STOCK MARKET WATCH, Tuesday January 25, 2011

[Demeter]

Source: du

STOCK MARKET WATCH, Tuesday January 25,
2011

AT THE CLOSING BELL ON January 24, 2011

Dow 11,980.52 +108.68 (+0.92%)
Nasdaq 2,178.98 +28.01 (+1.04%)
S&P 500 1,291 +7.49 (+0.58%)
10-Yr Bond... 3.36 -0.04 (-1.20%)
30-Year Bond 4.52 -0.04 -0.94%

---

Market
Conditions During Trading Hours

Euro,
Yen, Loonie, Silver and Gold>

---

Handy Links - Market Data and News:
Economic Calendar Marketwatch
Data> Bloomberg Economic News Yahoo!Finance Google
Finance> Bank
Tracker> Credit Union Tracker Daily Job Cuts

Handy Links - Economic Blogs: The Big
Picture> Financial
Sense> Calculated
Risk> Naked
Capitalism> Credit
Writedowns> Brad
DeLong> Bonddad Atrios goldmansachs666 The
Stand-Up Economist>

size=2]Handy Links - Government
Issues:
LegitGov Open
Government> Earmark
Database> USA
spending.gov>

Handy Links - Videos: The Coming Collapse
of the Middle Class> Charlie Rose talks with Roubini Charlie
Rose talks with Krugman>
William
Black: This Economic[br />Disaster] Bill
Moyers with Kevin Drum and David Corn>

align="center"]Bush
Administration Officials Convicted = 2
Names: David Safavian, James Fondren
Dishonorable Mention: former House majority leader, Tom DeLay

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 =
11

[InkAddict]

1. Good morning - Yay, I did it!

That's one ugly baby!

[Hugin]

4. Good morning, IA.

Really, it's not mine... Really.

(I have no idea what you're talking about, but, :rofl: anyway. :7 )

[Demeter]

7. That was an old cartoon--I've changed it since

Putting this beast up is no trivial exercise

I've decided I hate HTML

[Festivito]

49. Nicely done, Demeter.

Finally, I get to hang out at the Verde Co-op food space to read and write. Thanks for bringing the price of oil back down.

[Demeter]

51. You Give Me More Credit Than I'm Due

glad to see you back!

[rfranklin]

2. Financial Crisis Commission Finds Cause for Prosecution of Wall Street Crooks...

The bipartisan panel appointed by Congress to investigate the financial crisis has concluded that several financial industry figures appear to have broken the law and has referred multiple cases to state or federal authorities for potential prosecution, according to two sources directly involved in the deliberations.

The sources, who spoke on condition they not be named, declined to identify the people implicated or the names of their institutions. But they characterized the panel's decision to make referrals to prosecutors as a significant escalation in the government's response to the financial crisis. The panel plans to release its final report in Washington on Thursday morning.

In the three years since major lenders teetered on the brink of collapse, prompting huge taxpayer rescues and amplifying an already painful recession into the most punishing downturn since the Depression, public indignation has swelled while few people who played prominent roles in the crisis have faced legal consequences.

http://www.huffingtonpost.com/2011/01/24/financial-crisis-commissi_2_n_813415.html

[Demeter]

9. This is FABULOUS News!

Thank you! I may survive today after all!

[xchrom]

15. they have to take their wealth --

or the incentive for others to engage in illegality remains.

but i'm very glad they're recommending prosecution.

[Fuddnik]

44. I'll believe it when I see it.

[DemReadingDU]

3. Thanks Demeter for kicking off today's SMW!

[MsLeopard]

5. Reports due today

Jan 25 9:00 AM Case-Shiller 20-city Index
Jan 25 10:00 AM Consumer Confidence Jan
Jan 25 10:00 AM FHFA Housing Price Index

[bentley]

26. Case-Shiller 20-city home price index released Tuesday fell 1.6 percent in Nov

Home prices are falling across most of America's largest cities, and average prices in eight major markets have hit their lowest point since the housing bust.



http://finance.yahoo.com/news/Home-prices-fall-in-major-US-apf-411171723.html?x=0

[bentley]

28. Consumer Confidence Index hits 8-month high

WASHINGTON (AP) -- The Consumer Confidence Index rose in January to its highest point in eight months but remains well below the levels indicating a healthy economy.

