STOCK MARKET WATCH, Friday, March 4, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Friday, March 4, 2011

AT THE CLOSING BELL ON March 3, 2011

Dow 12,258.20 +191.40 (+1.56%)
Nasdaq 2,798.74 +50.67 (+1.81%)
S&P 500 1,330.97 +22.53 (+1.69%)
10-Yr Bond... 3.57 +0.02 (+0.42%)
30-Year Bond 4.62 +0.00 (+0.09%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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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

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 Disaster    Bill Moyers with Kevin Drum and David Corn

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

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Crappy cartoons today, unless you love Charlie Sheen. Add your own!



Read more: du

[xchrom]

1. read. more. DU. -- that's code isn't it? nt

[Tansy_Gold]

5. I'm not sure I can.

I mean, other than certain dungeons, I read just about everything here. It's a compulsion/obsession, as well as a convenient break from a very boring job. . . . .


TG

[Pale Blue Dot]

2. Unemployment Report today

Mar 04 08:30 Nonfarm Payrolls Feb 220K 185K 36K
Mar 04 08:30 Nonfarm Private Payrolls Feb 240K 198K 50K
Mar 04 08:30 Unemployment Rate Feb 9.2% 9.1% 9.0%
Mar 04 08:30 Average Workweek Feb 34.3 34.3 34.2
Mar 04 08:30 Hourly Earnings Feb 0.2% 0.2% 0.4%
Mar 04 10:00 Factory Orders Jan 3.2% 2.1% 0.2%

Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1FdPVNVec

[DemReadingDU]

4. This should be interesting

February only had 28 days too.

[Po_d Mainiac]

7. It's that "Seasonally adjusted" creative writing thingy.. n/t

[Demeter]

8. In My Opinion, That was 21 too many

and unfortunately, March isn't starting out any better.

[Po_d Mainiac]

12. We may loose some glaciers late this weekend

Feets of snow on the ground, and heavy rains in the forecast.

Additional feets of ice on all the major rivers, kinda hinders the draining.

[Fuddnik]

14. Look on the bright side.

Another blizzard expected next week.

There's a reason Alexander Graham Bell invented Chocolate Whipped Cream Flavored Vodka. Days like that.

[Demeter]

19. Put Enough Chocolate and Whipped Cream In It

and I might take up drinking....

although chocolate sodas and malts do the trick, with slightly fewer calories...

[Fuddnik]

23. There's enough.

http://intoxicology101.net/2010/07/27/pinnacle-vodka-whipped-and-cotton-candy/

[AnneD]

30. SWT is a good ....

barometer. The earlier up the thread alcohol is mentioned-the worse the day will be. I think the 2 of you set a new SWT record. :evilgrin:

[Po_d Mainiac]

15. The actual #'s

Mar 04 	08:30 	Nonfarm Payrolls 	 Feb 	192K 	
Mar 04 	08:30 	Nonfarm Private Payrolls Feb 	222K  
Mar 04 	08:30 	Unemployment Rate 	 Feb 	8.9% 
Mar 04 	08:30 	Average Workweek 	 Feb 	34.2  
Mar 04 	08:30 	Hourly Earnings 	 Feb 	0.0%  

Read more:
http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1Fdem1zj1

[tclambert]

53. So, it's beginning to look like the jobs market is ever so slowly improving.

Look out! There's a glacier coming! Amble away! Stroll for your lives!

[Demeter]

59. I heard a lot of that was temp jobs

Don't get out your waders yet.

[Pale Blue Dot]

3. Oil rises to near $103 as Libya conflict escalates

SINGAPORE – Oil prices rose to near $103 a barrel Friday in Asia as Libyan government and rebel forces dug in amid fierce fighting, raising investor fears of protracted oil output cuts in the OPEC nation.

Benchmark crude for April delivery was up 92 cents at $102.83 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 32 cents to settle at $101.91 on Thursday.

In London, Brent crude for April delivery was up $1.01 to $115.80 a barrel on the ICE Futures exchange.

On Thursday, rebels bolstered defenses around Libya's second-largest oil refinery in Brega while government fighter jets bombed nearby the Mediterranean port city. Libyan leader Moammar Gadhafi's regime apparently has stepped up its recruitment of mercenaries from other African countries, with an official in neighboring Mali saying that 200 to 300 men have left for Libya in the last week.

