STOCK MARKET WATCH, Tuesday March 30

[ozymandius]

Source: du

STOCK MARKET WATCH, Tuesday March 30, 2010

AT THE CLOSING BELL ON March 29, 2010

Dow... 10,895.86 +45.50 (+0.42%)
Nasdaq... 2,404.36 +9.23 (+0.39%)
S&P 500... 1,173.22 +6.63 (+0.57%)
Gold future... 1,112 0.00 (0.00%)
10-Yr Bond... 3.87 +0.02 (+0.52%)
30-Year Bond 4.77 +0.02 (+0.42%)

---

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

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

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

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

---

---

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[ozymandius]

1. Today's Reports

09:00 Case-Shiller 20-city Index Jan
Briefing.com -1.0%
Consensus -0.6%
Prior -3.1%

10:00 Consumer Confidence Mar
Briefing.com 48.5
Consensus 51.0
Prior 46.0

http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

[Roland99]

15. oops...wrong spot.

[ozymandius]

2. Oil rises to near $83 as Asian equities gain

SINGAPORE – Oil prices rose to near $83 a barrel Tuesday in Asia, extending gains from the previous day fueled by a U.S. dollar drop and surging equity markets. ...
Crude prices have been buoyed by a yearlong rally of global stock markets. Oil traders often look to equity markets as a measure of overall investor sentiment.

The Dow Jones industrial average rose 0.4 percent Monday to its highest level since September 2008, and most Asian indexes rose Tuesday. The euro rose to $1.3520 on Tuesday from $1.3476 on Wednesday while the dollar was steady at 92.60 yen. ...

In other Nymex trading in April contracts, heating oil fell 0.54 cents to $2.12 a gallon, and gasoline gained 1.07 cents to $2.27 a gallon. Natural gas was steady at $3.909 per 1,000 cubic feet.

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

[dixiegrrrrl]

25. If oil traders look to equity markets for "investor sentiment"

and the markets are now proven to be rigged, then oil prices are artificial also.

The only thing real is every time I go to the store, the prices have gone up.

[ozymandius]

27. Only an idiot would consult stocks

to gauge future economic trends. Really - both factors are irrational.

[ozymandius]

3. Airlines climbing out of recession: IATA

GENEVA (Reuters) – Airlines are climbing out of recession with further strong increases for passenger travel and freight in February, industry association IATA said on Tuesday.

One sign of recovery was record capacity usage for passenger travel in February, traditionally the weakest month for air travel, the International Air Transport Association said. ...

Passenger demand in February was 9.5 percent higher than a year earlier, but supply increased by only 1.9 percent.

The result was a passenger load factor -- a measure of how full planes fly -- of 75.5 percent, or a February record in seasonally adjusted terms of 79.3 percent, IATA said.

Cargo demand grew 26.5 percent, said IATA, which estimates that 30 percent of world trade by value is moved by air freight, making its data an important indicator of global commerce flows and overall economic activity.

http://news.yahoo.com/s/nm/20100330/bs_nm/us_airlines_traffic

[ozymandius]

4. Fed's Evans very worried about U.S. unemployment

HONG KONG (Reuters) – The Federal Reserve's monetary policy is still appropriate because of high unemployment and minimal inflationary pressures in the United States, a Fed policymaker said on Tuesday.

Rates can stay low for an extended period and the Fed has various tools to prepare for higher interest rates once the economic recovery gathered momentum, Chicago Federal Reserve Bank President Charles Evans said. ...

Evans said the high unemployment rate was largely cyclical and should ease once the economic recovery spread but it would take much longer than hoped. ...

Evans said once the recovery gathered momentum the Fed would prepare for higher interest rates by sterilizing the excess reserves by paying higher interest rates on them, and by selling assets.

http://news.yahoo.com/s/nm/20100330/bs_nm/us_fed_evans

---

I suppose this is a watered down follow-up to yesterday's story concerning Bernanke's unsolvable riddle: why and how is there any recovery when unemployment remains so high.

[ozymandius]

7. The Mother of All Jobless Recoveries

....
This Cleveland Fed report "Are Jobless Recoveries the New Norm?" is a fascinating, lucid and distressing look at why unemployment is still at 9.7% and why it's not going down any time soon. Read the whole thing, if you have time. But here are three keys facts I want to pull out.

1. This is no longer a firing crisis. It's a hiring crisis.
Job openings are still in the toilet, CF reports. Here's a chart that makes that point ring loud and clear. These are numbers from the Bureau of Labor Statistics (in thousands). From left to right, we've got job openings, total unemployed in the labor force, and the ratio. ...