The Conference Board says its Consumer Confidence Index climbed to 60.6 this month, up from 53.3 in December. While that reading was better than economists had expected, confidence is still far from the 90 readings that signal a healthy consumer mindset.

Americans' views on the current economy and their expectations for the future both improved as people feel better about the job market.


http://finance.yahoo.com/news/Consumer-Confidence-Index-apf-1787804774.html?x=0&sec=topStories&pos=main&asset=&ccode=

[Demeter]

32. Thank you Bentley! Many hands make light work!

Nice to know people will help!

[bentley]

29. Nov. FHFA Housing Price Index

Nov. FHFA Housing Price Index: +0% month-on-month, vs. +0.2% in October (revised down from +0.7%). Year-on-year, prices are -4.3%.

[MsLeopard]

6. Delete

Just noticed the date of the article, from 2010...

[burf]

8. Thanks Demeter !

Love the cartoon. I wonder if the SOTU will be like one of those infomercials for some kitchen gadget. Both Obama and Immelt at the podium making waffles or grilled sandwiches or some such shit.

Have a great day everyone and thanks again Demeter.

[MsLeopard]

10. Financial Crisis Inquiry Commission Makes Criminal Prosecution Referrals

http://www.nakedcapitalism.com/2011/01/financial-crisis-inquiry-commission-has-made-criminal-prosecution-referrals.html

Given that the Financial Crisis Inquiry Commission has found what it sees as ground for criminal prosecution, apparently extending to several yet to be named Wall Street executives, what are we to make of the exodus of its Republican members? That they prefer rule by banksters to rule of law?

snip

Shahien Narsiripour of the Huffington Post broke this story but juicy details appear thin at this juncture:

The bipartisan panel appointed by Congress to investigate the financial crisis has concluded that several financial industry figures appear to have broken the law and has referred multiple cases to state or federal authorities for potential prosecution….

The sources, who spoke on condition they not be named, declined to identify the people implicated or the names of their institutions. But they characterized the panel’s decision to make referrals to prosecutors as a significant escalation in the government’s response to the financial crisis…The commission’s decision to refer conduct for prosecution underscores the severity of the activities it has uncovered and plans to detail in its widely anticipated final report

More at the link....

[Demeter]

11. Light a Candle for PBD--So He can Find His Way Home

Hope everything's all right there....and forgive the wild formatting, again.

You have to do this every day to get good at it--and I'm not volunteering!

Also, Can't guarantee that all the numbers are correct, but I did try...

[Demeter]

12. Oil extends fall as Saudis hint at raising supply

SERVES THE BASTARDS RIGHT

http://news.yahoo.com/s/ap/oil_prices

Oil prices fell below $87 a barrel Tuesday, extending losses after the Saudi oil minister hinted the world's biggest producer may increase supplies to put the brakes on higher oil prices.

By early afternoon in Europe, benchmark crude for March delivery was down $1.22 to $86.65 a barrel in electronic trading on the New York Mercantile Exchange. The contract lost $1.24 to settle at $87.87 a barrel on Monday

The price of oil has fallen more than 3 percent since Thursday, when it was close to $92 a barrel.

Saudi Oil Minister Ali Naimi said Monday he expected world oil demand will increase this year to between 1.5 million and 1.8 million barrels per day. That's higher than forecasts from the Energy Information Administration and the International Energy Agency.

Michael Lynch, president of Strategic Energy & Economic Research, said al-Naimi's comments imply that he thinks oil prices are too high, and the Organization of Petroleum Exporting Countries would take steps to bring them down....

[ret5hd]

13. Where were you guys??? I've been looking everywhere!!!

[Demeter]

One of our Members is Missing

and I've got to get going--be back later, if there is a later. It's going to be one of those days, I'm afraid.

[Fuddnik]

22. Must be some bad weather up in the NE.

[MsLeopard]

14. Damning Email: Did Bear Cheat Clients of $ Billions?

http://www.ritholtz.com/blog/2011/01/bear-stearns-cheat-clients-out-of-billions/

I didn’t get a chance to ask this of former Bear Stearns banker/analyst Chris Whalen (we ran out of time), but over in The Atlantic, Teri Buhl reports on some very ugly litigation with Bear.

