STOCK MARKET WATCH, Wednesday, March 23, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Wednesday, March 23, 2011

AT THE CLOSING BELL ON March 22, 2011

Dow 12,018.63 -17.90 (-0.15%)
Nasdaq 2,683.87 -8.22 (-0.31%)
S&P 500 1,293.77 -4.61 (-0.36%)
10-Yr Bond... 3.31 -0.02 (-0.51%)
30-Year Bond 4.42 -0.02 (-0.38%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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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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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

[Pale Blue Dot]

1. Today's Reports (one already in)

Mar 23 07:00 MBA Mortgage Index 03/18 +2.7% NA NA -0.7%
Mar 23 10:00 New Home Sales Feb 275K 288K 284K
Mar 23 10:30 Crude Inventories 03/19 NA NA 1.745M

Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1HQBr4MwV

[Pale Blue Dot]

32. New home sales 250k

That may leave a mark.

[DemReadingDU]

38. Indeed

From ZeroHedge
...Just the wrong kind of record. At just 250,000, this was the lowest annualized new home sales number ever. So on one hand you have a TV clown tell you the housing market bottomed in August 2008, on the other you have a pathological tax cheat Welcoming all to the Recovery, and on the mutated third hand (thank you Fukushima), reality continues to indicate that the biggest depression in history persists without abating.

http://www.zerohedge.com/article/recovery-hopes-surge-record-home-sales

[Pale Blue Dot]

2. Oil near $105 as traders eye Middle East upheaval

SINGAPORE – Oil prices hung near $105 a barrel Wednesday in Asia as violent uprisings in the Middle East kept traders nervous about possible crude supply disruptions.

Benchmark crude for May delivery was up 4 cents to $105.01 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.88 to settle at $104.97 on Tuesday.

The April contract, which expired Tuesday, climbed $1.67 to end at $104.

In London, Brent crude was up 18 cents at $115.88 a barrel on the ICE futures exchange.

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

[xchrom]

3. recommend

[Pale Blue Dot]

4. U.S. Stock-Index Futures Advance as Investors Await New Homes Sales Report

U.S. stock-index futures climbed as investors awaited a report that may show sales of new homes increased in February.

June contracts on the benchmark Standard & Poor’s 500 Index advanced 0.2 percent to 1,291.4 at 9:43 a.m. in London.

http://www.bloomberg.com/news/2011-03-23/u-s-stock-index-futures-advance-as-investors-await-new-homes-sales-report.html

If this article is correct, then if the sales of new homes actually decreased, we could be in for a bumpy ride today.

[xchrom]

5. U.S. futures edge higher; Adobe in focus Crude hovers around $105 a barrel; new home sales data ahea

http://www.marketwatch.com/story/us-futures-edge-up-ahead-of-housing-data-2011-03-23?dist=beforebell


LONDON (MarketWatch) — U.S. stock futures edged higher Wednesday as oil prices hovered around $105 a barrel, with Adobe Systems Inc. in focus after the software group reported a jump in profit, but cut its revenue outlook following the Japanese earthquake.

[rfranklin]

Fed officials see U.S. recovery taking hold (Double Dip Imminent?)

Fed officials see U.S. recovery taking hold
Tue, Mar 22 2011
By Kim Palmer and Sakari Suoninen

AKRON, Ohio/FRANKFURT (Reuters) - The U.S. recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks of inflation in the U.S. economy.

Cleveland Fed President Sandra Pianalto said she expects the U.S. recovery to continue at a moderate pace, with rising commodity and energy prices only temporarily putting pressure on broader consumer prices.

"The recovery seems to have established a firmer footing. I am seeing clearer signs of a virtuous cycle of growth," Pianalto said in a speech at the University of Akron.

Dallas Fed President Richard Fisher, speaking in Frankfurt, Germany, said the U.S. recovery was gathering momentum and needs no further Fed support.


http://www.reuters.com/article/2011/03/23/us-usa-fed-idUSTRE72L4ZQ20110323

[xchrom]

7. 'virtuous"? what's an un-virtuous cycle of growth -- is that different from the prostitutes there no...