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

[Po_d Mainiac]

6. Gaddafi takes advice from chairsatan..puts printers to work

LONDON -- A British government official says a ship carrying about $160 million worth of Libyan currency has been impounded after unsuccessfully trying to dock in Tripoli.

The official said Friday that the ship returned to Britain and was escorted by a Border Agency cutter to the port of Harwich in eastern England.

snip

A number of containers full of currency have been moved from the ship to a secure location.

The official spoke on condition of anonymity because she was not authorized to speak on the record.

She declined to comment on where the currency came from, although the U.K. is home to international printer De La Rue PLC, which produces over 150 national currencies.

Britain has banned the unlicensed export of Libyan banknotes in line with U.N. sanctions.

http://www.forbes.com/feeds/ap/2011/03/04/general-materials-eu-britain-libya_8338499.html

[Demeter]

9. No Kidding

They got a lotta nerve doing that...when the proper crime fighter would pull the controls from Bernanke....

[Po_d Mainiac]

11. Bring paper in, while moving PM's out...sounds familiar...n/t

[Loge23]

10. Kind of liked this one (toon)!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x622433

[Po_d Mainiac]

13. Gallop puts a different spin on the numbers..ouch!

Underemployment Rises to 20.3% in March

http://www.gallup.com/poll/127091/underemployment-rises-march.aspx

[Demeter]

16. BP oil spill executives are denied bonuses

Bonuses move comes as UK oil group tries to restore its reputation after accident, which killed 11 workers and caused the worst environmental disaster in US waters

Read more >>
http://link.ft.com/r/NA70KK/EWVUXJ/NRHD3/9ZGESD/HDCMCW/AZ/t?a1=2011&a2=3&a3=4

POOR, SWEET BABIES!

[Demeter]

17. Hedge funds head for Malta to escape regulation

Some of London’s biggest hedge fund managers are shifting their operations to Malta in response to rising costs of business and the growing regulatory burden

Read more >>
http://link.ft.com/r/NA70KK/EWVUXJ/NRHD3/9ZGESD/PR4I5P/AZ/t?a1=2011&a2=3&a3=4

DON'T LET THE DOOR HIT YOU ON THE WAY OUT...

[SpiralHawk]

36. Hey, didn't Seymour Hersh say some revealing things about Malta

just last week? I trust Seymour...

http://merovee.wordpress.com/2011/01/26/seymour-hersh-us-generals-belong-to-knights-of-malta/

According to Seymour Hersh, one of America’s most respected journalists, top US military figures belong to the quasi masonic group, The Knights of Malta . He names two by name, Gen. Stanley McChrystal and Vice Admiral William McRavens who he states are members of or at least supporters of the Knights of Malta .

See what they are doing – and this is not an atypical attitude among some military . Its a crusade literally . They see themselves as the protector of Christians . They’re protecting them from the Muslims as in the 13th Century.

They have insignia that reflects the whole notion that this is a culture war . Right now, there’s a tremendous amount of anti Muslim feeling in the military community .

Seymour Hersh received his Pulitzer prize for his investigation into the My Lai massacre in The Vietnam War so is not someone who can be easily dismissed .

Yet we are consistently told not to worry about secret societies – its just the normal Conspiracy nutters – but it seems you are not anyone unless you belong to at least one of these societies .

Research Bohemian Grove, or ask how many Presidents of the USA and Kings Of England, have been Freemasons and you find the true story .

[Demeter]

18. Foxconn to move China jobs inland

Foxconn Technology will transform its south China manufacturing hub into an engineering base and move 200,000 jobs to cheaper inland provinces

Read more >>
http://link.ft.com/r/NA70KK/EWVUXJ/NRHD3/9ZGESD/EW6A04/AZ/t?a1=2011&a2=3&a3=4

HIDING THE CDRIMES INLAND?