Apparently, some 80% of these Bear Stearns loans sold to Ambac went bad almost immediately

Here’s Teri:

“Former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs, Bank of America, and Ally Financial have been accused of cheating and defrauding investors through the mortgage securities they created and sold while at Bear. According to e-mails and internal audits, JPMorgan had known about this fraud since the spring of 2008, but hid it from the public eye through legal maneuvering. Last week a lawsuit filed in 2008 by mortgage insurer Ambac Assurance Corp against Bear Stearns and JPMorgan was unsealed. The lawsuit’s supporting e-mails, going back as far as 2005, highlight Bear traders telling their superiors they were selling investors like Ambac a “sack of shit.” . . .

More at link....

[Demeter]

19. Ask a Stupid Question....

of course they did.

[Demeter]

16. Mortgage Giants Leave Legal Bills to the Taxpayers

http://www.nytimes.com/2011/01/24/business/24fees.html?_r=2&partner=rss&emc=rss&pagewanted=all

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The cost was a closely guarded secret until last week, when the companies and their regulator produced an accounting at the request of Congress.

The bulk of those expenditures — $132 million — went to defend Fannie Mae and its officials in various securities suits and government investigations into accounting irregularities that occurred years before the subprime lending crisis erupted. The legal payments show no sign of abating.

Documents reviewed by The New York Times indicate that taxpayers have paid $24.2 million to law firms defending three of Fannie’s former top executives: Franklin D. Raines, its former chief executive; Timothy Howard, its former chief financial officer; and Leanne Spencer, the former controller....It is typical for corporations to cover such fees unless an executive is found to be at fault. In this case, if the former executives are found liable, the government can try to recoup the costs, but that could prove challenging.

Since Fannie Mae and Freddie Mac were taken over by the government in September 2008, their losses stemming from bad loans have mounted, totaling about $150 billion in a recent reckoning. Because the financial regulatory overhaul passed last summer did not address how to resolve Fannie and Freddie, Congress is expected to take up that complex matter this year.

In the coming weeks, the Treasury Department is expected to publish a report outlining the administration’s recommendations regarding the future of the companies.

Well before the credit crisis compelled the government to rescue Fannie and Freddie, accounting irregularities had engulfed both companies. Shareholders of Fannie and Freddie sued to recover stock losses incurred after the improprieties came to light...

[xchrom]

17. thank you demeter! nt

[Hotler]

18. k&r

Thanks Demeter.

[Mira]

20. Thank you Demeter! n/t

[Statistical]

21. UK fourth quarter GDP down 0.5 percent, shocking market expectations for continued recovery

LONDON (AP) — Britain's economy contracted by half a percent in the last three months of 2010, official data showed Tuesday, shocking markets which had expected a continued recovery and causing the pound to slump. Analysts warned that the underlying performance of the British economy had taken a severe hit, casting doubt over the government's plans for sharp spending cuts and tax hikes.
...
"At the same time, with tax rises in the first half of 2011 already expected to hit consumer demand, the government is open to accusations of causing a double-dip recession. Plan B may need dusting off."
...
Jonathan Loynes, chief European economist at Capital Economics, said the figure was "shockingly bad" and would "raise serious concerns over whether the economy is in a strong enough position to withstand the coming fiscal tightening."

http://www.latimes.com/business/nationworld/wire/sns-ap-eu-britain-economy,0,317887.story

In other words .... AUSTERITY (at least in early post-recession recovery) DOESN'T WORK.

[Demeter]

23. I RESEMBLE THAT REMARK!

[Demeter]

24. Thanks Ms. Leopard and Statistical

you all are going to have to take up the slack--I've got a board meeting and newsletter deadline...

