STOCK MARKET WATCH, Friday, July 8, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Friday, July 8, 2011

AT THE CLOSING BELL ON July 7, 2011

Dow 12,719.49 +93.47 (+0.73%)
Nasdaq 2,872.66 +38.64 (+1.35%)
S&P 500 1,353.22 +14.00 (+1.03%)
10-Yr Bond... 3.16 +0.02 (+0.51%)
30-Year Bond 4.38 +0.01 (+0.30%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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

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

Handy Links - Government Issues:
LegitGov    Open Government    Earmark Database    USA spending.gov

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

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

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

Financial Sector Officials Convicted since 1/20/09 = 12

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http://l.yimg.com/bt/api/res/1.2/vgDwviTjnMU7iG261eoRFw--/YXBwaWQ9eW5ld3M7Zmk9Zml0O3E9ODU7dz05NTA-/

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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 - employment

Jul 08 08:30 Nonfarm Payrolls Jun 75K 80K 54K
Jul 08 08:30 Nonfarm Private Payrolls Jun 95K 110K 83K
Jul 08 08:30 Unemployment Rate Jun 9.2% 9.1% 9.1%
Jul 08 08:30 Average Workweek Jun 34.5 34.4 34.4
Jul 08 08:30 Hourly Earnings Jun 0.2% 0.2% 0.3%
Jul 08 10:00 Wholesale Inventories May 1.0% 0.9% 0.8%
Jul 08 15:00 Consumer Credit May $3.0B $3.5B $6.2B

Read more: http://www.briefing.com/investor/calendars/economic/2011/07/04-08/#ixzz1RVn5PwEk

[xchrom]

12. Hiring likely improved in June as economy picks up

http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-07-08-00-03-46

WASHINGTON (AP) -- June may turn out to have been a good month to find a job after all.

Economists expect hiring to have improved significantly from May, when the economy added just 54,000 jobs.

The consensus forecast predicts only 90,000 jobs were added in June, according to a survey by FactSet. But a batch of strong economic data this week has inspired some last-minute upward revisions.

Many economists now estimate that employers added at least 120,000 jobs. And some are predicting as many as 200,000 net new jobs for June. The unemployment rate is expected to stay at 9.1 percent.



***what kind of jobs & @ what pay?

[DemReadingDU]

14. Obama to issue statement on US monthly jobs report at 10:35 a.m. ET

What does Obama know?

[xchrom]

16. well that's curious. nt

[Po_d Mainiac]

19. One wood assume yesterdays report

Which ran opposite against the job cuts numbers, Un-employment Rate and Consumer Credit reports that came out earlier this week. This could be about as important an announcement as Bidden's "bikini" chart (which has since turned into one resembling a real fat ass) and Cramer's housing bottom call.

[Po_d Mainiac]

23. canceled due to telepromter malfunction in 3-2- n/t

[Pale Blue Dot]

30. I just think that this report is SO bad, he can't NOT speak about it.

He won't say anything new. Probably something along the lines of "We need to take care of the debt ceiling so that we can begin to focus on jobs." Perhaps he'll concede something else to the Republicans while he's at it.

[Po_d Mainiac]

36. Maybe he'll finally address the real problems

Roll back to the pre Raygun tax rates and quit trying to conquer the world....There, budget balanced.

[Fuddnik]

46. He did. With the same old wrong solutions.

Free trade agreements, tax cuts, blah, blah, blah.

[Demeter]

52. Po, You're Such a Card!

I miss that humor (and the steamers and cheap lobster...would you believe $15/lb?)

[Po_d Mainiac]

60. It was cool enough yesterday morning for the dog to leave a steemah

I got a couple lobstahs (at the dock) for $4.75 per yesterday afternoon

[Demeter]

51. Not Much

don't think his left hand knows what the right hand is doing, or cares, either.

[DemReadingDU]

18. Unemployment rate rises to 9.2%, lower-than-expected 18,000 jobs added

Uh oh


edit to add link

7/8/11 Hiring slowed to a near-standstill in June
U.S. employers added just 18,000 jobs -- the fewest in nine months

Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent.

