STOCK MARKET WATCH, Wednesday October 6

[ozymandius]

Source: du

STOCK MARKET WATCH, Wednesday October 6, 2010

AT THE CLOSING BELL ON October 5, 2010

Dow 10,944.72 +193.45 (+1.80%)
Nasdaq 2,399.83 +55.31 (+2.36%)
S&P 500 1,160.75 +23.72 (+2.09%)
10-Yr Bond... 2.47 -0.01 (-0.20%)
30-Year Bond 3.74 -0.01 (-0.13%)

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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

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

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

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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

07:00 MBA Mortgage Application 10/01
Briefing.com NA
Consensus NA
Prior -0.8%

07:30 Challenger Job Cuts Sep
Briefing.com NA
Consensus NA
Prior -54.5%

08:15 ADP Employment Change Sep
Briefing.com 20K
Consensus 18K
Prior -10K

10:30 Crude Inventories 10/02
Briefing.com NA
Consensus NA
Prior -0.475M

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

[Dr.Phool]

11. Unexpected! ADP -39,000

http://www.msnbc.msn.com/id/39533360/ns/business-eye_on_the_economy/


Challenger-Gray ain't looking so hot either.

[Robbien]

21. "A deceleration of employment occurred in all major sectors and for all sizes of payroll"

So we are calling it a Deceleration now are we?

Wonky words for a wonky world.

[ozymandius]

2. Oil rises above $83 as equities gain, dollar drops

SINGAPORE – Oil prices rose above $83 a barrel Wednesday in Asia amid rising global stock markets and a weakening U.S. dollar.

Oil prices broke out of a year-long $70 to $80 trading range last week as global stocks rallied and the U.S. dollar fell. Crude traders often look to stock markets as a measure of overall investor sentiment while oil becomes cheaper for investors with foreign currencies when the dollar drops.

A report showed U.S. crude supplies unexpectedly jumped last week — suggesting demand may be weaker than anticipated — weighed on crude prices.

The American Petroleum Institute said late Tuesday that crude inventories rose 4.4 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had forecast a drop of 1.3 million barrels. Inventories of gasoline and distillates fell, the API said.

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

[ozymandius]

3. Retail data: September sales edge up

NEW YORK – Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.

Clothing sales rose 3.8 percent, driven by children's and family clothing, which includes teen retailers, as stores offered back-to-school discounts.

Other positive categories included electronics, up 4.7 percent. In that category, most of the growth came in sales between $500 to $1,000, as well as under $25.

But luxury sales, excluding jewelry, fell by 5.4 percent from last year's already weak totals, losing ground despite recovery in the stock market — the S&P 500 rose 9 percent during the month.

http://news.yahoo.com/s/ap/20101006/ap_on_bi_go_ec_fi/us_retail_sales

[ozymandius]

4. Fed, ECB throwing world into chaos: Stiglitz

NEW YORK (Reuters) – Ultra-loose monetary policies by the Federal Reserve and the European Central Bank are throwing the world into "chaos" rather than helping the global economic recovery, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.

A "flood of liquidity" from the Fed and the ECB is bringing instability to foreign-exchange markets, forcing countries such as Japan and Brazil to defend its exporters, Stiglitz told reporters in a conference at Columbia University.

The U.S. dollar has weakened about 6.5 percent against a basket of major currencies since the beginning of September as prospects for further monetary easing by the Fed have led investors to seek higher returns elsewhere.

That flow of dollars caused currencies to appreciate in many emerging market countries such as Brazil, which offers strong growth prospects. The Japanese yen has also hit record highs against the dollar on expectation of additional greenback weakness.

http://news.yahoo.com/s/nm/20101005/bs_nm/us_stiglitz_economy

[ozymandius]

5. Global stocks rally again amid Fed easing hopes

LONDON – Global stock markets extended their rally Wednesday as investors remained hopeful that the Federal Reserve will introduce more monetary stimulus measures next month, even if economic data suggests the U.S. economy is not heading back into recession.