[Roland99]

25. 9:45am - A bit wobbly. Oil still falling (under $87/bb)

Dow 11,946 -35 -0.29%
Nasdaq 2,703 -15 -0.54%
S&P 500 1,287 -4 -0.32%
GlobalDow 2,156 -7 -0.32%
Gold 1,327 -18 -1.32%
Oil 86.86 -1.01 -1.15%

[bentley]

27. Food, fuel prices unlikely to shake Fed from path

WASHINGTON (Reuters) - The Federal Reserve will continue to focus on low underlying inflation in pushing aggressive measures to support the U.S. recovery, even as European authorities fret about rising energy and food prices.

With the U.S. economy only now emerging from a period of inflation so low that policy makers were worried about the risk of a damaging downward spiral of falling prices, the Fed, which opens a two-day meeting on Tuesday, is on a different track than the European Central Bank.


http://finance.yahoo.com/news/Food-fuel-prices-unlikely-to-rb-75237459.html?x=0&sec=topStories&pos=1&asset=&ccode=

[xchrom]

30. kick

[bentley]

31. Payrolls Decrease in 35 U.S. States, Led by New York

Payrolls decreased in 35 U.S. states in December while the unemployment rate rose in 20, showing the labor market recovery is slow to gather momentum.

New York led the nation with 22,800 job cuts last month, followed by Minnesota with 22,400 firings, and Florida with 17,900, figures from the Labor Department showed today in Washington.

The report is consistent with figures on Jan. 7 that showed a fewer-than-forecast 103,000 jobs were created nationwide last month even as unemployment fell. Federal Reserve policy makers meeting today and tomorrow are likely to reiterate a pledge to buy $600 billion in government securities through June to help lower unemployment and spur growth.


http://www.bloomberg.com/news/2011-01-25/payrolls-decrease-in-35-u-s-states-led-by-new-york-minnesota-florida.html

[Pale Blue Dot]

33. Thank you Demeter! Sorry everyone!

It's been a nightmare morning. It's another snowstorm; I offered to drive a friend to work who hates driving in the snow because I had a 90 minute delay - and I didn't get to work until 4 hours later. This is the first time I've even been able to log in to DU.

Enough with the freakin' snow!!!

[Demeter]

34. Glad that you are all right.

So far today I have:

moved my trash cans to another street because I slept through collection on mine
cobbled together this thread
sent the Kid off to have fun
sent her sister to the dentist for a surprise wisdom tooth pull
talked with a plumber for an hour about how to fix some things around here
corralled the cats and sat for the grandpuppy
mended the younger Kid's coat
ate a Jimmy Dean breakfast sandwich
started a load of laundry
rescued the trash cans
contracted for a job in Feb.
wondered what I did to deserve this

and both oil and the stock market are falling.

I'm tired. Yesterday I spent 6 hours with a client, until 8 PM.
At least it's going to hit freezing today.

Another client wants to buy my favorite winter boots--I really don't want to sell them, but she's in dire need...this is the kind of moral issue that really sets one back.

Still have to write that newsletter article and find the agenda for tonight's board meeting, which is around here somewhere...

[Pale Blue Dot]

43. Sounds like fun!

In the meantime, there is another storm moving into our area on Wednesday night. On Thursday I may be grading papers and hanging out in the SMW all day!

Thanks again for covering for me today.

[Demeter]

35. Churches Find End Is Nigh

http://online.wsj.com/article/SB10001424052748704115404576096151214141820.html?mod=WSJ_myyahoo_module

Residential and commercial real-estate owners aren't the only ones losing their properties to foreclosure. The past few years have seen a rapid acceleration in the number of churches losing their sanctuaries because they can't pay the mortgage.

Just as homeowners borrowed too much or built too big during boom times, many churches did the same and now are struggling as their congregations shrink and collections fall owing to rising unemployment and a weak economy.

Since 2008, nearly 200 religious facilities have been foreclosed on by banks, up from eight during the previous two years and virtually none in the decade before that, according to real-estate services firm CoStar Group, Inc. Analysts and bankers say hundreds of additional churches face financial struggles so severe they could face foreclosure or bankruptcy in the near future.

"Churches are the next wave in this economic crisis," says Rev. Jesse L. Jackson Sr., president and founder of the Rainbow PUSH Coalition, a non-profit civil-rights group, who works with pastors around the country to help churches negotiate better terms with their bankers...

