# bessent (blogs) — RSS Amplifier Recent posts from the 2 feeds in the RSS Amplifier directory that cover bessent. Page: Feed: --- ## [Oh Dear, Condo Prices Fell by 15% to 33% in 33 Bigger Markets, Some Below 2006 Levels, as Historic Condo Bubbles Deflate](https://wolfstreet.com/2026/08/20/oh-dear-condo-prices-fell-by-15-to-33-in-33-bigger-markets-some-below-2006-levels-as-historic-condo-bubbles-deflate/) _2026-08-21 · Wolf Richter · Wolf Street_ In 9 cities, from Oakland to Jacksonville, condo prices fell by over 20%. In 3 markets in California & Florida, they fell by 30%+. ## [To Absorb $1 Trillion of New Treasuries in 3 Months, as the Debt Ballooned to $40 Trillion, Investors Demanded Higher Yields. Bessent Blows Fuse](https://wolfstreet.com/2026/08/19/to-absorb-1-trillion-in-treasuries-in-3-months-as-the-debt-ballooned-to-40-trillion-investors-demanded-higher-yields-bessent-blows-fuse/) _2026-08-20 · Wolf Richter · Wolf Street_ Bessent’s job is to sell these bonds come hell or high water, and at the lowest possible yield. ## [Bessent Doubles Yellen’s Hocus-Pocus Treasury Buybacks, Swapping Old Cheap Debt at a Discount for New Expensive Debt](https://wolfstreet.com/2026/08/19/bessent-doubles-yellens-hocus-pocus-treasury-buybacks-swapping-old-cheap-debt-at-a-discount-for-new-expensive-debt/) _2026-08-19 · Wolf Richter · Wolf Street_ Hocus pocus works with the bond market only briefly. His last hocus-pocus, the big kahuna US-Japan joint intervention, fizzled in days and bond yields marched higher. ## [Oh Dear, Prices of Single-Family Homes Fell by 11% to 26% in 15 Bigger Cities Already](https://wolfstreet.com/2026/08/18/oh-dear-prices-of-single-family-homes-fell-by-11-to-26-in-15-bigger-cities-already/) _2026-08-19 · Wolf Richter · Wolf Street_ In another 5 bigger cities, price fell by 10%. But San Francisco powered off the list after AI mania started running the housing market. ## [Pending Home Sales Drop to 2nd Lowest on Record, Plunge to Record Low in the West, to Near-Record Low in the South](https://wolfstreet.com/2026/08/18/pending-home-sales-drop-to-2nd-lowest-on-record-plunge-to-record-low-in-the-west-to-near-record-low-in-the-south/) _2026-08-18 · Wolf Richter · Wolf Street_ Stuck in the mud at the bottom for a 4th year, after the 2020-2022 home-price explosion. ## [Foreign Central Banks & Governments Dumped Treasuries, Led by China/Hong Kong and Japan to Raise USD for Yen Intervention](https://wolfstreet.com/2026/08/17/foreign-central-banks-governments-dumped-treasuries-led-by-china-hong-kong-japan-which-raised-usd-for-yen-invention/) _2026-08-18 · Wolf Richter · Wolf Street_ But private-sector holdings remained at huge record, with the big seven financial centers leading the charge. ## [Construction Inflation for Nonresidential Buildings Soars amid AI Investment Mania](https://wolfstreet.com/2026/08/17/construction-inflation-for-nonresidential-buildings-soars-amid-ai-investment-mania/) _2026-08-17 · Wolf Richter · Wolf Street_ The massive piles of dollars getting thrown at AI infrastructure have an effect. ## [Prices of Mid-Tier Homes in 33 Big Expensive Cities in America: July 2026 Update](https://wolfstreet.com/2026/08/17/prices-of-mid-tier-homes-in-33-big-expensive-cities-in-america-july-2026-update/) _2026-08-17 · Wolf Richter · Wolf Street_ In 33 charts. A special word about San Francisco where AI mania trickled down from a "mansion shortage" to mid-tier homes. ## [Washington's Mess, France's Problem?](https://nixons.substack.com/p/washingtons-mess-frances-problem) _2026-08-16 · Simon Nixon · Wealth of Nations_ Why the markets aren't buying Bessent's ruse, the real significance of Nigel Farage's Clacton win, and why Greeks are the new Byzantines ## [US Government Sold $742 Billion of Treasury Securities this Week. 30-Year Treasury Auction Yield Highest since 2001, 10-Year Auction Yield Highest since 