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re: US Treasury is doubling down on buybacks to try to supress the yield

Posted on 8/19/26 at 9:15 am to
Posted by stout
Porte du Lafitte
Member since Sep 2006
184528 posts
Posted on 8/19/26 at 9:15 am to
quote:

Sorry. I mean don’t own other people’s debt.


Oh... yeah. Consumer debt is always the first thing people let go.


Private credit is fricked


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Posted by stout
Porte du Lafitte
Member since Sep 2006
184528 posts
Posted on 8/19/26 at 9:16 am to
quote:

What do I do next?



Obtain assets. Be cash poor



Posted by geauxtigers87
Louisiana
Member since Mar 2011
27722 posts
Posted on 8/19/26 at 9:16 am to
We're about to have a meltdown that makes 2008 look like a cake walk aren't we
Posted by stout
Porte du Lafitte
Member since Sep 2006
184528 posts
Posted on 8/19/26 at 9:18 am to
Who knows? We might navigate out of this with minimal damage.

Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
11843 posts
Posted on 8/19/26 at 9:18 am to
Well the Feds saved a lot of people’s asses in 2008. Will they do it again? Probably but the question is will it work again?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99665 posts
Posted on 8/19/26 at 9:19 am to
quote:

If you don’t own hard assets right now


So buy property?

I thought a crash worse than 08 was going to happen
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
11843 posts
Posted on 8/19/26 at 9:19 am to
Yup. Don’t get sucked in by high yields.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184528 posts
Posted on 8/19/26 at 9:19 am to
quote:

Will they do it again? Probably but the question is will it work again?


Middle class gets further eroded in the process
Posted by geauxtigers87
Louisiana
Member since Mar 2011
27722 posts
Posted on 8/19/26 at 9:20 am to
Problem is no one goes to jail so it happens again 20 years later
Posted by Jorts R Us
Member since Aug 2013
18002 posts
Posted on 8/19/26 at 9:20 am to
quote:

And you’ll be right, eventually.


Well, yes. I think part of his point is that this is manipulation and that the cache of tricks won't last forever.
This post was edited on 8/19/26 at 9:21 am
Posted by stout
Porte du Lafitte
Member since Sep 2006
184528 posts
Posted on 8/19/26 at 9:22 am to
quote:

So buy property?



I said last year I was ramping up buying

I am not buying from the market, though. I am buying fixer-uppers only so I have equity from day one.

quote:

I thought a crash worse than 08 was going to happen


I never said that.

That being said, the one thing I hope happnes is this correction kills off every stupid arse "wholesaler" middleman there is. I hate that fricking business model. Just a bunch of leeches. Bye-bye, We Buy Ugly Houses and others.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99665 posts
Posted on 8/19/26 at 9:25 am to
quote:

I said last year I was ramping up buying



Thats good. So all the clowns crying about buying with these rates are going to be left behind


quote:

never said that.


Yes but you follow ppl like Nick Gurley and always post about it. So we know you think thats a very real possibility but you will.benefit so i know why you want it to happen
Posted by stout
Porte du Lafitte
Member since Sep 2006
184528 posts
Posted on 8/19/26 at 9:31 am to
I only follow people like him for data. I consume a ton of data from various sources and form my own opinion.

I stay busy with or without a crash. I have more than a few revenue streams.
This post was edited on 8/19/26 at 10:19 am
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
60235 posts
Posted on 8/19/26 at 9:36 am to
20-year bonds are auctioning today, he's timed this can-kicking to try to gain some small extra distance from that.

We'll see what happens with tails.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99665 posts
Posted on 8/19/26 at 9:52 am to
quote:

I only follow people like him for data


Hes been wrong for almost 6yrs now if not longer with his data

quote:

Speaking of got to get to the courthouse for 10 am sheriff sale.



Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7390 posts
Posted on 8/19/26 at 9:59 am to
quote:

Thing thing you don't realize is that I've been right all along under normal circumstances


We live in extraordinary times, though.
The rules and even the reality no longer apply.

I am convinced the guys running the show subscribe to MMT (Modern Monetary Theory). That is literally the only excuse for these continued actions.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
60235 posts
Posted on 8/19/26 at 10:18 am to
quote:

I am convinced the guys running the show subscribe to MMT (Modern Monetary Theory). That is literally the only excuse for these continued actions.


I had thought that approach would come from Congress, like an AOC or Sanders pushing it as the only way to tackle the debt and a Congress full of members desperate for re-election would glom onto this magical "I can spend as much as I want and it won't hurt anyone" dream. I like to think of the Treasury as being more practical, but desperation could possibly breed that sort of hopium.

I'm not sold on Bessent being like that yet, but we'll see what the future brings.
Posted by CoonassatTEXAS
Austin, TX
Member since Nov 2005
1308 posts
Posted on 8/19/26 at 10:26 am to
israel’s war is going to screw us and trumps legacy, isn’t it?
Posted by JimEverett
Member since May 2020
2598 posts
Posted on 8/19/26 at 10:34 am to
quote:

I'm not sold on Bessent being like that yet, but we'll see what the future brings.

on this issue I strongly suspect this is driven straight from the White House. Trump has just revived his threat to fire Lisa Cook. It is very clear that the White house would rather manipulate and manipulate the market in order to keep interest rates down than to actually address the budget deficit.

Posted by Bard
Definitely NOT an admin
Member since Oct 2008
60235 posts
Posted on 8/19/26 at 10:41 am to
quote:

on this issue I strongly suspect this is driven straight from the White House. Trump has just revived his threat to fire Lisa Cook. It is very clear that the White house would rather manipulate and manipulate the market in order to keep interest rates down than to actually address the budget deficit.


To be fair, I don't think anyone currently elected to federal office -nor even most of those running for federal office- want to address it as there's no win in doing so and speaking the problem out loud might clue in the general public to the true depth of the structural issues holding up our economy and currency.
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