[Viva_La_Revolution]

36. knr nt

[Demeter]

37. Stimulus improves outlook for US, says IMF

The US fiscal stimulus package agreed late last year and the Federal Reserve’s autumn decision to restart quantitative easing have significantly improved the outlook for growth, according to the International Monetary Fund.

Revising its forecast for US 2011 growth higher by 0.7 percentage points to 3 per cent, the fund credited the tax-cutting deal between President Barack Obama and the outgoing Congress, which also extended unemployment insurance.

Read more >>
http://link.ft.com/r/H60H77/S3D7SP/WH2F8/5CPG8G/WLK3CJ/KI/t?a1=2011&a2=1&a3=25

AS IF I'D BELIEVE ANYTHING THEY SAID...

[Demeter]

38. Tepid trading fails to curb US bank bonuses

Most US financial services professionals took home a bigger bonus in 2010 than a year ago, despite a year of tepid trading on Wall Street.

According to a poll by eFinancial Careers, a website for job seekers in financial services, 56 per cent of those surveyed reported receiving a higher year-end pay-out, although the average bonus fell 5 per cent to $72,000.

Read more >>
http://link.ft.com/r/TWK799/A7BFST/B49CK/TPDJT6/FXBV5W/AZ/t?a1=2011&a2=1&a3=24

[Demeter]

39. Russia has no good terror options

Russia’s leadership seems to be reacting relatively calmly to Tuesday’s bombing of Domodedovo airport. This is welcome, but it is also a necessity. It seems terrible to admit, but terrorist attacks of this kind are something Russia, like India, is simply going to have to live with in future – and to which it is vital not to over-react.

Russia is a very large state with large and (in part) discontented Muslim minorities. Its security services will find it difficult to prevent such attacks. As President Dmitry Medvedev has charged, security at Domodedovo should doubtless have been tighter
– but in the last resort, that will only lead the terrorists to choose “soft targets”, such as the metro or buses.

Read more >>
http://link.ft.com/r/TWK799/C581P6/3CWTA/OJ5EM8/XTDPIS/OS/t?a1=2011&a2=1&a3=25

[Demeter]

40. German groups ratchet up spending to meet demand

German industrial companies are boosting investment in plant and equipment to ease capacity constraints driven by a recovery in demand
Read more >>

http://link.ft.com/r/UXDMSS/3O3EB6/WH2F8/S3KS7R/PRZDX7/SN/t?a1=2011&a2=1&a3=25

[Demeter]

41. Intel boosts dividend and stock buy-backs

Intel has boosted its dividend payments by the largest amount in five years and added $10bn to its stock buy-back plans, joining a growing list of maturing technology companies that have upped their cash distribution plans

Read more >>
http://link.ft.com/r/UXDMSS/3O3EB6/WH2F8/S3KS7R/HD8Z2V/SN/t?a1=2011&a2=1&a3=25

[Demeter]

42. Paulson posts more than $1bn in Citi gains

Paulson & Company, the world’s third-largest hedge fund manager, has told clients it has made more than $1bn from its stake in Citigroup over the past 18 months and expects US growth to accelerate this year

Read more >>
http://link.ft.com/r/UXDMSS/3O3EB6/WH2F8/S3KS7R/5CRT11/SN/t?a1=2011&a2=1&a3=25

[tclambert]

45. Silver is down 12.6% since Jan. 1.

Does anyone know a good reason why? I haven't heard any unusually bad news regarding silver.

Gold is down about 5%. I'm thinking that might just be a fluctuation. Maybe silver prices are just a fluctuation, too, but 12% seems like a big fluctuation.

[Roland99]

46. The dollar was rising some. Could be manipulation and playing of late-comer suckers.

[MsLeopard]

50. This article talks about metals prices

http://news.coinupdate.com/gold-and-silver-prices-impacted-by-rule-changes-backwardation-and-rumors-galore-0638/

It gives many reasons for the tank, but thinks metals will still rebound in a big way.