The Labor Department says the economy generated only 18,000 net jobs in June. And the number of jobs added in May was revised down to 25,000. “Any way you cut this data, it’s lousy,” Diane Swonk, a senior managing director and chief economist for Chicago-based Mesirow Financial, told CNBC Friday.

High gas prices and supply-chain disruptions stemming from the Japan crisis and the weak housing market have slowed the economy. Average hourly wages declined last month. After-tax incomes, adjusted for inflation, have been flat this year.

Businesses added the fewest jobs in more than a year. Governments cut 39,000 jobs. Hiring has slowed sharply in the past two months. The economy added an average of 215,000 jobs per month in the previous three months.

http://www.msnbc.msn.com/id/43682716/ns/business-stocks_and_economy/


edit for Reuters link


7/8/11 Jobs barely rise, dashing hopes of economic revival

WHITE HOUSE HEADACHES

Signs the labor market is struggling is a major blow for the Obama administration, which has struggled to get the economy to create enough jobs to absorb the 14.1 million unemployed Americans.

The economy is the top concern among voters and will feature prominently in President Barack Obama's bid for re-election next year. So far, the economy has regained only a fraction of the more than 8 million jobs lost during the recession.

more...
http://finance.yahoo.com/news/Jobs-barely-rise-dashing-rb-264540871.html?x=0&sec=topStories&pos=main&asset=&ccode=

[xchrom]

20. yikes. nt

[Po_d Mainiac]

21. Rut Roo is a big ayuh. n/t

[Pale Blue Dot]

31. More Records: Average Duration Of Unemployment; People Not In Labor Force Who Want A Job

Two more self-explanatory charts: the number of people not in the labor force who want a job now surged to a fresh all time high 7,124 or up by a whopping 303K, while the average duration of unemployment also is at a new record of 39.9 weeks.

http://www.zerohedge.com/article/more-records-average-duration-unemployment-people-not-labor-force-who-want-job-now-both-all-

Charts at the link.

[DemReadingDU]

34. Wow

not good at all
:(

[Johnny Harpo]

49. That's 360 Jobs Per State.....

here in Ohio..that works out to about 4 jobs per county.

[Fuddnik]

25. I guess they were wrong all the way around.

Completely unexpected.

[xchrom]

27. we're so good @ 'surprise' -- we could export it.

[Hawkowl]

56. At least they are consistent

Stay the course and all that. Obama's men keep parroting disaster capitalism with talks of job creation by reducing deficits, hints at austerity (although they won't use that term), and Free Trade agreements.

It isn't so much that they are wrong solutions. It is the fact that Obama is PROMOTING as solutions some of the very causes of our economic problems.

I really am staggered by this, and I was an Obama skeptic from the beginning. I've completely written off 2012 and am looking forward to 2016.

[Pale Blue Dot]

2. Oil hovers below $99 ahead of key US jobs data

SINGAPORE – Oil prices hovered below $99 a barrel Friday in Asia ahead of key jobs data from June that could shed light on the strength of the U.S. economy.

Benchmark oil for August delivery was down 4 cents to $98.63 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $2.02 to settle at $98.67 on Thursday.

In London, Brent crude fell 72 cents to $117.87 per barrel on the ICE Futures exchange.

Traders will be closely eyeing the Labor Department's monthly employment report scheduled for release before the U.S. market opens later Friday. Economists estimate the unemployment rate will remain at 9.1 percent and that employers added 90,000 jobs last month.

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

[Loge23]

22. Here we go again, ga$ drop over.

Prices are beginning to inch up again at the pumps.
Clearly, there is a complete disconnect at this point on supply & demand in the retail gasoline price.

[hamerfan]

29. Yep, over.

Gas is up 20 cents/gallon here from its cheapest point last week, to $3.57 for regular unleaded self-serve.

[Pale Blue Dot]

3. U.S. Stock Futures Little Changed Before Jobs Data; Google Drops

U.S. stock futures were little changed before a report that may show the world’s largest economy added more workers in June, with the Standard & Poor’s 500 Index heading for a second week of gains.