[Demeter]

20. Court agrees plan to wind up ‘old’ GM

A New York judge said on Thursday that he would approve a plan to wind up the bankrupt entity that has held General Motors’ unwanted assets since the carmaker’s restructuring

Read more >>
http://link.ft.com/r/NA70KK/EWVUXJ/NRHD3/9ZGESD/26FLRZ/AZ/t?a1=2011&a2=3&a3=4

THEY SHOULD JUST WAIT A FEW MINUTES...THE "NEW" GM IS UP TO THE SAME STUPID MISTAKES AS THE "OLD" GM...THEY COULD MERGE THE TWO AND SAVE PAPERWORK AND TIME

[Po_d Mainiac]

34. But ZIRP and NDP worked so well for them before!

[Demeter]

21. Tesco pushes into northern California

The UK retailer has opened its first two stores in the area, indicating the continued expansion of its lossmaking US venture under new group chief executive Philip Clarke

Read more >>
http://link.ft.com/r/NA70KK/EWVUXJ/NRHD3/9ZGESD/18R1J9/AZ/t?a1=2011&a2=3&a3=4

A LOSS-MAKING VENTURE? I HAD ONE OF THOSE...

[xchrom]

25. they fuck up and open new locations -- we fuck up and go under. nt

[Demeter]

22. S&P says turmoil could still spread

No government in the Middle East and north Africa is immune to contagion from political unrest, according to Standard & Poor’s, the credit rating agency


Read more >>
http://link.ft.com/r/VKY5JJ/RNI21F/T10SH/LQ5LSX/D482PX/YT/t?a1=2011&a2=3&a3=4

FACTS ARE SUCH NASTY, KNOBBLY THINGS

[Demeter]

24. US groups unlock secret recipe for oil

It is not widely appreciated that US dependence on foreign oil has been falling for the past five years, and could well drop for the next five at least


Read more >>
http://link.ft.com/r/VKY5JJ/RNI21F/T10SH/LQ5LSX/3ONTI6/YT/t?a1=2011&a2=3&a3=4

WHAT ARE THEY BABBLING ABOUT, YOU ASK? WELL, I USED UP A FREE PEEK, AND THIS IS WHAT I SAW:



Energy independence is still a distant prospect; the US imports about 60 per cent of its crude oil and will not be able to replace all of those foreign supplies for the foreseeable future.

Tim Geithner, US Treasury Secretary, said that strategic oil reserves could be used if necessary to mitigate any “severe, sustained supply disruption”.

“It is important to note that there is considerable spare oil production capacity globally, and we and other major economies possess substantial strategic reserves of oil,” he told the Senate Foreign Relations committee.

But a revival in the domestic oil industry, driven by the exploitation of “unconventional” reserves such as shale oil, has for the past two years reversed the steady decline of US production that began in 1985...Onshore drilling for oil has risen to a level not seen in two decades, as small and mid-sized companies apply to a variety of oil reserves across the US the same technology that brought about the shale gas boom.

Hydraulic fracturing – pumping in water mixed with chemical additives – and horizontal drilling into shale rock have enabled the US to open up new gas resources. Its estimated reserves would now last 100 years at present rates of usage, instead of 30 as previously thought.

FRACKING AND TECHNOLOGY ADVANCES, NO TALK OF CONSERVATION...

[amandabeech]

51. I cannot believe that anyone is making any quantity of oil out of the Green River shale oil deposits

It really isn't oil, anyway. It's kerogen, a precursor of oil that did not get buried far enough underground to "cook" into oil.

What folks have been trying to do is "cook" shale and get something oily out of it.

Most recently, on of the major oil companies, Shell I believe, has been lowering heaters into narrow circumference holes in the shale oil deposit in order to "cook" the shale in place.

Shale oil: Fuel of the Future and Always Will Be.

[Demeter]

26. Currency loss forces Swiss bank into spotlight

For the first six months of last year the Swiss National Bank, which unusually for a central bank is privately owned, gambled hugely on the currency markets

Read more >>
http://link.ft.com/r/VKY5JJ/RNI21F/T10SH/LQ5LSX/5CPBI8/YT/t?a1=2011&a2=3&a3=4

[Po_d Mainiac]

27. More

In an attempt to halt the seemingly inexorable rise of the franc, it bet billions on foreign currency purchases.

Now saddled with nearly a quarter of a trillion dollars worth of foreign reserves, it faces the irony of investors returning to the franc as a safe haven in response to political upheaval in the Middle East – spelling yet further losses for one of the world’s most respected and profitable central banks.