2. More demand won't fix the problem (at least initially).
The smart and common thing to say about jobs is that they will come back when demand for goods and services picks up. That's not exactly true. Demand is a key engine of employment, but the nearer obstacle is the slack in the job market. ....

3. Get ready for another jobless recovery.
The unemployment rate tells us what percent of the labor force does not have a job. It does not tell us whether Americans are unemployed because they just lost their job (indicated by a high job separation rate), or because they have been out of job for an extended period of time (indicated by a low job finding rate). Today half of unemployed 9.7% has been out of work for more than 27 weeks, the highest number on record. ....

http://www.theatlantic.com/business/archive/2010/03/the-mother-of-all-jobless-recoveries/38004/

[fasttense]

10. Well since Berniac (like maniac) is a student of the 1st RepubliCON Great Depression

He would know that a rise in GDP does not mean the economy has recovered and is creating jobs for the unemployed. In fact, the GDP began to grow in 1934, right smack in the middle of the depression. Yet unemployment took another seven long years before it dropped near 10%.

There is a huge pool of unemployed that has been created by this RepubliCON Great Recession even if the government does not count them. They may never recover.

[Po_d Mainiac]

12. But

In 1934 The US was a net exporter

The US was self sufficient Re energy (oil)

Workers in the cities that got canned could often return to the family farm

The economy was not based on 70% consumer spending

The US was not in hock up to its armpits

Currency was backed up with hard reserves

:donut: morning all

[Hugin]

18. I meant to comment on this yesterday, under the "Berniac don't understand unemployment" article.

It's pretty obvious that this "jobless recovery" is in part due to the wholesale offshoring of jobs. Except, ironically enough, within the Federal Reserve and 1%-ers.

If Berniac "M-O-T-Y" Buttloaf-for-Brains doesn't get that... Well, he's willfully ignorant to put it mildly. :grr:

[Tansy_Gold]

23. The FOAF reported yesterday

that there will be net 100,000 to 200,000 manufacturing jobs created per month beginning in April.

I think he's full of shit. I just don't see any kind of demand spurring that kind of job creation in that sector, when so much of the end-product large manufacturing -- cars, appliances, etc. -- is either offshored on its own or has offshored most of its subassembly and parts manufacturing. And up the chain, orders for manufacturing equipment aren't going to increase unless/until there's increased demand for the consumer products that equipment produces.

Am I making any sense? After all, I don't have a PhD in economics from a prestigious American university like the FOAF.


Tansy Gold

[dixiegrrrrl]

26. That t figure is right, Tansy.

Of course those jobs will not be in the USA.

did they neglect to add that?:sarcasm:

[Hugin]

28. Hmm... Quite coincidentally that number may coincide with the number of people who's unemployment...

EXPIRES!

:eyes:

Sickening.

[ozymandius]

5. Emerging-Market Stocks Climb to 10-Week High; Greek Bonds Drop

March 30 (Bloomberg) -- Emerging-market stocks rose to a 10-week high as oil traded above $82 a barrel on speculation the world economic recovery is strengthening, while Greek stocks and bonds fell after the government sold debt.

The MSCI Emerging Markets Index climbed 0.5 percent at 10:30 a.m. in London and the MSCI World Index of stocks in 23 developed markets rose for a fourth day. Futures on the Standard & Poor’s 500 Index were little changed. Crude oil held above $82 a barrel in New York trading. Greece’s seven-year notes sold yesterday lost value compared with German bunds.

U.S. payrolls may have increased by the most in three years in March, according to a Bloomberg survey of economists before a government report April 2, and consumer spending rose in February for a fifth month. Britain’s economy grew faster than economists had predicted in the fourth quarter, while Ireland was scheduled to announce plans to buy banks’ toxic assets. ...

The MSCI Asia Pacific Index climbed 1 percent to a 10-week high, the Shanghai Composite Index rose 0.2 percent and the Hang Seng China Enterprises Index of Hong Kong-traded shares jumped 1.6 percent.

The Stoxx Europe 600 Index rose 0.3 percent as people with knowledge of the situation said UBS AG, Switzerland’s biggest bank by client assets, generated about $2.3 billion of fixed- income revenue in the first quarter. Allied Irish Banks Plc plummeted 15 percent in Dublin for the biggest two-day drop in a year before a government report on bank capital requirements.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVlmkdUvkcWg&pos=2

[Demeter]

29. Is That the Birth-Death Job Model They Reference?

Because it's not like anyone actually physically counts anything, anymore.