Google Inc. (GOOG), the world’s largest Internet-search company, dropped 1.8 percent in early trading as Morgan Stanley downgraded the shares. SemiLEDs Corp., a maker of light emitting diode chips in Taiwan, slumped 15 percent after its forecast trailed estimates.

Futures on the S&P 500 expiring in September fell less than 0.1 percent to 1,350.6 at 10:23 a.m. in London. Futures on the Dow Jones Industrial Average advanced 1 point, or less than 0.1 percent, to 12,682.

“The focus is on the U.S. employment figure,” said Luis Benguerel, a trader at Interbrokers Espanola SA in Barcelona, Spain. “Everything is pointing to a better-than-expected figure. Any disappointment will weigh heavily on markets following gains in the past 10 days.”

http://www.bloomberg.com/news/2011-07-08/u-s-stock-index-futures-are-little-changed-before-jobs-data-google-drops.html

[DemReadingDU]

24. Oops, DOW -103

http://money.cnn.com/data/premarket/

[Fuddnik]

26. Changed a little more after the report.

Sorry folks, I'm getting a little more cynical and snarky as the days go on.

All this good news has my little heart warmed to the max.

[DemReadingDU]

28. a little?

Before report Dow +35
:crazy:


Actually, how much longer can this administration spin news to be good

[Demeter]

53. Remember: Markets can be irrational longer than you can stay solvent?

Well, REALITY can persist much longer than you can stay delusional....

First is Keynes, second is Demeter!

[Fuddnik]

59. Don't go getting all philosophie on us!

We ain't all that smart.

[Roland99]

32. heh

[Pale Blue Dot]

4. U.S. Earnings May See Smallest Gain in 2 Years

U.S. corporations are set to report the slowest earnings gain since the recession ended as companies from Ford Motor Co. (F) to McDonald’s Corp. (MCD) struggled with rising oil and commodity prices and a slowdown in consumer confidence that may continue to hamper spending this year.

Earnings per share for all Standard & Poor’s 500 Index companies rose 13 percent in the second quarter, according to analysts’ estimates compiled by Bloomberg. Profits gained 18 percent in the first quarter after jumping 37 percent in 2010.

“We aren’t going to see the dramatic increase we’ve seen in some quarters,” said John Carey, who helps manage $260 billion for Pioneer Investment Management Inc. in Boston. “Consumer spending got hammered a bit because of higher oil prices and we have also seen a drop in consumer confidence, which maybe hurt numbers.”

While rising oil prices likely boosted profit at Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) to their highest levels in almost three years, they led to increasing costs at retailers such as Wal-Mart Stores Inc. (WMT), airlines and carmakers worldwide.

http://www.bloomberg.com/news/2011-07-08/corporate-earnings-poised-for-smallest-gain-in-2-years-in-u-s-.html

[Pale Blue Dot]

5. May I brag?

Some of you may know that I'm a middle school teacher (language arts) in one of the poorest cities in America. While I hate the idea of mandated testing (particularly how it's used to target teachers), it is the reality right now. I'm very lucky to work at a school - one of the only ones left in the state - that does not teach to the test. Ironically, the only way we can continue to do that is by keeping our test scores high.

Last night we got the results of the testing, and my students had the highest scores in the history of my school! Almost all of my students had huge gains in reading skills. While I still question the validity of this one snapshot, this DOES mean that my job is very safe and I can continue to teach in the way that I believe will be of most benefit to my students. I'll also admit that it's nice to have this one data point saying "You're a good teacher."

Anyway, I just wanted to share. I'm happy today. :-)

[Po_d Mainiac]

6. Congrats are in order

:salute:

[Fuddnik]

7. Good job!

[xchrom]

8. ...

:applause:

[DemReadingDU]

13. Congrats to you!

Your students must feel very proud too!

[hamerfan]

15. Woo-Hoo!

:woohoo:
I, for one, was not "surprised" at the "unexpected" results. Guess I'll never be an economics expert.
Congrats, PBD!
:bounce: :yourock:

[Tansy_Gold]

33. My heroes have always been teachers

:yourock:

[Loge23]

35. Good work PBD!

Especially notable since you also put a significant effort forth for this page everyday AND the fact that you accomplishing this success while swimming upstream (the 3R's are all going down the drain fast in this country it seems).
My wife is a college professor (nursing). She recently notated, in long-hand, a student's patient care form. The student matter-of-factly informed her instructor that he/she does not "read" cursive! Yikes!