They were buying while the ECB and FED were printing...BRILLIANT!...At the end of their "experiment" the manipulations were holding ground for just a matter of hours (literally). What was crazier, the BOJ tried the same tactic a few days after the Swiss caved in. The results were identical.

[Po_d Mainiac]

28. The PM charts just grew an erection....n/t

[Po_d Mainiac]

29. And the DX looks like a guy pissing on his feet..n/t

[AnneD]

31. I hate to even imagine

what the SENSEX or FTSE look like. Markets are getting kinky! :spank:

[Po_d Mainiac]

33. The FTSE looks wet..Albeit warm, but still wet..n/t

[AnneD]

35. As long as the markets are not...

frothy.:spray:

[xchrom]

37. stop it.

i have a hard enough time controlling my thoughts.

now the stock market could -- you know -- bother me.

[Demeter]

41. Better Late than Never

They've been bothering me for decades, now.

Oh, THAT kind of bother! I don't have problems like that.

Seriously. I took a nap and dreamed the cat(the older one, who has been crapping on the rug) fell into the garbage grinder. I did not feel the slightest amount of guilt over that dream. I wondered if it was possible...

[Po_d Mainiac]

43. Those charts are a thing of beauty

If holdin Ag long and hard, with bit invested on the short side of the ES with SDS.

[AnneD]

45. Why is the theme song for a James Bond movie.....

going through my head.........

[AnneD]

47. Xchrom....

they have creams for that.

[Festivito]

32. Debt: 03/02/2011 14,178,525,108,267.60 (UP 5,567,518,410.98) (Wed, UP a little.)

(Good day.)
Now I'm in Benton Harbor, Michigan.
(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)
= 9,562,608,771,779.38 + 4,615,916,336,488.22
UP 44,996,229.28 + UP 5,522,522,181.70

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 $3,210.48 makes 1T$.
A family of three: Mom, Dad, Child: $9.63, ABOUT TEN BUCKS for a 1B$ 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 311,480,192 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 $45,519.83.
A family of three owes $136,559.49. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 to 28 days.
The average for the last 20 reports is 3,100,633,742.95.
The average for the last 30 days would be 2,067,089,161.97.
The average for the last 28 days would be 2,214,738,387.82.
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$/day.
There were 105 reports in 153 days of FY2011 averaging 5.88B$ per report, 4.03B$/day.
Above line should be okay

PROJECTION:
There are 690 days remaining in this Obama 1st term.
By that time the debt could be between 15.1 and 17.7T$.
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)
03/02/2011 14,178,525,108,267.60 BHO (UP 3,551,648,059,354.52 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 +0,616,902,077,375.90 ------------* * * * * * * * * * * * * * * BHO
Endof11 +1,471,694,498,315.06 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
02/09/2011 +000,070,875,766.12 ------------*******
02/10/2011 -016,083,331,993.98 -
02/11/2011 -000,131,455,172.80 ---
02/14/2011 -001,050,366,540.96 -- Mon
02/15/2011 +048,146,191,309.44 ------------**********
02/16/2011 +000,114,208,468.26 ------------********
02/17/2011 -011,510,944,063.77 -
02/18/2011 +000,193,465,100.84 ------------********
02/22/2011 +000,575,498,293.73 ------------******** Tue
02/23/2011 +000,604,643,024.49 ------------********
02/24/2011 -006,532,296,295.79 --
02/25/2011 +025,792,712,781.54 ------------**********
02/28/2011 +054,201,582,504.95 ------------********** Mon
03/01/2011 -002,977,641,960.04 --
03/02/2011 +000,044,996,229.28 ------------*******

91,458,137,451.31 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=4755076&mesg_id=4755134

[Festivito]

49. Debt: 03/03/2011 14,182,086,199,057.01 (UP 3,561,090,789.41) (Thu, UP some.)

(Good day.)
Must leave the Country Kitchen after revealing for the first time ever that I am old.
(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)
= 9,571,009,627,588.32 + 4,611,076,571,468.69
UP 8,400,855,808.94 + DOWN 4,839,765,019.53