2007](https://wolfstreet.com/2026/08/15/us-government-sold-742-billion-of-treasury-securities-this-week-30-year-treasury-auction-yield-highest-since-2001-10-year-auction-yield-highest-since-2007/) _2026-08-15 · Wolf Richter · Wolf Street_ Bond Vigilantes dissolved long ago into ambient air. But these auction yields make Bessent nervous. ## [Fast, secure international transfers (Sponsored)](https://crawlproof.com/a/JEOaZv5sOP5W) _2026-08-15 · **Sponsored**_ Bank transfer, cash pickup, mobile wallet — low fees and real-time tracking ## [My Thoughts about those July Retail Sales](https://wolfstreet.com/2026/08/14/my-thoughts-about-those-july-retail-sales-2/) _2026-08-14 · Wolf Richter · Wolf Street_ Consumers spent at retailers & restaurants just fine, but Amazon Prime Day and seasonal adjustments wreaked some havoc. ## [The State of Americans’ Auto Debt](https://wolfstreet.com/2026/08/13/the-state-of-americans-auto-debt/) _2026-08-14 · Wolf Richter · Wolf Street_ Auto loan balances, average amount financed, loan length, credit score, debt-to-income ratio, and delinquencies from subprime to prime. ## [New Ways To Lose](https://nixons.substack.com/p/new-ways-to-lose) _2026-08-09 · Simon Nixon · Wealth of Nations_ Why Trump won't learn from his foreign policy failures; is Bessent's Yen intervention Bretton Woods 2.0; why the US is most exposed to climate risks; and why are pro-Europeans hiding behind the Bin? ## [Europe's Defeat](https://nixons.substack.com/p/europes-defeat) _2026-08-02 · Simon Nixon · Wealth of Nations_ How Europe lost the Battle of Ceuta; the four horsemen of the summer apocalypse; why Europe faces a climate sovereign doom loop; and why the Clacton by-election is not a joke ## [Winners and Losers](https://nixons.substack.com/p/winners-and-losers) _2026-07-26 · Simon Nixon · Wealth of Nations_ Why Trump may not Chicken Out this time; what US bullying costs its allies; why hyperscaler stocks are sinking; why Badenoch's red lines are courting chaos; and the economics of Europe's wildfires ## [Burying Thatcherism](https://nixons.substack.com/p/burying-thatcherism) _2026-07-19 · Simon Nixon · Wealth of Nations_ Is Burnham taking Britain back to the 1970s; when will the economic pain arrive; why is the City demanding state protection; and why is London such an expensive date? ## [This Septic Isle](https://nixons.substack.com/p/this-septic-isle) _2026-07-12 · Simon Nixon · Wealth of Nations_ Who's afraid of Marine Le Pen, how corrupt is Farage's Britain, why investors should keep an eye on Japan, and could cheap batteries bankrupt the grid ## [Kingly Powers](https://nixons.substack.com/p/kingly-powers) _2026-07-05 · Simon Nixon · Wealth of Nations_ How Trump's anniversary gift could sow chaos, why cracks are appearing in the AI Jenga tower, the trouble with Andy Burnham, and has Germany finally stopped moaning? ## [Shapeshifters](https://nixons.substack.com/p/shapeshifters) _2026-06-28 · Simon Nixon · Wealth of Nations_ Andy Burnham's Europe problem, what EU solidarity costs Ireland, Greek lessons for all, why Albanians are revolting, and why Europeans don't have air conditioning ## [Regime Changed](https://nixons.substack.com/p/regime-changed) _2026-06-21 · Simon Nixon · Wealth of Nations_ Thoughts on how Brexit made and unmade Starmer, the price of Trump's Middle East surrender, Iran's not-so-revolutionary new leadership, and why the EU chickened out of a trade war ## [Point a Domain, Start a Pit (Sponsored)](https://crawlproof.com/a/vXGVjh97609m) _2026-06-21 · **Sponsored**_ Point any domain to a blacked-out, poison-green coming-soon page with an email waitlist. ## [Ultimate Fighting Chances](https://nixons.substack.com/p/ultimate-fighting-chances) _2026-06-14 · Simon Nixon · Wealth of Nations_ Europe's defence incapability gap, why Britain's Brexit reset has reached its limits, will Europe get steamrollered by China shock 2.0, who's afraid of Jordan Bardella, and the first AI World Cup