[bread_and_roses]

9. Yeah, that word choice gave me a start too

...what the heck is a "virtuous" cycle of growth? Somehow, I don't think that usage comports with what I'd think of as "virtuous."

[tclambert]

12. I always thought people who confused making money with virtue were just stupid, but Tansy says

the Calvinists actually teach that wealth is a sign of God's blessing. What do they think Satan tempts people with? Other than sex. Haven't they ever heard of Faust? And Tommy in Oh Brother, Where Art Thou? sold his soul to the devil so he could "play this here guitar." (After all, he wasn't using it.) Can't they imagine that certain Republicans might sell their souls for cash or property? After all, Judas betrayed Jesus for 30 pieces of silver.

[alterfurz]

14. We may see the small value God has for riches...

...by the people he gives them to. -- Alexander Pope

[Tansy_Gold]

15. +1!

I don't have the quote on me at the moment, but I believe one of the definitions of a ideologue is a person who can hold two beliefs, each mutually exclusive, and believe both to be true at the same time.

I remember presenting the admonition against riches ("It's easier for a camel to go through the eye of a needle than for a rich man to get into heaven.") to a Presbyterian minister who was teaching Calvinist theology. His response was that nowhere does it say it's IMPOSSIBLE for a rich man to get into heaven, or that there's any limit on the size of the needle.

It pays to understand your enemy.

And yes, I see the "Calvinists" as my enemies.




TG, TT

[tclambert]

34. George Orwell called that doublethink.

Others call it cognitive dissonance, or hypocrisy, or being a good Republican.

[Tansy_Gold]

37. A rose by any other name. . . . . ;-)

[Demeter]

16. Maybe they meant "virtual"?

As in it's all in your mind and everybody's mind, even if it isn't true?

[bread_and_roses]

43. ROFL, good one! (n/t)

[xchrom]

6. Egypt stocks slump 10% as market reopens Trading subsequently suspended, according to reports

http://www.marketwatch.com/story/egypt-stocks-slump-at-open-trade-suspended-2011-03-23?dist=beforebell

TEL AVIV (MarketWatch) — Egyptian stocks tumbled nearly 10% Wednesday as the market reopened for the first time since late January.

The benchmark EGX 30 index (XX:EGX30 0.00, 0.00, 0.00%) sank nearly 10% and trading was subsequently suspended, according to media reports.

[xchrom]

8. Austerity leaves little wiggle room in U.K. budget

http://www.marketwatch.com/story/austerity-leaves-little-wiggle-room-in-uk-budget-2011-03-22?dist=beforebell

LONDON (MarketWatch) — Rising unemployment and an uncertain growth outlook aren’t expected to dissuade Chancellor of the Exchequer George Osborne from attempting to cut aggressively the government’s deficit when he delivers his budget plan Wednesday for the upcoming financial year.

Although the Conservative-Liberal Democrat coalition government's second annual spending plan is being dubbed a “budget for growth,” such terminology is “meaningless hype” given the fiscal straitjacket created by the government’s focus on slashing the budget gap, said Brian Hilliard, U.K. economist at Societe Generale.

[Ghost Dog]

45. Budget 2011: By the rich, for the rich

... Mr Osborne proclaimed: "Let it be heard clearly around the world - from Shanghai to Seattle and from Stuttgart to Sao Paolo - Britain is open for business."

In the name of the so-called "enterprise economy," he is also abolishing a whole raft of rules and regulations designed to protect workers and curb dodgy companies.

The shifty Chancellor declared with a flourish that he would raise an extra £1bn per year from tackling tax dodging - a fleabite compared with the £120bn lost in tax through evasion and avoidance according to tax officers' union PCS.

At the same time, he announced juicy tax incentives for big companies to stay based in Britain, boasting that this country would have the "most competitive tax system in the G20."