In Europe, the FTSE 100 index of leading British shares was up 50.16 points, or 0.9 percent, to 5,685.92 while Germany's DAX rose 60.08 points, or 1 percent, to 6,275.91. The CAC-40 in France was 36.36 points, or 1 percent, higher at 3,768.29.

The catalyst to the rally in global stock markets was the Bank of Japan's surprise decision Tuesday to cut its key interest rate to a range of zero to 0.1 percent. More importantly in the context of the world economy, the bank said it was paving the way for a 5 trillion yen ($60 billion) fund to buy government bonds and other assets to prop up the faltering Japanese economy.

The rebound in sentiment, which has seen some of the world's leading indexes hit multi-month highs, was evident in the currency markets, too, as the euro struck a fresh eight-month high against the dollar. Generally, when investors have a higher appetite for risk they move out of safer assets such as bonds and the dollar into stocks, oil and other potentially higher-reward currencies.

http://news.yahoo.com/s/ap/20101006/ap_on_bi_ge/world_markets

[ozymandius]

6. Facebook & Twitter used in stock fraud: U.S. prosecutor

USA v. Susser et al:

NEW YORK (Reuters) – Facebook and Twitter social networking sites were used to tout stocks in a classic "pump and dump" fraud of about $7 million that was uncovered during a cocaine-trafficking probe, U.S. prosecutors said on Tuesday.

Investigators discovered the fraud in a two-year probe of suspected trafficking by longshoremen and others of 1.3 tons of cocaine worth $34 million through the Port of New York and New Jersey officials said.

A statement by the Manhattan U.S. Attorney's office said 11 out of 22 people charged used more than 15 web sites, Facebook pages, and Twitter "feeds" to "defraud the investing public into purchasing stocks that were being manipulated by participants in the conspiracy."

None of the stocks were identified in court documents, which said more than $3 million was accrued in illegal gains by the accused and that shareholder losses amounted to more than $7 million.

http://news.yahoo.com/s/nm/20101005/bs_nm/us_socialnetwork_stockscheme

[ozymandius]

7. Oink

Wall Street Says Women Worth Less as Disparity Over Pay Widens

Women managers in finance, a group that includes bank tellers as well as executives, earned 63.9 cents for every dollar of income men earned in 2000, based on median salaries, according to Government Accountability Office statistics analyzed by Bloomberg. In 2007, the last year for which data are available, the figure was 58.8 cents. The 41-cent gap was the biggest in any of 13 industries surveyed by the GAO, and only two others had a widening disparity.

Goldman Sachs Lawsuit

It has been more than a decade since a case brought by Smith Barney brokerage employees served to dismantle Wall Street’s mandatory arbitration rules, Merrill Lynch & Co. was confronted with sex-discrimination claims from 900 women and Allison Schieffelin, a former bond saleswoman, filed a gender- bias suit against Morgan Stanley -- a case later settled for $54 million. Yet not a lot has improved for women in banking.

Last month New York-based Goldman Sachs was sued by three former female employees who say they faced discrimination in pay and fewer opportunities for promotion than men at the firm. One of the women claimed she had been pinned against a wall and groped by a male colleague after a 1997 outing that included a stop at Scores, a Manhattan topless bar.

One of the complaints in the Goldman Sachs case is that the proportion of female managers shrinks at higher levels. Women constituted 29 percent of the firm’s vice presidents, 17 percent of managing directors and 14 percent of partners in 2009, according to the complaint. Four of 30 members of the management committee and one of nine executive officers were women.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aGbRbPyrZSOs&pos=6

[tclambert]

9. Hmm, I always criticize the Taliban for their attitude towards women.

And look, closer to home, we have . . . Goldman Sachs.

I suspect GS wanted to have no space between the words "worth" and "less."

[Roland99]

12. Posted this related thread in GD last week

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=9221077

[ozymandius]

8. Have an easy day, folks.

:donut: :donut: :donut: And good morning. :hi:

[JNelson6563]

10. haha Great toon Ozy!