[ozymandius]

6. Treasury's Citi sale: TARP's last hurrah?

.....
With the Citi sales and some other recently announced repayment plans, the government will have recouped more than $160 billion of the $204 billion it lent banks under the TARP capital purchase program.

But for all the happy news, TARP freedom may prove elusive for the biggest banks still in the program.

Eight banks, mainly regional lenders headquartered in the South and Midwest, still hold TARP loans of at least $1 billion. All have been losing money by the bucketful, and none is expected to turn an annual profit until 2011 at the earliest.

The bank with the biggest debt to Treasury is GMAC, the struggling auto lender turned home lender turned ward of the state. Other big banks still under the TARP include Regions Financial (RF, Fortune 500) of Alabama, Fifth Third (FITB, Fortune 500), KeyCorp (KEY, Fortune 500) and Huntington (HBAN) of Ohio and Zions (ZION) of Utah. ....

But with the big regional banks heavily exposed to the swooning commercial real estate sector, it's unlikely that such a sign-off is coming any time soon. SunTrust has lost money in five consecutive quarters. Analysts surveyed by Thomson Financial predict the bank will lose $1.44 a share this year. ....

http://money.cnn.com/2010/03/30/news/companies/banks.tarp.fortune/index.htm

[ozymandius]

8. SEC Launches Repo 105 Investigation

The Financial Times reports that the SEC has launched a probe into whether other financial firms used repos to engage in what amounted to financial fraud (as in fraudulent financial reporting), although perilous few are using the “F” word.

From the Financial Times:

US regulators on Monday asked more than 20 financial groups whether they engaged in transactions along the lines of “Repo 105” – an accounting device that helped Lehman Brothers conceal its high leverage ratio during the financial crisis.

The corporate finance division of the Securities and Exchange Commission wrote to chief financial officers of “close to two dozen” large foreign and domestic banks and insurers, demanding details of repurchase agreement deals.

The SEC probe includes whether companies booked repos as asset sales for accounting purposes over the past three years, and whether these deals were concentrated with certain counterparties or certain countries. Regulators also asked companies to quantify the amount of repos that were disclosed as asset sales and to explain the “business reasons” for use of these structures.

Yves here. While this is a welcome move, the open question is whether the SEC has sufficient reach to be effective. Repo 105 provides a template for one sort of violation, but how many other balance-sheet flattering games, involving God-knows-what jurisdictions, might have taken place? The SEC regulates broker-dealers, so for commercial banks with broker-dealer operations, its authority extends only to the US broker dealer operations. Even for the former investment banks, the SEC’s authority over the holding companies was tenuous. ....

While the SEC can supervise the holding company and unregulated entities, its scope of action is limited to preserving the health of regulated entities only.

http://www.nakedcapitalism.com/2010/03/sec-launches-repo-105-investigation.html

[ozymandius]

9. (Repost from yesterday) Half of Commercial Mortgages to Be Underwater: Warren

Quoting the CNBC interview:

By the end of 2010, about half of all commercial real estate mortgages will be underwater, said Elizabeth Warren, chairperson of the TARP Congressional Oversight Panel, in a wide-ranging interview on Monday.

“They are (mostly) concentrated in the mid-sized banks,” Warren told CNBC. “We now have 2,988 banks—mostly midsized, that have these dangerous concentrations in commercial real estate lending."

As a result, the economy will face another “very serious problem” that will have to be resolved over the next three years, she said, adding that things are unlikely to return to normalcy in 2010.

http://www.cnbc.com/id/36085517

[DemReadingDU]

17. Warren was on CNBC on 2/11/10 discussing CRE

2/11/10
In an interview on CNBC's Squawkbox this morning, COP chair Elizabeth Warren said simply, "Well it's bad." Then she explained, "We're looking at a situation where about half of all commercial real estate loans are going to be underwater by the end of this year, and that is going to have a direct impact on about 3,000 community banks, or about 40 percent of our entire banking system." Not good.

video
http://www.cnbc.com/id/35352337

[UpInArms]

11. dollar watch

http://quotes.ino.com/chart/?acs=NYBOT_DX&v=i

81.149 -0.209 (-0.27%)

Dollar slides as Greece issues government bonds

http://www.google.com/hostednews/ap/article/ALeqM5hiVtV2zuQIAFn_h-JnQjvVSfPTRgD9EOHH083

The dollar slid against the euro and the pound Monday as a Greek government bond issue further eased concerns about the country's debt problems.

Investors warmed up to the euro after Greece was able to raise 5 billion euros, or $6.74 billion, in a new seven-year bond issue. The sale reassured investors that Athens can still access bond markets. Still, the government's borrowing costs remain higher than it would like.