[westerebus]

38. Bravo!!

[bahrbearian]

40. You're a good teacher..

[plumbob]

42. As a high school teacher who works mostly with students who speak

English as a second language, may I say thank you?

Reading is the key to everything, and the sooner the better!

[Demeter]

54. Way to go, PBD!

[Hawkowl]

57. Hurray!

It is a tremendous accomplishment to get such results all across the board. Teaching is HARD.

[Ghost Dog]

62. Absolutely. n/t

[xchrom]

9. europe: European shares rise, debt fears cap gains

http://uk.reuters.com/article/2011/07/08/markets-europe-stocks-idUKL6E7I80QW20110708

LONDON, July 8 (Reuters) - European shares were higher at midday on Friday on hopes for a strong reading for a key U.S. labour market data, with fears of debt contagion in the euro zone periphery capping gains and pressuring bank sector stocks.

Trading volumes were strong on Italy's FTSE MIB which fell 1.9 percent, and on Portugal's PSI 20 and Spain's IBEX , which shed 0.7 percent and 1 percent respectively.

Investors were spooked by concerns the debt crisis that has forced Greece, Ireland and Portugal to be bailed out could spread, prompting a sell-off in peripheral euro zone banks , which shed 3.4 percent.

Italian lender UniCredit fell 4.3 percent.

[xchrom]

11. BSkyB takeover doubts cap FTSE gains {murdock in the news here}

http://uk.reuters.com/article/2011/07/08/markets-britain-stocks-idUKL6E7I80PN20110708

LONDON, July 8(Reuters) - Satellite broadcaster BSkyB weighed on Britain's top share index on Friday, as doubts grew over its takeover by Rupert Murdoch's News Corp .

The FTSE 100 was up 9.35 points, or 0.2 percent, at 6,063.90 by 1114 GMT, having gained 0.9 percent in the previous session after U.S. private employment showed sharp gains in May, leaving investors more optimistic ahead of Friday's nonfarm payrolls due at 1230 GMT.

BSkyB fell 4.5 percent after the British government said on Friday it would take the closure of the Murdoch tabloid News of the World, at the heart of a phone hacking scandal, into consideration when deciding on the mogul's planned $14 billion bid to buy BSkyB.

Howard Wheeldon, senior strategist at BGC Partners said he expects the deal to be delayed rather than stopped, unless more drastic revelations surface.

[Ghost Dog]

63. Where the News of the Screws may have been reporting, say, 20M profit

annually, BSkyB can be reckoned to, easiliy, yield more like 2,000M.

Go figure.

Plus, all that "influence".

[Po_d Mainiac]

10. As the floor was touched on the ES the middle of last month

The ceiling has now been touched at 1350.

Where the HFT's will run now is anybody's guess.

[xchrom]

17. where's demeter?

i hope she is ok.

[Hotler]

37. Congratulations PBD to you and your students.

And thank you for SMW. Now back to my pessimism. I have no hope. I see no future.

[bread_and_roses]

39. 2nd that (n/t)

[Pale Blue Dot]

41. Actually, Hotler, I'm with you.

I worry terribly about my son, my students, and a potentially bleak future for all of them. I wonder sometimes if I'm selling them a bill of goods about how much better their lives can be with a good education. For now, I'm able to maintain an intellectual disconnect between the reality of this economy and this country, and the future I hope for my son and my students.

[PassingFair]

43. "Education" is secondary, IMO. You do your best when you teach students HOW to learn.

To WANT to learn.

Imbue them with a sense of intellectual curiosity
and show them what a footnote is.

Teach them to FIND answers,
to WANT to find answers,
and you will be the
best teacher they will ever have.

Congrats on the test scores!

(Thanks, Dad.)<----Personal message to my greatest teacher.

[mrdmk]

44. A real problem is, when the results of your efforts are positive, you are told to do more!

That is the problem with NCLB. The "pulverable" bar just goes up with no end in sight.

Excuse the above rant!