:hi:

[ozymandius]

27. Why, thank you.

:hi:

[Roland99]

13. Real estate downturn could last 8 years: IMF

http://www.marketwatch.com/story/real-estate-slump-could-last-8-years-imf-2010-10-06?dist=beforebell

The prospects in the global real estate sector are “dismal,” with a downturn that could last eight years, the International Monetary Fund warned Wednesday.

The IMF sees problems both in the “bust” countries, such as the United States, Spain and Ireland, and the “rebound” economies, such as the Asia-Pacific region, most Scandinavian countries, and Canada.

In the United States, residential investment remains severely depressed compared with past cycles, which the report said could be partly explained by the pattern in house prices and outstanding household debt. Making matters worse, the U.S. states where the house price bust was more pronounced are also where unemployment has increased the most.

“This relationship likely reflects the importance of the construction sector in these states’ economies as well as lower labor mobility resulting from problems in the housing sector,” the IMF said. Tax incentives in both the U.S. and the U.K. only temporarily increased activity.

[Dr.Phool]

14. Scheer: Hey Michelle, read my book!

http://www.truthdig.com/report/item/hey_michelle_read_my_book_20101005/#


Posted on Oct 5, 2010
AP / Charles Dharapak

Michelle Obama speaks during the Democratic National Convention in Denver in 2008.

By Robert Scheer

On Tuesday, I received yet another deceptively personal e-mail addressed to “Robert” from Michelle Obama asking me once again to contribute to the “amazing journey” toward “progress” that her husband has led.

“Fool me once,” I muttered, regretful of my previous contribution and even embarrassed to wear the artist-designed Obama for President T-shirt that I got in return. I was particularly annoyed by the first lady’s assurance that “You’re the reason we reined in Wall Street banks that were out of control,” since I have written a book and numerous articles asserting just the opposite.

I envy her blind spousal loyalty—my own mate is a bit less forgiving—but how in the world can she, or the hacks that ginned out this e-mail to millions on her behalf, make such an assertion without sensing the absurd? Surely she knows that this administration has thrown trillions at the banks in the wan hope that they would respond with increased liquidity and mortgage relief to improve the lot of struggling homeowners and the unemployed, who have received nothing in return.

There are 50 million Americans who have either lost their homes or are “under water” on their mortgages, and unemployment is stuck at close to 10 percent. The real number, which includes those who have given up looking for work, or who have been forced to take crummy jobs well below their skill set, is at least double.

But the official number is high enough to shock Charles Evans, president of the Federal Reserve Bank of Chicago. “In the last several months I’ve stared at our unemployment forecast and come to the conclusion that it’s just not coming down nearly as quickly as it should,” he told The Wall Street Journal on Monday, adding, “This is a far grimmer picture than we ought to have.” Pretty grim when you add the fact that there is now an all-time high of 43 million Americans living in poverty while Wall Street salaries and bonuses grow fatter.

Advertisement
Evans expressed a widespread concern over the developing “liquidity trap” in which the banks that have been saved from a disaster of their own making nonetheless refuse to lend as the president had hoped, and industries that have been made more secure through access to cheap money induced by the Fed don’t invest and rehire.

As for reining in the banks with his semblance of regulation over the out-of-control derivatives market that caused the greatest economic crisis since the Great Depression, the president admitted in an interview published in Rolling Stone last month that “People have legitimate concerns that if the rules drafted by all these various agencies in charge of implementing financial reform wind up with exceptions that are so big you can drive a truck through … you could end up with an inadequate regulatory structure.”

That’s exactly what will happen once the lobbyists get through working their buddies in the regulatory agencies. Obama made light of the concern expressed by Rolling Stone editor Jann Wenner that “when it comes to financial reform … your economic team is closely identified with Wall Street and the deregulation that caused the collapse … any of them worked for or were close to banks like Goldman Sachs.” In response, Obama observed, “Larry Summers didn’t work for Goldman Sachs,” which ignores the fact that Summers was paid almost $8 million by Wall Street firms while he was an adviser to candidate Obama—including one $135,000 lecture fee from Goldman.

