Here's Druckenmiller's
quote:

In the essay, titled “Let the Bond Market Speak,” Druckenmiller urged Bessent to abandon the buyback scheme announced Aug. 19 and allow the market the opportunity, free of the government’s hand, to set the proper price for government debt.

“Every basis point of artificial yield suppression is a subsidy to procrastination,” he wrote. “Once markets believe Treasury is defending a price, every rise in yields becomes a test of official resolve, and the operations must grow to survive the tests.”

“Governments defending prices against fundamentals always lose. The only variable is how much they spend before conceding,” he added.

The Treasury Department didn’t immediately respond to a CNBC request for comment on Druckenmiller’s column.
comment
Posted by ronricks
Member since Mar 2021
13340 posts
Posted on 8/25/26 at 11:52 am to
quote:

Thanks for admitting the data is accurate

You are arguing with a failed Realtor/broker who just makes up numbers and runs away when confronted with the actual facts. He posted the other day that gasoline was $9 a gallon under Biden and has also posted in the past that mortgage interest rates were 9% under Biden

He will say anything to deflect from the current Trump admin failures facts be damned.
Posted by frogtown
Member since Aug 2017
6014 posts
Posted on 8/25/26 at 12:00 pm to
quote:


The only ‘spending cuts’ Trump can make is going after fraud


BS. Let the bond market speak. Don't intervene with gimmicks and we will get into a situation where politicians will realize cuts have to be made.

Bessent/Trump are working against this.
Posted by Padme
Member since Dec 2020
10126 posts
Posted on 8/25/26 at 12:03 pm to
I don’t disagree, they are trying not to let the shat hit the fan on their watch. But letting it blow up(as Obama intended) isn’t gonna somehow fix politicians. Tar and feathers might, but pain for the little people isn’t gonna make things right somehow.
Posted by OccamsStubble
Member since Aug 2019
10605 posts
Posted on 8/25/26 at 12:07 pm to
quote:

The only ‘spending cuts’ Trump can make is going after fraud. He can’t get congress to do some of the most common sense, simple things, so getting them to cut spending falls on congress, both parties.


If he really cared, he would clearly make the case to the American people, and offer solutions. He doesn’t even try.
Posted by ronricks
Member since Mar 2021
13340 posts
Posted on 8/25/26 at 12:14 pm to
quote:

On this board, rondicks and others are guilty of that.

I've never brought up 2008 with you

You got bent out of shape when I told you that in a lot of places inventory is still low and I even gave you a real world example not my problem if you didn't like the actual data.
Posted by ronricks
Member since Mar 2021
13340 posts
Posted on 8/25/26 at 12:15 pm to
quote:

If he really cared

He would tell his people to go back to pre Covid spending levels.

/thread
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