/... http://www.morningstaronline.co.uk/index.php/news/content/view/full/102631

--
... So there was a pot of gold to fund a limited range of tax giveaways after all – bankers, oil companies and energy companies. The announced cut in corporation tax is very welcome, but it will be more than recouped by additional business taxation elsewhere – on banks, oil and energy companies.

This was billed as a Budget for Growth, and a major tax reforming Budget out of the Nigel Lawson mould to boot. Instead it sounded much like one of Gordon Brown’s budgets – a little bit of give here, and a lot of takeaway somewhere else.

Perhaps I’m being unfair. There was quite a lot in here for ordinary business, and in particular SMEs, but the overall tax burden on business is not, on the face of it, being reduced. Increased taxes on bankers and energy ultimately find their way into charges to customers, so in the end we’ll all end up paying.

/... http://blogs.telegraph.co.uk/finance/jeremywarner/100009872/chancellor-targets-bankers-and-big-oil-for-extra-revenues/

--
If George Osborne had set up not the Office of Tax Simplification but the Office of Budget Speech Simplification, maybe today he would have said: "There's no money left, so we have to raise taxes. But only the working and middle classes really pay up, so we've also raised VAT, and now we're going to hit you with more income tax, although we're calling it national insurance in the hope you won't notice.

"There's also 1p off a litre of unleaded from tonight, and a small bung on your income tax, but not for another year. Fight among yourselves over the fact that we're whipping child benefit and tax credits away from some of the slightly better-off among you. See you next year, got to go and close some schools, hospitals and libraries. Bye."

/... http://www.guardian.co.uk/uk/2011/mar/23/budget-2011-tax-grab-george-osborne

[xchrom]

10. Oil and Energy Dominating Trader Moves

http://www.cnbc.com/id/42211900

Again, market moves were all about oil . As trader Joe Terranova first explained on Halftime, he thinks the path of least resistance in oil is higher.

As if the geo-political unrest in the Mideast wasn’t enough of a catalyst he sees a confluence of events coming together – and they’re all bullish oil.

[xchrom]

11. keep in mind this is cnbc -- so have you grain of salt ready

http://www.cnbc.com/id/15840232?video=1854676806&play=1


a discussion about supply chain disruptions as a result of the earthquake.

[tclambert]

13. Japan consumes oil. They don't produce it.

An earthquake there reduces the demand for oil as industry takes some days off. It doesn't affect production of oil at all. Logically, the earthquake in Japan should put downward pressure on oil prices.

But the excitement in Libya confuses things, too.

[AnneD]

44. If I consume any more grains of salt....

the Doc will double my BP meds.

[Demeter]

17. Is It a Full Moon? Seems Like All the Crazies Came Out of the Woodwork

That supermoon was last weekend...


I'll see your "virtuous" economic growth cycle and raise you one Paean to Reagan:

Reagan's Legacy and the Current Malaise by Steve Forbes

(NO, MR. FORBES HAS NOT SEEN THE LIGHT, HE'S STILL PUSHING THAT OLD-TIME RELIGION...}

http://online.wsj.com/article/SB10001424052748703858404576214373397037808.html?mod=WSJ_myyahoo_module

Today, the Ronald Reagan Presidential Foundation, the Manhattan Institute and The Wall Street Journal will host a morning seminar concerning the economic legacy of Ronald Reagan. The get-together couldn't be timelier.

Reagan came into the White House facing an economy as troubled as ours—one that had even higher unemployment, catastrophic interest rates (18% for mortgages) and a stock market that in real terms had fallen 60% from its mid-1960s levels. When he left office eight years later, the U.S. had become an economic miracle: 18 million new jobs had been created; Silicon Valley had blossomed, becoming a global symbol for innovation; and the stock market was experiencing a bull run that, despite dramatic ups and downs, didn't end until the turn of the 21st century, after the Dow had expanded 15-fold. The expansion of the U.S. economy exceeded the entire size of West Germany's economy, then the world's third-largest.

