r/CNBC

On the morning of August 20th 2026 the long end of the yield curve is back above 4.7% at 8:30am EST!

The long end of the yield curve is totally out of control. The impact of the decision by Scott Bessent for America to buy back its own bonds lasted less than a day. The long end is hard and looking to jam itself into any small, tight relief hole. Yesterday CNBC hosts Becky Quick and Rick Santelli tried to fit the entire long end segment into their respective tight holes of a show.

The free markets response today is telling us that they aren’t playing game or satisfied with yesterdays holes. Insurance companies are about the only buyers of long end bonds and they‘re looking to get into all of our holes before the year is over. They take cash from you monthly and they’re about to take your assets from you because you burn too much cash monthly.

Scott Bessent made the life of President Donald Trump and Federal Reserve Chairman Kevin Warsh much harder going into September. The midterms are less than a few months away and President Donald Trumps approval rating is at its lowest ever, and historically low given the size of our current population. Kevin Warsh is now bullied into raising rates regardless of what President Trump is demanding he do.

The pain train is full steam and the whistle is roaring! We all need to remember that the country is now a casino and we better say thank you for it.

Today on CNBC The Exchange with Kelly Evan’s Rick Santelli interrupted the scheduled guest to rant against the language being used. Rick said that using words like manipulation, entitlements, socialism, and support to describe today’s announcement of the government buying back its own long ends bonds Is shameful.

This is a major turn of face for someone like Rick Santelli. The Tea Party doesn’t generally believe in big government so today is a new day for it. Rick told Kelly Evan’s that what Treasury Secretary Scott Bessent is doing isn’t what he would do. But when Kelly asked Rick what it is he would do, Rick changed his mind and said he would do exactly what the secretary is doing!

Rick only lasted a few minutes before starting to spiral out. These are dark days for the phony, fake, weak, pathetic, greedy, sad, and deceptive Americans our forefathers warned us of.

Rick is a text book example of the behavior a person exhibits when they sell out their principles for personal politics.

Another perfect way to think of this is a company buying its own product off the shelves with one hand but continuing to produce them with the other! ruh roh, daddy oh!

The Bond Market signaled that it wasn’t buying the long end until rates went up. Treasury Secretary Scott Bessent thinks it’s a great idea for the entity whom issues the treasuries to start buying them back.

History says that this is never a good idea. Free market principles also say that this is never, ever, ever a good idea.

But CNBC host and female Boomer Becky loves the idea! Becky tells her co-host Andrew to go sit on a stick if he’s so critical of it. Becky actually rushed to commercial break to cut Andrew off.

Great to see boomers of all ages, of all genders, flail around to try anything to not be remembered as the most greedy and selfish generation of Americans ever.

Kevin McCarthy says the American entitlement programs are the reason why the country is in such big debt. Kevin blames the Obamacare and the Social Security as the first things the next Republican president will have to cut.

Unfortunately the people of the United States of America do not agree with him. President Trump has increased the debt beyond a number most Americans can pronounce. if Kevin McCarthy has any hopes of being right he’ll need to first admit the inequality issue that’s driving the rise of democratic-socialism.

But it’s more than likely that Kevin is just to dumb to make a good decisions.

President Trump directed his administration to support the Japanese Yen with heavy dollar intervention. Its benefits so far haven’t yet been seen and there is always risk of someone like a Soros trying to spoil the party.

with the midterms close President Trump is in a very difficult position. Operation Epstein Fury, 90 Deals in 90 Days, starting another endless war, President Trump needs to find a win somewhere, someway, before it’s all over.

Great to see Sound Hound in Panda Express

Roh roh on the retail sales numbers. No one is sure why the World Cup generated such low retail sales.

Stella Blues Band rocked Garcia’s last night. Great music - great fun.

Adding: Last night was their 99th show at The Cap/Garcia's - tonight will be their 100th - going to be a big celebration - he mentioned they are going to do 3 sets with first being acoustic...