[Festivito]

47. Debt: 01/21/2011 14,060,136,959,466.51 (UP 3,823,484,533.93) (Fri, DOWN a little.)

(Good day Demeter, good day all.)
Slept in, but it should not have been that bad.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,415,228,617,099.55 + 4,644,908,342,366.96
DOWN 57,867,302.74 + UP 3,881,351,836.67

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 311-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,213.45 makes 1T$.
A family of three: Mom, Dad, Child: $9.64, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 311,192,192 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,181.52.
A family of three owes $135,544.57. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 23 reports in the last 30 to 31 days.
The average for the last 23 reports is 8,376,516,369.25.
The average for the last 30 days would be 6,421,995,883.09.
The average for the last 31 days would be 6,214,834,725.57.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 78 reports in 113 days of FY2011 averaging 6.39B$ per report, 4.41B$/day.
Above line should be okay

PROJECTION:
There are 730 days remaining in this Obama 1st term.
By that time the debt could be between 15.1 and 18.6T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
01/21/2011 14,060,136,959,466.51 BHO (UP 3,433,259,910,553.43 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,498,513,928,574.80 ------------* * * * * * * * * * * * BHO
Endof11 +1,610,244,105,573.47 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
12/31/2010 +062,732,309,679.32 ------------**********
01/03/2011 -005,396,108,430.64 -- Mon
01/04/2011 -000,085,302,113.98 ----
01/05/2011 -000,029,576,179.10 ----
01/06/2011 -001,749,774,139.62 --
01/07/2011 +000,022,074,863.06 ------------*******
01/10/2011 -000,254,217,892.29 --- Mon
01/11/2011 +000,490,152,520.38 ------------********
01/12/2011 -000,273,054,954.79 ---
01/13/2011 -005,996,045,152.69 --
01/14/2011 +000,146,255,477.48 ------------********
01/18/2011 +038,613,327,669.01 ------------********** Tue
01/19/2011 +000,009,950,983.18 ------------******
01/20/2011 -000,687,286,291.06 ---
01/21/2011 -000,057,867,302.74 ----

87,484,838,735.52 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4707912&mesg_id=4707970

[Festivito]

48. Debt: 01/24/2011 14,062,239,904,820.69 (UP 2,102,945,354.18) (Mon, DOWN a little.)

(Good day.)
Clearance for just a second.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,415,046,930,068.41 + 4,647,192,974,752.28
DOWN 181,687,031.14 + UP 2,284,632,385.32

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 311-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,213.23 makes 1T$.
A family of three: Mom, Dad, Child: $9.64, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 311,213,792 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,185.14.
A family of three owes $135,555.43. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 21 reports in the last 30 to 31 days.
The average for the last 21 reports is 9,337,838,772.19.
The average for the last 30 days would be 6,536,487,140.53.
The average for the last 31 days would be 6,325,632,716.65.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 79 reports in 116 days of FY2011 averaging 6.34B$ per report, 4.32B$/day.
Above line should be okay

PROJECTION:
There are 727 days remaining in this Obama 1st term.
By that time the debt could be between 15.1 and 18.7T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
01/24/2011 14,062,239,904,820.69 BHO (UP 3,435,362,855,907.61 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,500,616,873,928.90 ------------* * * * * * * * * * * * BHO
Endof11 +1,575,216,887,793.52 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
01/03/2011 -005,396,108,430.64 -- Mon
01/04/2011 -000,085,302,113.98 ----
01/05/2011 -000,029,576,179.10 ----
01/06/2011 -001,749,774,139.62 --
01/07/2011 +000,022,074,863.06 ------------*******
01/10/2011 -000,254,217,892.29 --- Mon
01/11/2011 +000,490,152,520.38 ------------********
01/12/2011 -000,273,054,954.79 ---
01/13/2011 -005,996,045,152.69 --
01/14/2011 +000,146,255,477.48 ------------********
01/18/2011 +038,613,327,669.01 ------------********** Tue
01/19/2011 +000,009,950,983.18 ------------******
01/20/2011 -000,687,286,291.06 ---
01/21/2011 -000,057,867,302.74 ----
01/24/2011 -000,181,687,031.14 --- Mon

24,570,842,025.06 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4709558&mesg_id=4710259

[Demeter]

52. Looks Like a Two Miracle Day

Can we as a nation afford it?