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 $3,210.40 makes 1T$.
A family of three: Mom, Dad, Child: $9.63, ABOUT TEN BUCKS for a 1B$ 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 311,487,392 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 $45,530.21.
A family of three owes $136,590.63. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 to 28 days.
The average for the last 20 reports is 4,082,958,908.80.
The average for the last 30 days would be 2,721,972,605.87.
The average for the last 28 days would be 2,916,399,220.57.
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$/day.
There were 106 reports in 154 days of FY2011 averaging 5.85B$ per report, 4.03B$/day.
Above line should be okay

PROJECTION:
There are 689 days remaining in this Obama 1st term.
By that time the debt could be between 15.1 and 17.7T$.
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)
03/03/2011 14,182,086,199,057.01 BHO (UP 3,555,209,150,143.93 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 +0,620,463,168,165.30 ------------* * * * * * * * * * * * * * * BHO
Endof11 +1,470,578,288,183.99 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
02/10/2011 -016,083,331,993.98 -
02/11/2011 -000,131,455,172.80 ---
02/14/2011 -001,050,366,540.96 -- Mon
02/15/2011 +048,146,191,309.44 ------------**********
02/16/2011 +000,114,208,468.26 ------------********
02/17/2011 -011,510,944,063.77 -
02/18/2011 +000,193,465,100.84 ------------********
02/22/2011 +000,575,498,293.73 ------------******** Tue
02/23/2011 +000,604,643,024.49 ------------********
02/24/2011 -006,532,296,295.79 --
02/25/2011 +025,792,712,781.54 ------------**********
02/28/2011 +054,201,582,504.95 ------------********** Mon
03/01/2011 -002,977,641,960.04 --
03/02/2011 +000,044,996,229.28 ------------*******
03/03/2011 +008,400,855,808.94 ------------*********

99,788,117,494.13 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=4756939&mesg_id=4757190

[MattSh]

38. Gads,

It's March already? Where's the warm weather already?

[Po_d Mainiac]

40. Caye Caulker

[Demeter]

42. Well, we got a little gentle rain this morning

and it didn't even freeze...and grass is appearing once more from under the melting piles of crusted, rotten snow.

The snowdrops have reappeared, a bit bent and broken, but still in bloom. And it's a blazing 42F, "much warmer than yesterday" as the Weather Underground promised.

[amandabeech]

52. When do you think that you'll start seeing some crocuses?

When I grew up in Michigan northwest of GR, I was always thrilled to see the crocuses, and then in the woods, trilliums.

Even someone like me who liked to ice skate, cross country ski and fly down the hills on my "flying saucer," I was ready for spring by mid-February.

[Fuddnik]

56. I saw a crocus this morning on the golf course.

Wait, never mind. That was an alligator.

[amandabeech]

57. Awe, I really had my hopes up with your title.

I guess that I need to visit Florida. Alligator crocuses sound very unique. Maybe it would start an "Alligator Crocus Mania." I'd love to watch that bubble grow!

[Fuddnik]

58. We've been hovering around 80 degrees for the last few weeks.

I'd better get my garden in this week-end.

[amandabeech]

61. That sounds great.

However, I wouldn't want to live in Florida during the summer!

You can put on clothes during the winter, but you can't peal your skin off in the summer.

[AnneD]

66. So how....

I get the feeling that clothes never bother Fudd in the summer....

I had to run my AC a while this last weekend. That just ain't right.

[amandabeech]

67. Interesting comment on Fudd. I'll keep that in mind.

Many years ago, I spent a couple of weeks in Houston in March. It was very hot and extremely humid.

I didn't know which I needed most: AC or water wings.

[AnneD]

68. Houston is one of the few places I know.....

where you can have 100% humidity and no rain.

Fudd and I have bantered back and forth for years. I hope I get to meet him one day. We give each other as good as we get but it is never mean spirited. Always reminds me of grandma and grandpa Walton.

[amandabeech]

69. I'll have to keep an eye out for any public postings of your banter.

Have a good one!

[Demeter]

65. I haven't planted any crocus

and there's been too much snow on the ground, but Saturday's rain is taking care of that. I'll get back to you on crocus when I see them.