Congrats PBD on all your ongoing achievements!!!

[DemReadingDU]

45. Education is always important

People will always need to learn the basics of reading, writing, and arithmetic. And most important, to be able to think on their own, not rely on others to think for them. People need basic skills such as cooking, sewing, fixing/maintaining cars and appliances. But, will college be a necessity in the future? Um, no. Besides, it's going to be too dammned expensive anyway. Personally, I'd rather know a good mechanic, than have a financial planner.

[Demeter]

55. What Cannot Continue, Will Not Continue

teach the children well....

[Ghost Dog]

64. I just delivered a "speech" on that very same subject at a dinner party.

Definitely shifted the "mood".

(Overcoming "impediments"). (Cubanos auténticos incluidos).

[Ghost Dog]

47. Meanwhile, the (venial) newz from Oz:

THE SYDNEY MORNING HERALD (www.smh.com.au)

The rate of insolvencies in Australia is on the rise, with Australian Securities and Investments Commission data showing that 8802 businesses collapsed in the 11 months to the end of May. Observers believe the 2010-11 financial year will see a 4.4 percent increase in insolvencies, due to weak consumer spending, the high Australian dollar and a rise in liquidations by the Australian Taxation Office. Page B1.

--

Retired general practitioner Geoffrey Edelsten has sold his franchise of medical clinics, Allied Medical Group, to Sonic Healthcare for approximately A$200 million. Mr Edelsten and his business partner, Trevor Thompson, confirmed the transaction yesterday. The announcement marks a turnaround for Mr Edelsten, who was incarcerated for hiring a hitman to assault a former patient. Page B2.

--

Babcock & Brown International, the private group behind the defunct Babcock & Brown investment empire, has managed to record a A$200.6 million profit. However, the group remains A$2.6 billion in debt, while its net liabilities stand at A$339 million. Babcock & Brown International is still permitted to trade thanks to an agreement with its lenders, although auditors have questioned whether the company will be financially viable in the future. Page B3.

--

Rural company Elders shares climbed by 6.4 percent to A41.5 cents yesterday after news broke that the Federal Government would repeal its ban on exporting livestock to Indonesia. Tim Mitchell from brokers Citigroup said the business would be able recover from the ban better than other affected companies. "Elders should be one of the first to be granted an export permit given the control it has over the supply chain and the high standards its Indonesian abattoir adheres to," Mr Mitchell said. Page B3.

/... http://www.reuters.com/article/2011/07/07/digest-australia-business-idUKL3E7I737K20110707?type=companyNews

:rofl:

I do like several AUD prospects, though...

[Festivito]

48. Debt: 07/06/2011 14,343,021,848,987.23 (DOWN 65,791,021.17) (Wed, UP some.)

(OVER the old debt limit of 14.294-trillion dollars by 49-billion dollars. Good day.)
On with a different computer once again.
(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)
= 9,748,841,925,620.21 + 4,594,179,923,367.02
UP 6,618,560,773.63 + DOWN 6,684,351,794.80

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 $3.20 THAT'S 1B$, and $3,201.15 makes 1T$.
A family of three: Mom, Dad, Child: $9.60, ABOUT TEN BUCKS for a 1B$ 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 312,387,392 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $45,914.21.
A family of three owes $137,742.64. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 days.
The average for the last 20 reports is -81,820,311.98.
The average for the last 30 days would be -54,546,874.65.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 188 reports in 279 days of FY2011 averaging 4.16B$ per report, 2.80B$/day.
Above line should be okay

PROJECTION:
There are 564 days remaining in this Obama 1st term.
By that time the debt could be between 14.3 and 17.3T$.
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)
07/06/2011 14,343,021,848,987.23 BHO (UP 3,716,144,800,074.15 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 +0,781,398,818,095.50 ------------* * * * * * * * * * * * * * * * * * * BHO
Endof11 +1,022,260,102,526.37 ------------* * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
06/13/2011 -002,477,556,635.49 -- Mon
06/14/2011 -005,676,305,314.31 --
06/15/2011 +005,724,686,785.42 ------------*********
06/16/2011 -004,915,287,264.64 --
06/17/2011 -003,280,766,773.26 --
06/20/2011 -001,398,167,502.39 -- Mon
06/21/2011 -005,323,373,908.56 --
06/22/2011 +008,838,427,845.80 ------------*********
06/23/2011 -003,583,724,883.29 --
06/24/2011 +001,084,698,810.36 ------------*********
06/27/2011 -002,470,523,317.36 -- Mon
06/28/2011 -005,425,153,798.63 --
06/29/2011 +007,017,747,779.06 ------------*********
06/30/2011 +003,977,538,029.63 ------------*********
07/06/2011 +006,618,560,773.63 ------------********* Wed