European leaders and the International Monetary Fund agreed last week to provide a safety net should Greece or other countries that use the euro have trouble selling debt to investors.

The euro, which fell to 10-month lows last week, climbed to $1.3463 in late afternoon trading in New York from $1.3401 late Friday.

The British pound rose to $1.4975 from $1.4892, while the dollar was unchanged at 92.54 Japanese yen.

The Commerce Department said Monday that consumers boosted their spending by 0.3 percent in February, marking the fifth straight monthly gain. That prompted investors to dump the low-yielding dollar for riskier bets.

At the end of the week, investors will get the Labor Department's monthly employment report, which is expected to show employers added jobs this month for only the second time since the recession began in December 2007.

...more...

Gold May Gain for Fourth Day as Weakening Dollar Spurs Demand

http://www.businessweek.com/news/2010-03-30/gold-may-gain-for-fourth-day-as-weakening-dollar-spurs-demand.html

Gold, little changed in London, may gain for a fourth day as a weakening dollar increases demand for the metal as an alternative investment.

The dollar was little changed against the euro after earlier falling as much as 0.4 percent as signs the global economy is improving damped demand for the greenback as a refuge. Gold typically moves inversely to the U.S. currency. Holdings in the world’s biggest gold-backed exchange-traded fund climbed to the highest level this year.

“The euro remains bid,” James Moore, an analyst at TheBullionDesk.com in London, said in a report. Gold “will be overall reliant on risk appetite for direction,” though may face short-term resistance near its 100-day moving average of about $1,120 an ounce, he said.

Gold for immediate delivery lost 19 cents to $1,109.53 an ounce at 11:23 a.m. local time. Bullion for June delivery was 0.1 percent lower at $1,110.10 on the Comex in New York.

Bullion rose to $1,109.75 an ounce in the morning “fixing” in London, used by some mining companies to sell production, from $1,107.50 at yesterday’s afternoon fixing. Spot prices are trading 9.5 percent below a record $1,226.56 set on Dec. 3.

...more...

[DemReadingDU]

13. Are people sleeping in this week?

Usually there are double digits of recommends by 8am
:shrug:

[Roland99]

14. Roland99 reporting for duty (and K&Ring to the Greatest)

[Demeter]

20. I did

I'm finally adjusting to Daylight Screwing Time. Got a lot of catch up sleep to do.

The Kid's birthday is tomorrow, and the frenzy she's worked herself up to is hard to stand. I can never make it as great as she wants it, but she is having two parties tomorrow, plus a whole month of little gifts already...but when the day is past, there's Easter...

Autism is very hard sometimes. It's that total lack of gradations--the ever-present NOW--- that wears me out.

[Tansy_Gold]

21. I rec'ed about 5:00 a.m. when I started to work.

I'm still working.

Ugh.


Tansy Gold

[Tansy_Gold]

22. P.S. My 5:00 a.m. is east coast 8:00 a.m.

You want me to get up EARLIER????????

:rofl:


TG

[DemReadingDU]

24. OMG. My 5:00 a.m. is your 2:00 a.m.

and my 5 am is my P90X exercise routine time, after which I get thoroughly worn out so I have to rest and read DU.
:)

[Roland99]

16. Index Futures: A hat trick of happy numbers

S&P 500 1,171 +2.50 +0.21%
DOW 10,841 +12.00 +0.11%
NASDAQ 1,966 5.50 0.28%

[Demeter]

19. Dilbert Strikes at the Heart of Emloyer/Employee Relations

http://dilbert.com/dyn_file/str_strip/86282/gif/strip.print/

[RUMMYisFROSTED]

30. 0.42%!

:woohoo:




:patriot:

[Roland99]

31. Closing numbers - Anyone up for some Duncan Sheik?

"I'm on a high, on a high...."

Dow 10,907 12 0.11%
Nasdaq 2,411 6 0.26%
S&P 500 1,173 0 0.00%
GlobalDow 2,025 +2 +0.12%
Gold 1,106 -6 -0.52%
Oil 82.47 +0.30 +0.37%

[Festivito]

32. Debt: 03/26/2010 12,685,893,723,805.70 (DOWN 1,676,429,218.23) (Fri)

(Down a little. Home internet has failed. Argh. Good day all.)