[Karenina]

48. It's HERE! It's KARNEVAL!!!

The sun has been shining for days, 10 Grad circa 50F. I hope the beautiful spring weather continues for all the celebrants (known here as Jecke.) Lines outside the local bars. Broken glass everywhere, wild Pinkeln (die Jungs warten bis jemand guckt... "HALLO OMA!! I'm PISSING in the hedges!!!" :eyes::rofl: ) Dogs in clown suits...

BIG MONEY. Klüngel.

What did the groundhog say again?

[Demeter]

60. Spring in two weeks

That was 4 weeks ago...

[DoBotherMe]

39. K&R

[Demeter]

44. In the Absence of Reason BY ERIC FRY

http://dailyreckoning.com/outside-day-reversals-and-the-return-of-the-housing-market/

The Dow Jones Industrial Average tumbled 168 points yesterday WEDNESDAY to 12,058. But the Blue Chip index did not merely tumble; it sustained "technical damage," according to the folks who place credence in stock price charts.

Yesterday's selloff featured a textbook "outside day reversal," in which the Dow pushed above the prior day's highest levels, but then reversed and closed below the prior day's lowest levels. This is bearish price action...and no stock market technician would deny it. The S&P 500 Index, along with almost every other US and foreign equity index produced similarly grim reversal patterns. The "risk on" trade is coming off very quickly.

On the other side of the ledger, gold soared to a new all-time high, while silver jumped to a new three-decade high. Treasury bonds also rallied - pushing yields down to their lowest levels in a month.

The stated reason for the palpable fear in the financial markets is the palpable fear in the streets of Tripoli.

As stated reasons go, this one is better than most. After all, the oil price is surging as a result of the Libyan chaos...and that's definitely not a helpful economic phenomenon. But the real reason that stock prices are falling is "just because." The US stock market spent the last four or five months rising for no good reason. So why couldn't it also fall for no good reason?

If, in the midst of falling for no good reason, a really good reason happens to present itself, the selloff could gain momentum until, eventually, the stock market would be falling for no reason whatsoever. But we're not there yet. The current selloff is long overdue, if not also amply justified... So we would expect the selloff to continue for a while yet...

LIKE READING ENTRAILS OF THE GUTTED US ECONOMY

[Demeter]

46. How the US Government Deals With Debt in the Post-Bubble Era

http://dailyreckoning.com/how-the-us-government-deals-with-debt-in-the-post-bubble-era/

What will the history books of the future say? How will they describe us...our time...and what went wrong?

We believe they will tell how three groups brought down the US Empire:

1) The feds
2) The banks
3) The neo-cons

The feds destroyed the empire's economy and corrupted its political institutions.

The banks (including the central bank) destroyed the empire's finances, and its money.

And the neo-cons undermined the integrity of its military, with their expensive mock wars.

All of them worked together to twist the system into a grotesque new shape...and populate it with a race of zombies.

And they're still at it...

[amandabeech]

50. Barf Alert! The Pres is introducing Jeb down in Florida.

Much gushing over the Bushes.

Off topic, but just so nauseating that I had to post.

[Roland99]

54. FFS

:puke:

Ya know...I'd felt a weird vibe a couple hours ago. Was back from lunch errands...been cloudy, windy, rainy. Guess I know why now.

[amandabeech]

55. Cloudy, windy, rainy. Certainly perfect weather for such a meeting.

Do you feel better now? I think that the televised portion of the meeting has concluded.

[Roland99]

63. yeah...felt better after I got home

freakin' charter schools...demonizing teachers.

What a great legacy for Obama to cozy up to.

:puke:

[Capn Sunshine]

62. remember when you could read the Stock Market watch and know what the market was doing that day?

Those were the days my friend. OK, I'll do it.

DOW 12169.88 -88.32 -0.72%

NASDAQ 2784.67 -14.07 -0.5%

S&P 1321.15 -9.82 -0.74%


A futile rally attempt by the bighouses produced a late bounce & took stocks off of their lows and made the action look a little less poor, but the market still finished with decent sized losses. Volume appears lighter because evryone is on the sidelines. Cramer mentions nine earnings reports that might move things a little next week, but most of us are looking at bearish oil brackets and not much else as Libya dominates the landscape. Not for any real market reason, except that the unknown always freaks out the bigs.

Have a wonderful weekend marketeers.

[hamerfan]

64. Tanx

for the recap, Cap'n!