-1,289,199,374.03 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=4909741&mesg_id=4909852

[Festivito]

65. Debt: 07/07/2011 14,343,021,925,343.11 (UP 76,355.88) (Thu, UP some.)

(OVER the old debt limit of 14.294-trillion dollars by 49-billion dollars. Good day.)
What a pain is this new computer with Windows 7 - yuck.
(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)
= 9,749,919,434,766.85 + 4,593,102,490,576.26
UP 1,077,509,146.64 + DOWN 1,077,432,790.76

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 $3.20 THAT'S 1B$, and $3,201.08 makes 1T$.
A family of three: Mom, Dad, Child: $9.60, ABOUT TEN BUCKS for a 1B$ 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 312,394,592 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 $45,913.16.
A family of three owes $137,739.47. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 20 reports in the last 30 days.
The average for the last 20 reports is -81,214,169.94.
The average for the last 30 days would be -54,142,779.96.

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$/day.
There were 189 reports in 280 days of FY2011 averaging 4.13B$ per report, 2.79B$/day.
Above line should be okay

PROJECTION:
There are 563 days remaining in this Obama 1st term.
By that time the debt could be between 14.3 and 17.3T$.
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)
07/07/2011 14,343,021,925,343.11 BHO (UP 3,716,144,876,430.03 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 +0,781,398,894,451.40 ------------* * * * * * * * * * * * * * * * * * * BHO
Endof11 +1,018,609,273,124.15 ------------* * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
06/14/2011 -005,676,305,314.31 --
06/15/2011 +005,724,686,785.42 ------------*********
06/16/2011 -004,915,287,264.64 --
06/17/2011 -003,280,766,773.26 --
06/20/2011 -001,398,167,502.39 -- Mon
06/21/2011 -005,323,373,908.56 --
06/22/2011 +008,838,427,845.80 ------------*********
06/23/2011 -003,583,724,883.29 --
06/24/2011 +001,084,698,810.36 ------------*********
06/27/2011 -002,470,523,317.36 -- Mon
06/28/2011 -005,425,153,798.63 --
06/29/2011 +007,017,747,779.06 ------------*********
06/30/2011 +003,977,538,029.63 ------------*********
07/06/2011 +006,618,560,773.63 ------------********* Wed
07/07/2011 +001,077,509,146.64 ------------*********

2,265,866,408.10 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=4911352&mesg_id=4911647

[Demeter]

50. Gasp! Splash! I Made It!

You REALLY don't want to know what I've been doing...not most of it. There's one thing I CAN talk about, and stand to talk about:

My new neighbor/friend lately from California starts a petition (I provided technical support) to ban the use of Roundup on the premises....it takes 36 signatures to bring it to a vote. She preferred to have the whole community vote, because the odds of the board doing it are shaky, and this way, everyone will know about it without ignoring the change in policy.

So, people are complaining about...a board member doing a petition (she is not a board member, and no board member is actively involved, and for GODS SAKE PEOPLE--petitions are not only legal in the bylaws, even board members can petition! FACEPALM TIME)

Secondly, this neighbor is naturally overly social, and stops people on the street to meet them and then tells them about the petition. This is not door-to-door soliciting, and since it is condo business, the restrictions on soliciting of any kind do not apply.

I am living with morons.

[Ghost Dog]

58. .

:)

:thumbsup:

(But, don't get me started... I'm writing).

[Po_d Mainiac]

61. There may be a safe place to use Roundup

But I ain't aware of where that is...Either live with what grows, or rip it out (roots and all) thank you.