Goldman alums and others from Wall Street hold key economic positions throughout the Obama administration. That includes former Goldman partner Gary Gensler, whom Obama selected to head the Commodity Futures Trading Commission, which has the key responsibility for derivatives regulation. In the Clinton administration it was Gensler as treasury undersecretary, along with his then-boss Summers, who led the fight against the regulation of derivatives and swaps.

His insistence that “swap transactions should not be regulated” under the existing Commodity Exchange Act was made law when President Bill Clinton signed off on the Commodity Futures Modernization Act, preventing any regulation of the toxic mortgages that the Fed is now stuck with.

The “no banker left behind program,” initiated by George W. Bush and continued by Obama, got a big boost Tuesday when Fed Chairman Ben Bernanke committed to adding to the more than $2 trillion in toxic derivatives assets that the Fed has already bought from the banks. Once again the suffering of homeowners is ignored while the bankers who fleeced them are made whole.

Until progressives break with Obama’s rosy perceptions, they will have nothing to offer as a retort to the tea-party faux populists who are effectively monopolizing the legitimate rage over the bailouts that have spread like wildfire throughout the land.

[Ghost Dog]

24. The “no banker left behind program” is good.

:)

[TalkingDog]

15. For People Who Have It All

[Hugin]

17. Here's some suggestions... Just for starters.

Gifts for them who has it-t-all.

* An iota of conscience.
* A bucket of soul.
* An pamphlet explaining that divine providence has nothing to do with their fortune.
* A gift-wrapped subpoena.
* A dram of humanity.
* A complementary DNA comparison illuminating the fact that they are no different from anyone else.
* A decorator inspired FRSP.
* A generous helping of humble pie.

I bet they've never gotten any of those before... ;)

[Dr.Phool]

18. For those who have it all...

Penicillin.

[Tansy_Gold]

20. You owe me a monitor!!!!!!!!!!!!!!

:spray:

[Festivito]

16. Debt: 10/04/2010 13,617,255,556,356.04 (UP 6,407,970,545.95) (Mon)

Debt: 10/04/2010 13,617,255,556,356.04 (UP 6,407,970,545.95) (Mon)
(Up a little. Good day.)
Early call, late return.
(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)
= 9,017,482,214,669.27 + 4,599,773,341,686.77
UP 259,208,393.70 + UP 6,148,762,152.25

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 310-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,221.57 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ 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 310,407,392 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 $43,868.98.
A family of three owes $131,606.94. (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 8,662,494,531.82.
The average for the last 30 days would be 6,063,746,172.27.
The average for the last 31 days would be 5,868,141,457.04.
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$/day.
There were 253 reports in 369 days of FY2011 averaging 6.75B$ per report, 4.63B$/day.
Above line should be okay

PROJECTION:
There are 839 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 18.5T$.
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)
10/04/2010 13,617,255,556,356.04 BHO (UP 2,990,378,507,442.96 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 +0,055,632,525,464.30 ------------* BHO
Endof11 +150,726,204,998,425.00 ------------* * I deleted the *'s, it's just too many at this point from a too small a base for projection at this time * * *

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/14/2010 +000,150,853,245.21 ------------********
09/15/2010 +064,417,149,283.94 ------------**********
09/16/2010 -036,646,694,679.28 -
09/17/2010 -000,203,034,896.34 ---
09/20/2010 +000,019,446,813.89 ------------******* Mon
09/21/2010 +000,509,875,602.04 ------------********
09/22/2010 -000,022,020,658.96 ----
09/23/2010 -008,701,405,875.05 --
09/24/2010 +000,034,117,767.19 ------------*******
09/27/2010 -000,066,407,812.28 ---- Mon
09/28/2010 +001,463,391,855.14 ------------*********
09/29/2010 +000,391,315,850.35 ------------********
09/30/2010 +058,907,978,013.89 ------------**********
10/01/2010 -005,585,417,177.51 --
10/04/2010 +000,259,208,393.70 ------------******** Mon

74,928,355,725.93 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=4564446&mesg_id=4564452

[Festivito]