(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)
= 8,199,959,850,024.50 + 4,485,933,873,781.20
DOWN 521,947,711.23 + DOWN 1,154,481,507.00

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 309-Million person America.
If every American, man, woman and child puts in $3.24 each THAT'S 1B$.
A family of three: Mom, Dad, Child: $9.71, ABOUT TEN BUCKS for a 1B$ 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 10 seconds we net gain another American, so at the end of the workday of the report, there should be 309,083,358 people in America.
http://www.census.gov/population/www/popclockus.html ON 11/07/2009 08:19 -> 307,879,272
Currently, each of these Americans owe $41,043.6.
A family of three owes $123,130.8. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 21 reports in the last 30 to 28 days.
The average for the last 21 reports is 11,705,985,861.49.
The average for the last 30 days would be 8,194,190,103.04.
The average for the last 28 days would be 8,779,489,396.12.
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$/day.
There were 121 reports in 177 days of FY2010 averaging 6.41B$ per report, 4.38B$/day.
Above line should be okay

PROJECTION:
There are 1,031 days remaining in this Obama 1st term.
By that time the debt could be between 14.1 and 21.7T$.
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)
03/26/2010 12,685,893,723,805.70 BHO (UP 2,059,016,674,892.62 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 +0,776,064,720,294.00 ------------* * * * * * * * * * * * * * * * * * * BHO
Endof10 +1,600,359,451,453.73 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Linear Projection

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
03/08/2010 +000,260,238,586.47 ------------******** Mon
03/09/2010 +000,542,827,835.74 ------------********
03/10/2010 +000,295,703,179.30 ------------********
03/11/2010 +029,692,666,288.30 ------------**********
03/12/2010 +000,363,901,611.09 ------------********
03/15/2010 +060,487,338,970.60 ------------********** Mon
03/16/2010 +000,241,513,784.66 ------------********
03/17/2010 +000,318,864,879.69 ------------********
03/18/2010 +020,986,560,998.86 ------------**********
03/19/2010 +000,244,805,712.35 ------------********
03/22/2010 +000,662,784,714.13 ------------******** Mon
03/23/2010 +000,796,033,080.11 ------------********
03/24/2010 +000,495,755,553.04 ------------********
03/25/2010 +024,094,622,106.32 ------------**********
03/26/2010 -000,521,947,711.23 ---

138,961,669,589.43 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=4324212&mesg_id=4324689

[Festivito]

33. Debt: 03/29/2010 12,686,249,797,715.01 (UP 356,073,909.31) (Mon)

(Down a good bit. Good day all.)

(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)
= 8,199,927,347,284.93 + 4,486,322,450,430.08
DOWN 32,502,739.57 + UP 388,576,648.88

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 309-Million person America.
If every American, man, woman and child puts in $3.24 each THAT'S 1B$.
A family of three: Mom, Dad, Child: $9.71, ABOUT TEN BUCKS for a 1B$ 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 10 seconds we net gain another American, so at the end of the workday of the report, there should be 309,109,278 people in America.
http://www.census.gov/population/www/popclockus.html ON 11/07/2009 08:19 -> 307,879,272
Currently, each of these Americans owe $41,041.31.
A family of three owes $123,123.93. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 21 reports in the last 30 to 28 days.
The average for the last 21 reports is 8,510,158,802.57.
The average for the last 30 days would be 5,957,111,161.80.
The average for the last 28 days would be 6,382,619,101.93.
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$/day.
There were 122 reports in 180 days of FY2010 averaging 6.36B$ per report, 4.31B$/day.
Above line should be okay

PROJECTION:
There are 1,028 days remaining in this Obama 1st term.
By that time the debt could be between 14.1 and 19.2T$.
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)
03/29/2010 12,686,249,797,715.01 BHO (UP 2,059,372,748,801.93 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 +0,776,420,794,203.30 ------------* * * * * * * * * * * * * * * * * * * BHO
Endof10 +1,574,408,832,690.03 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Linear Projection

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
03/09/2010 +000,542,827,835.74 ------------********
03/10/2010 +000,295,703,179.30 ------------********
03/11/2010 +029,692,666,288.30 ------------**********
03/12/2010 +000,363,901,611.09 ------------********
03/15/2010 +060,487,338,970.60 ------------********** Mon
03/16/2010 +000,241,513,784.66 ------------********
03/17/2010 +000,318,864,879.69 ------------********
03/18/2010 +020,986,560,998.86 ------------**********
03/19/2010 +000,244,805,712.35 ------------********
03/22/2010 +000,662,784,714.13 ------------******** Mon
03/23/2010 +000,796,033,080.11 ------------********
03/24/2010 +000,495,755,553.04 ------------********
03/25/2010 +024,094,622,106.32 ------------**********
03/26/2010 -000,521,947,711.23 ---
03/29/2010 -000,032,502,739.57 ---- Mon

138,668,928,263.39 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=4325496&mesg_id=4326954