How did this happen? You could make the case that Reagan's economic miracle had its origins at a Washington, D.C., restaurant in 1974. That December night, 34-year-old University of Chicago professor, Art Laffer, scribbled a single—and now legendary—curve on a cocktail napkin to illustrate to a group of President Ford's advisers why a proposed plan to raise taxes would not increase government revenues. Mr. Laffer posited that deep cuts in existing tax rates would stimulate the economy and ultimately lead to far higher government revenues. Conversely, increase the tax burden and government receipts would fall below expectations because of a weaker economy.

Mr. Laffer's curve headed off the tax boost, but the Ford people did not accept the conclusion that big reductions in tax rates were just what the anemic U.S. economy needed. However, when Reagan met with Mr. Laffer and other like-minded thinkers several years later, he quickly grasped the Laffer Curve's fundamental message....


AND IT JUST GOES ON FROM THERE--IT'S DEJA VU ALL OVER AGAIN.

[xchrom]

20. ????? --- Pentagon Hires Contractors to Regulate Contractors

http://www.allgov.com/Top_Stories/ViewNews/Pentagon_Hires_Contractors_to_Regulate_Contractors_110318

Instead of keeping watch itself, the Department of Defense today relies on contractors to monitor the work of other contractors, a risk strategy that became cemented during the Iraq War thanks to a politically-connected—and powerful—company with ties to the Bush White House.


i wonder if they are publicly traded?

[xchrom]

21. portugal: 300,000 take to the streets against Government policies

http://www.algarveresident.com/story.asp?ID=40596

What began as a ‘low-cost’ online protest from students ended up by being a full-blown demonstration across Portugal’s main cities, such as Lisbon, Porto and Faro.

They were against the cuts, the corruption, the lack of answers and leadership, the Government, the European Union heads, the IMF and the ratings agency.

They were angry at the ‘jobs for the boys’, the millionaire salaries and bonuses, the greed of the banks, the incompetence and austerity measures and the lack of future security.


oy i responded to myself. idiot.

[Demeter]

25. I'm sure all trading is done in private

so the IRS and the regulatory agencies can't get a toehold.

[Fuddnik]

22. They should have called it the "Laugher Curve".

Because anybody who took Laffer seriously, should have been laughed out of town.

Unfortunately, the joke was on us.

[happyslug]

36. Every one who understood taxation and economics did call it the "Laugher Curve"

Laffer big argument was JFK's tax cut in the early 1960s (JFK cut the top tax rate from 90% to 70%), subsequent to that tax cut you had the longest boom in American History (Thus under Reagan, the Reagan/Bush "boom" was called the longest "Peacetime" boom in American History). The problem was JFK and then LBJ increase government spending so that the US ran deficits till 1969. For the Budget year of 1969 LBJ balanced the budget by RAISING taxes. LBJ made the tax "Temporary" so that whoever succeeded him would have to keep the high taxes OR run a deficit (The 1969 Fiscal year ran from July 1 1968 till June 30, 1969, remember 1968 was an election year). LBJ's position was simple, if a Democrat succeeded him, the Democrat would be just continuing what LBJ did, but if a Republican succeeded LBJ, the Republican (and the bet was on Nixon from the start) would have to go against any GOP attack in the tax increase and the GOP attacks on the deficit. In effect LBJ put Nixon in a bind, Nixon then decided that running a deficit was less politically harmful then raising taxes OR cutting back the war in Vietnam. By 1971 the economy was in shambles do to Nixon's refusal to do what LBJ had done in 1969, so Nixon had to take the US off the Gold Standard for Nixon did NOT want to increase taxes NOR pull out of Vietnam, debasing the currency became the preferred option.

Back to Laffer, as you can see, Laffer curve depended on the boom of the 1960s, a boom produced by several factors:
1. The Recession of 1957 had bottomed out the economy and set the economy for the boom.
2. Increase Government spending for the Space Race, the War in Vietnam and the War on Poverty (One of the causes of the bust of the 1970s was the drop in spending in all three areas).
3. The Baby bust of the Great Depression and WWII had produced a shortage of workers till 1965 when the first baby boomers entered the job market (and were subject to the Draft for Vietnam, delaying the affect till 1968 and afterward). This shortage of workers continued till Nixon followed LBJ decision in 1968 to withdraw troops from Vietnam and reduce the size of the Army. This lead to a steady stream of new workers into the work force, at increasing numbers (The baby boom peak year was 1957, so they entered the work force about 1975). These Baby boomers could NOT find jobs (More and more went to collage so the increase in unemployed was stenched out by another four years by the mid 1970s). This movement into the work force was a big cause of the unemployment of the mid 1970s and the subsequent recessions of the 1970s.

Thus you can see, the boom of the 1960s had little to do with JFK's tax cuts and had more to do with the shortage of workers (The baby boomers did not enter the work force in mass till after 1968) and the increase government spending. Most other economists accept this to be the case, Laffer rejected it and put the whole grounds for the boom of the 1960s on JFK's tax cut. He used it to justify his call to reduce the top rate to 35% which is what Reagan did in his Tax Reform Act.

[xchrom]

18. Futures Drift Lower on Global Concerns

http://www.cnbc.com/id/42226377

Stock index futures slumped ahead of the open Wednesday after Tokyo stocks once again tumbled and the crisis at the tsunami-hit nuclear power plant north of Tokyo appeared far from over.


The United States became the first nation to block some food imports from Japan and Japanese authorities advised against allowing infants to drink tap water in Tokyo due to raised radiation levels.

[Demeter]

19. China grabs Latin America, well ahead of Obama's outreach

http://www.csmonitor.com/World/Americas/2011/0321/China-grabs-Latin-America-well-ahead-of-Obama-s-outreach

In the past year, China has secured some $65 billion in regional deals. President Obama's current visit to Latin America is seen as a counteracting move...President Obama's current visit to Latin America is widely seen as a move to counteract the rising influence of China, which is in the midst of an unprecedented energy grab in the oil- and mineral-rich region.

From oil to refineries, China is capturing and integrating Latin America as much as it can, securing at least $65 billion in deals throughout the region since 2010. The deals are expected to eventually translate into at least a million barrels of crude oil and refined products per day and growing markets on both sides of the continent.

The grab is not only unprecedented but also a significant game-changer in China’s rise as a world power, especially because the US plans to increasingly meet its own energy demand with Latin American oil, setting the stage for a future competition between both countries.

“Latin America is very important for China. I think that it’s as important as Africa,” which in 2009 supplied roughly 30 percent of China’s oil imports, says Keun-Wook Paik, an expert in the Chinese overseas energy expansion at the London-based think tank Chatham House. Latin America supplied about 2.5 percent of China's oil imports in 2009.

Brazil’s cool reception to Mr. Obama this past weekend contrasts with China’s quiet but effective cash diplomacy in the region, home to the world’s second-biggest reserves after the Middle East. The Chinese yuan is contesting US hegemony by funding stadiums and dams and investing billions in strategic sectors....

[xchrom]

23. one might think our billionaires would have off set this:

'Brazil’s cool reception to Mr. Obama this past weekend contrasts with China’s quiet but effective cash diplomacy in the region, home to the world’s second-biggest reserves after the Middle East.'

after all -- a lot of our 'multi-nationals' are embedded in south america.

[Demeter]

27. They are parasites

and the host has found strong medicine from Dr. Chavez and associates.

[plumbob]

39. Funny how when China BUYS something, it's called a "grab."

But when the US bombs for something, that's some kind of liberation or freedom or dawn or somethin'.




Ain't that sumthin?

[Demeter]

24. CRYSTAL BALL SAYS:

While the game is over, the mesmerized players are still in a state of disbelief. They think they can shake the pinball machine enough to keep the ball out of the gutter for another round. Well, they are no TOMMY-PINBALL WIZARD!

No, the game truly is over. Globalism is dying of its insupportable contradictions: the Middle East prisoners of oil and sweatshops revolt, the Japanese miracle is swept out to sea, shaken to its foundations, AND irradiated with deadly radioactive materials for good measure. The US and UK economies are hollowed out like moldy orange rinds, and the middle class consumer base for multinational corporations has evaporated like water in the desert TPTB created.

And to add insult to injury--the fiat currencies of the world are inflating to toilet paper status.

Survivors of this devolution will be those that reach down to the roots of reality: food, shelter, family, community, local production and consumption and most of all: recycling, regeneration, sustainability. I hope that violence will not be needed, as the Corporate State withers away (where have we heard that notion before?), but I won't bet on it.

MARX:

Stateless communism, also known as pure communism, is the post-capitalist stage of society which Karl Marx predicted would inevitably result from the development of the productive forces. Stateless communism is closely related and connected to world communism.

Strictly speaking, pure communism is a stage of social development where material and productive forces are advanced to a degree where actual freedom (freedom from necessity, and thus from wage labor and alienation from work) for every person is possible. The state apparatus becomes redundant because classes cease to exist...

http://en.wikipedia.org/wiki/Stateless_communism

[xchrom]

26. +1

[Tansy_Gold]

29. ditto. ;-)

(I think you're further east than I am and get to see everything first)


:hi:

[Demeter]

42. I get up earlier, for sure

and that's only when I can actually fall asleep...

[DemReadingDU]

33. +++

There is so much going on, and difficult to get the truth about any of it. Spin, spin, spin to make us think that there is nothing to worry about. Maybe that's the plan. Then boom, for the biggest shock, whenever we least expect it.

[Fuddnik]

40. I feel sorry for Ohio.

It seems to be working out that John Kasich is a much bigger jerk than Rick Scott. I think the difference being that Kasich has been a practicing fascist for a while now, and Scott just got promoted from his apprenticeship.

[Demeter]

28. Europe Sets Pact on Bailout Fund

http://online.wsj.com/article/SB10001424052748704355304576214892948009676.html?mod=dist_smartbrief

European finance ministers sealed a detailed agreement establishing a new bailout fund able to lend €500 billion, or about $710 billion, to troubled euro-zone countries.

The new fund will start operating in 2013 to replace the current, temporary fund. The key difference: The new fund requires the 17 euro-zone countries to put up €80 billion in cash. The temporary vehicle relies only on loan guarantees and didn't require the countries to put up any cash.

The new fund also will require countries to commit to providing an additional €620 billion in capital, if needed, to secure a top credit rating.

The construction of the bailout fund was one of several pieces to make up what European governments have described as a broad program to attack the sovereign-debt crisis...

AND ANOTHER SHELL GAME SETS UP ON EURO STREET...

[xchrom]

35. oy. nt

[Demeter]

30. Republican hopefuls race to sever links with the past

Republican candidates racing to win the right to challenge Barack Obama in the 2012 US presidential poll are scrambling to shed positions that would lose them support with the party’s increasingly conservative base

Read more >>
http://link.ft.com/r/G8OTZZ/40TN10/9MEOW/72BAZ0/6VL3B5/MQ/t?a1=2011&a2=3&a3=23


EVERYBODY, INTO THE CLOSET! I'M TRYING O IMAGINE SHRINKING THE GOP TO PINHEAD SIZE....HOW MANY CANDIDATES CAN DANCE ON THE HEAD OF THAT PIN?

[Fuddnik]

41. The real question is, can we drown them in a bath tub?

[Demeter]

31. Sherwood to head Goldman partnership body

Goldman Sachs has named Europe co-head Michael Sherwood chairman of its partnership committee, the influential group charged with shaping future bank leaders

Read more >>
http://link.ft.com/r/19JYUU/PRYWKO/A5Q0X/S3EPL4/BM8HMH/4O/t?a1=2011&a2=3&a3=23

GIVES NEW MEANING TO "THE MEN OF SHERWOOD", DOESN'T IT?

[hamerfan]

46. K&R!

But I got nothin'.....
hamerfan

[Festivito]

47. Debt: 03/21/2011 14,228,193,126,138.72 (UP 3,330,705,219.39) (Mon, DOWN a little.)

(Good day.)
A whole day has gone by and I'm just getting started.
(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)
= 9,605,221,355,491.66 + 4,622,971,770,647.06
DOWN 100,873,734.64 + UP 3,431,578,954.03

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 312-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,209.07 makes 1T$.
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 311,616,992 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 $45,659.23.
A family of three owes $136,977.7. (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 4,921,964,111.78.
The average for the last 30 days would be 3,445,374,878.25.
The average for the last 31 days would be 3,334,233,753.14.
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$/day.
There were 118 reports in 172 days of FY2011 averaging 5.65B$ per report, 3.88B$/day.
Above line should be okay

PROJECTION:
There are 671 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)
03/21/2011 14,228,193,126,138.72 BHO (UP 3,601,316,077,225.64 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 +0,666,570,095,247.00 ------------* * * * * * * * * * * * * * * * BHO
Endof11 +1,414,523,748,634.62 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
03/01/2011 -002,977,641,960.04 --
03/02/2011 +000,044,996,229.28 ------------*******
03/03/2011 +008,400,855,808.94 ------------*********
03/04/2011 +000,116,571,384.45 ------------********
03/07/2011 +000,111,602,744.60 ------------******** Mon
03/08/2011 +000,276,984,022.19 ------------********
03/09/2011 +000,555,472,651.94 ------------********
03/10/2011 -020,814,859,511.27 -
03/11/2011 +000,832,058,508.78 ------------********
03/14/2011 +000,380,093,829.66 ------------******** Mon
03/15/2011 +066,006,214,426.70 ------------**********
03/16/2011 +001,148,655,957.01 ------------*********
03/17/2011 -014,916,428,437.31 -
03/18/2011 +000,616,236,061.23 ------------********
03/21/2011 -000,100,873,734.64 --- Mon

39,679,937,981.52 Total of 15 above reports.

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

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

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4782267&mesg_id=4782587

[Festivito]

48. Debt: 03/22/2011 14,233,559,283,692.40 (UP 5,366,157,553.68) (Tue, UP a little.)

(Good day.)
Soon for beddy-bye.
(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)
= 9,605,587,421,665.94 + 4,627,971,862,026.46
UP 366,066,174.28 + UP 5,000,091,379.40

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 312-Million person America.
If every American, man, woman and child puts in $3.21 THAT'S 1B$, and $3,208.99 makes 1T$.
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 311,624,192 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 $45,675.4.
A family of three owes $137,026.2. (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 5,000,125,525.23.
The average for the last 30 days would be 3,500,087,867.66.
The average for the last 28 days would be 3,750,094,143.92.
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$/day.
There were 119 reports in 173 days of FY2011 averaging 5.65B$ per report, 3.88B$/day.
Above line should be okay

PROJECTION:
There are 670 days remaining in this Obama 1st term.
By that time the debt could be between 15.2 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)
03/22/2011 14,233,559,283,692.40 BHO (UP 3,606,682,234,779.32 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 +0,671,936,252,800.70 ------------* * * * * * * * * * * * * * * * BHO
Endof11 +1,417,668,972,672.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
03/02/2011 +000,044,996,229.28 ------------*******
03/03/2011 +008,400,855,808.94 ------------*********
03/04/2011 +000,116,571,384.45 ------------********
03/07/2011 +000,111,602,744.60 ------------******** Mon
03/08/2011 +000,276,984,022.19 ------------********
03/09/2011 +000,555,472,651.94 ------------********
03/10/2011 -020,814,859,511.27 -
03/11/2011 +000,832,058,508.78 ------------********
03/14/2011 +000,380,093,829.66 ------------******** Mon
03/15/2011 +066,006,214,426.70 ------------**********
03/16/2011 +001,148,655,957.01 ------------*********
03/17/2011 -014,916,428,437.31 -
03/18/2011 +000,616,236,061.23 ------------********
03/21/2011 -000,100,873,734.64 --- Mon
03/22/2011 +000,366,066,174.28 ------------********

43,023,646,115.84 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=4783560&mesg_id=4784883