25. Debt: 10/05/2010 13,624,352,674,172.79 (UP 7,097,117,816.75) (Tue)

(Up a little. Good day.)
Slept late, drove around.
(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)
= 9,018,180,023,701.53 + 4,606,172,650,471.26
UP 697,809,032.26 + UP 6,399,308,784.49

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 310-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,221.50 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ 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 310,414,592 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 $43,890.83.
A family of three owes $131,672.48. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 to 32 days.
The average for the last 22 reports is 8,591,341,044.77.
The average for the last 30 days would be 6,300,316,766.16.
The average for the last 32 days would be 5,906,546,968.28.
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$/day.
There were 254 reports in 370 days of FY2011 averaging 6.75B$ per report, 4.63B$/day.
Above line should be okay

PROJECTION:
There are 838 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 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)
10/05/2010 13,624,352,674,172.79 BHO (UP 2,997,475,625,259.71 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 +0,062,729,643,281.00 ------------* BHO
Endof11 +120,580,963,998,740.00 ------------* * *too many *s, projection will get smaller day by day* * *

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/15/2010 +064,417,149,283.94 ------------**********
09/16/2010 -036,646,694,679.28 -
09/17/2010 -000,203,034,896.34 ---
09/20/2010 +000,019,446,813.89 ------------******* Mon
09/21/2010 +000,509,875,602.04 ------------********
09/22/2010 -000,022,020,658.96 ----
09/23/2010 -008,701,405,875.05 --
09/24/2010 +000,034,117,767.19 ------------*******
09/27/2010 -000,066,407,812.28 ---- Mon
09/28/2010 +001,463,391,855.14 ------------*********
09/29/2010 +000,391,315,850.35 ------------********
09/30/2010 +058,907,978,013.89 ------------**********
10/01/2010 -005,585,417,177.51 --
10/04/2010 +000,259,208,393.70 ------------******** Mon
10/05/2010 +000,697,809,032.26 ------------********

75,475,311,512.98 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=4565744&mesg_id=4565890

[Roland99]

19. 10-year Treasuries at lowest since Jan. 2009

Treasurys add to gains as private payrolls fall
Two-year note yields retouch record low with 10-year under pressure
http://www.marketwatch.com/story/us-10-year-yields-lowest-since-january-2009-2010-10-06

Treasury prices extended gains on Wednesday, pushing 10-year yields to the lowest since January 2009, after ADP said companies unexpectedly cut 39,000 private jobs in September.

The report raised concerns that Friday’s more closely followed nonfarm payrolls report issued by the government may come in weaker and make it more likely that the Federal Reserve will announce a new bond-purchase plan — potentially mammoth in scale — to help support growth.

...

Yields on 10-year notes, which move inversely to prices, fell 6 basis points to 2.41%. A basis point is 0.01%. The benchmark security’s yields fell to 2.40% just after the report, the lowest since January 2009.

Yields on 2-year notes also slipped, down 2 basis points to 0.39%, the smallest on record.

[CountAllVotes]

22. K&R!

Off to the vet with my old kitty. *sigh*

:dem: :kick: & recommend.

[Roland99]

23. At the close - Reality is thinking about a divorce.

Dow 10,968 +23 +0.21%
Nasdaq 2,381 -19 -0.80%
S&P 500 1,160 -1 -0.07%
GlobalDow 1,988 +13 +0.65%
Gold 1,350 +9 +0.70%
Oil 83.30 +0.48 +0.58%
Euro /$1US 1.3928 +0.0092
$1US / Yen 82.9300 -0.2600
Pound / $1US 1.5877 -0.0011
Aud / $1US 0.9765 0.0052
10yr T-note 2.40 -0.08
2yr T-note 0.39 -0.02

[Po_d Mainiac]

26. At the close..The U$D lost another 0.4%

Over the last 3 months the purchasing power of the greenback lost 10% at the pump and grocery store

[Demeter]

28. For that, I think I'll go Back to Cleveland

[Dr.Phool]

29. Me too

After winter.

[Po_d Mainiac]

30. wimp

:hide:

[DemReadingDU]

31. I'm already in Ohio

:hi: