STOCK MARKET WATCH, Thursday, March 24, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Monday December 20, 2010

AT THE CLOSING BELL ON December 17, 2010

Dow 12,086.02 +67.39 (+0.56%)
Nasdaq 2,698.30 +14.43 (+0.53%)
S&P 500 1,297.54 +3.77 (+0.29%)
10-Yr Bond... 3.37 +0.02 (+0.66%)
30-Year Bond 4.46 +0.02 (+0.36%)

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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    
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Brad DeLong      Bonddad    Atrios    goldmansachs666    The Stand-Up Economist

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

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

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

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

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

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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

Mar 24 08:30 Initial Claims 03/19 370K 384K 385K
Mar 24 08:30 Continuing Claims 03/12 3700K 3700K 3706K
Mar 24 08:30 Durable Orders Feb 0.2% 1.1% 3.2% 2.7%
Mar 24 08:30 Durable Orders ex Transportation Feb 0.5% 1.8% -3.0% -3.6%

Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1HW1zSZWn

[Pale Blue Dot]

2. Oil rises above $106 amid Middle East conflict

SINGAPORE – Oil prices rose above $106 a barrel Thursday in Asia amid a wave of violent protests and uprisings in the oil-rich Arab world.

Benchmark crude for May delivery was up 29 cents at $106.04 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract added 78 cents to settle at $105.75 on Wednesday, the highest close since Sept. 26, 2008.

In London, Brent crude was up 8 cents at $115.55 a barrel on the ICE futures exchange.

Oil has jumped 24 percent since Feb. 15 as violent conflict roils the Middle East and North Africa.

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

[hamerfan]

6. One reason

I have less money in my pocket after leaving the grocery store.

[Pale Blue Dot]

3. U.S. Stock-Index Futures Gain Before European Leaders Meet on Debt Crisis

U.S. stock-index futures rose before reports on durable goods orders and as European leaders begin a two-day meeting to seek a solution to the region’s debt crisis.

Micron Technology Inc. (MU) climbed 3.7 percent as the largest U.S. maker of computer-memory chips reported second-quarter sales that beat the average estimate of analysts in a Bloomberg survey. Red Hat Inc. (RHT) rose 9.6 percent as the largest seller of the Linux operating system posted profit that topped forecasts.

Futures on the Standard & Poor’s 500 Index expiring in June climbed 0.5 percent to 1,298.3 at 6:48 a.m. in New York. Dow Jones Industrial Average futures advanced 0.4 percent to 12,070 and Nasdaq-100 Index futures rose 0.8 percent to 2,282.75.

“We’ve been adding to our equity exposure but haven’t got the conviction yet to go in all guns blazing,” said Max King, a London-based investment strategist at Investec Asset Management, which oversees about $55 billion. “We remain positive for the year as the underlying earnings picture is generally good. We are impressed by the resilience of markets in the face of bad news.”

http://www.bloomberg.com/news/2011-03-24/u-s-stock-index-futures-advance-before-european-leaders-meet-in-brussels.html

Yes. I'm "impressed" too.

[Roland99]

8. Futures look even brighter now.

WHEEEE!!!

[xchrom]

4. recommend

[xchrom]

5. Euro extends losses amid Portugal crisis Portugal’s prime minister resigns as EU summit looms

http://www.marketwatch.com/story/euro-extends-losses-in-asian-trading-2011-03-23?dist=beforebell

LONDON (MarketWatch) — The euro extended losses against the dollar Thursday, in the wake of the Portuguese parliament’s rejection of an austerity plan and subsequent resignation of the country’s prime minister.

[xchrom]

7. Portugal turmoil intensifies bailout talk Analysts say it’s increasingly likely that Lisbon will nee

http://www.marketwatch.com/story/portugal-turmoil-intensifies-bailout-talk-2011-03-24?dist=markets

LONDON (MarketWatch) — The specter of an international bailout loomed over Portugal on Thursday, after additional austerity measures were rejected by parliament and the nation’s prime minister submitted his resignation.

[jschurchin]

9. iPads are good food. nt

[hamerfan]

12. Mmm, iPads...

Lots of eye-ron in them.

[xchrom]

10. U.S. stocks open modestly higher on domestic focus

http://www.marketwatch.com/story/us-stocks-open-modestly-higher-on-domestic-focus-2011-03-24

NEW YORK (MarketWatch) -- U.S. stocks opened higher Thursday after gains in equities overseas, with Wall Street focused on corporate profit and the U.S. economic recovery. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 12,128, +41.59, +0.34%) added 40.46 points to 12,126.48. The Standard & Poor's 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,301, +3.30, +0.25%) rose 3.68 points to 1,301.22. The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,707, +8.76, +0.33%) was up 11.76 points to 2,710.06.

[xchrom]

11. Why AT&T’s deal for T-Mobile must be blocked Commentary: Cell-phone service deal would kill competit

http://www.marketwatch.com/story/why-atts-deal-for-t-mobile-must-be-blocked-2011-03-21

BOSTON (MarketWatch) — AT&T’s move to take over T-Mobile USA is great news for stockholders. It will let AT&T shut down a competitor, jack up prices, and save on customer service.

The news is also absolutely disastrous for everyone else.

For exactly the same reasons.

[AnneD]

14. Hubby and I are long time T-mobile users....

we love the service and the plans are cheap. I would like an iPhone but not at the cost of crappy service and jacked up bills.

[Fuddnik]

30. We switched to Straight Talk last year.

I haven't walked into a walmart in 20 years, but I did for this. Or you can do it online.

They have a good selection of phones. No contracts. Cheap, $30 per month for 1,000 minutes, 1,000 texts, and 30 MB Data. Or $45 per month for unlimited everything. And no surprises on the bill. It's $32 per month with sales tax.

And It's on the Verizon network, so you're pretty much getting Verizon's best plan for 1/3 the price.

[AnneD]

38. I have started hearing some good things about ....

Straight Talk. We may make a switch too. We are loyal to T-mobile because they are nice to us and we get a cheap plan.

Thanks for the input.

[Fuddnik]

15. This should be held up as a prime example for RAISING corporate taxes.

The old song and dance that corporations use that money to expand production and create more jobs is shown to be complete and utter bullshit. They don't even increase the dividends to shareholders.

They use that money to:
1) Raise executive pay and bonuses. In other words loot the company.
2) Buy back stock, which theoretically, but not always, increases share value.
3) Buy up their competitors, which cuts jobs, decreases competition and creates monopolies.

I've paid attention over the last 30 years, in the banking industry particularly, One local bank buys out another local bank. The first thing they do is close branches, and lay people off. Automatically less competition.

Last year, Pfizer bought out Wyeth Pharma. They combined operations and laid off 16,000 people. Then Pfizer cut non-mega money products, such as vaccines and snake-bite anti-venin. There were worries during the gulf oil spill clean-up that a lot of workers were going to be working in areas infested with poisonous snakes. There wasn't enough of an emergency anti-venin doses, because Pfizer quit making what Wyeth used to. The State of Florida, as of a few months ago, had only 6 doses of coral snake anti-venin in the whole state, and couldn't get more.

Time to start dusting off some anti-trust law and start breaking up monopolies. And make them pay their damn taxes.

[xchrom]

16. +1

[DemReadingDU]

18. +++

[Demeter]

19. Pfizer Killed Our Local Economy

when it pulled out in 2007, and it was squeezing its labor force for years before that. We looked like a ghost town--no rush hour traffic, businesses closing right and left, whatever was left after 9/11.

[amandabeech]

40. Was Pfizer in Ann Arbor? I thought that it was a big presence in Kalamazoo.

Steelcase is pulling out of Grand Rapids, too.

That will solve what few traffic problems were left after all the auto plants closed and Old Kent Bank merged with Fifth Third.

[Demeter]

48. Pfizer insisted it had to have this land, and tax cuts

and it sunk a lot of money into building fancy ew labs and such, and was gone within less than 10 years...they had bought a rival (I've forgotten the name) and expanded.

[Demeter]

49. Pfizer bought the local Parke Davis and shut it down, expanded

and then shut itself down.

[amandabeech]

52. Good grief.

That sounds insane.

But then, that's capitalism!

[AnneD]

41. Most people are not aware, but a similar thing happened...

to the DTp and Tetanus vaccines. While Congress and Homeland Security were trying to strong arm first responders Dr. and Nurses to take those god awful small pox vaccines-our nation's supplies of Tetanus were at a critical low level. Only infants and ER emergencies received any. School age kids were on waivers and the incidence of Whooping cough (the p in the DTp)dramatically increased.

Congress was worried about terra-ist getting us with small pox and yet our kids were at real risk for tetanus, diptheria, and whooping cough. Interestingly enough, the small pox vaccines were harmful to adults with undiagnosed heart problems. There is some thought that those exposed to the vaccine as children may also have developed heart disease.

Anyway, I refused to be pressured into it and I have been diagnosed with heart disease several years later. I would have been one of those dead patriotic health care responders if had taken it.

[Roland99]

32. I can't believe someone used this word....

from the leader on MarketWatch's homepage:

One analyst says a T-Mobile deal would create a “truly wireless-first carrier” that could deliver about $40 billion in potential “synergies” for AT&T.

:puke:

[xchrom]

33. indeed -- it is sickening. nt

[xchrom]

13. sorry if someone shared this before: The problem with the disaster-proof economy

http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2011/03/22/disaster_proof_economy

U.S. military intervention in Libya. $4.00 a gallon gasoline. A triptych of almost unimaginable disaster in Japan -- an earthquake, a tsunami, a nuclear reactor teetering at catastrophe's edge. European sovereign debt woes. Stagflation in the U.K., high unemployment in the U.S., food prices spiking everywhere. 63 percent of Americans think the country is on the wrong track.

With that context in mind, consider the headline from Bloomberg this morning, "All Clear Sounded as Markets Shrug Off Multiple Black Swans."

[Fuddnik]

36. It was all clear in The Time Machine too.

Right after they ground up and ate all the humans they needed for the day.

[masmdu]

17. ES s&p emini (not trading advice)

We are approaching 1306ish if it is taken out and holds then new highs. My expectation is turn down from 1306ish (stop @ 1311). Price objective 1280 to 1275. Then from there LAUNCH ! on way to 1450

Not Trading Advice

[Demeter]

20. Today I did the route all by myself

At 8pm yesterday,picked up the 289 copies, bagged them by 9:30.

Started delivery at 3:00 AM, finished 3.5 hours later. And there was no phsyical barriers of snow and ice to slow me down.

all for $57.80 vs. the $101.15 they paid in January for the same job....

Well, they haven't broken the $10/hr barrier (unless you count the gas and ins and maint on the car...)

I believe in Recovery! Really I do! Where's MY share?

Time to get a new gig.

[Tansy_Gold]

42. Oh, you're doin' a LOT better'n me

an assignment yesterday that took 11 hours to complete and yielded $24.73. of course, I have no expenses for gas and oil or tire wear. . . . .

today we got the pep talk about how we should be grateful to have a job.. . .any job. . . .




TG, TT

[AnneD]

44. We are getting the same pep talk....

the beatings will continue until the moral improves. Let's just say I'll post my feelings on the weekend.

[jtuck004]

45. we should be grateful to have a job

You got this from managers or supervisors? And they said it with a straight face?

How did we get this far away from where we were in 1950...

[DemReadingDU]

46. I got that noise a decade ago

Nothing really changes

[jtuck004]

47. Can't help but observe that it does change. The rich are wealthier. eom

[Tansy_Gold]

55. We get the "grateful" pep talk about once a month

We are not employees -- we are independent subcontractors who have no benefits and no rights, including the right to anything approaching minimum wage. I suspect Demeter is in a similar situation, but I'll let her speak for herself.

A few hours after posting that this morning, I had a chat with a friend who, like me, is self-employed, and as I was kind of laughing about the $2.20/hour rate I earned yesterday, she said, "Yeah, but it's a job. At least you have a job."

Frankly, I'm not feeling too grateful. I know that the contractor for whom I work is making a helluva lot more than $2.20/hour.



TG

[Demeter]

21. Fed rejects BofA plan to raise dividend

The US Federal Reserve has rejected Bank of America’s plan to raise its dividend in the second half, dealing the lender and its shareholders an unexpected blow

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/XTSR65/36/t?a1=2011&a2=3&a3=24

AND STILL THE MARKET IS RISING?

[Demeter]

22. Goldman chief says ex-director broke board rules

Lloyd Blankfein, chairman and chief executive of Goldman Sachs, testified that former bank director Rajat Gupta had violated Goldman confidentiality policies

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/LQM4N3/36/t?a1=2011&a2=3&a3=24

[Tansy_Gold]

43. So?

[Demeter]

50. I'm just glad to see the bastard in the court

and having to lie under oath.

[Festivito]

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

Debt: 03/22/2011 14,233,559,283,692.40 (UP 5,366,157,553.68) (Tue, UP a little.)
(Good day.)
Veggies veggies and more veggies. Need oil.
(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

[Festivito]

53. Debt: 03/23/2011 14,224,998,096,211.71 (DOWN 8,561,187,480.69) (Wed, DOWN a little.)

(Good day.)
Molly helps with posting this evening.
(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)
= 9,605,524,165,923.99 + 4,619,473,930,287.72
DOWN 63,255,741.95 + DOWN 8,497,931,738.74

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 $3,208.92 makes 1T$.
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 311,631,392 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 $45,646.87.
A family of three owes $136,940.61. (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 4,739,781,900.20.
The average for the last 30 days would be 3,317,847,330.14.
The average for the last 28 days would be 3,554,836,425.15.
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$/day.
There were 120 reports in 174 days of FY2011 averaging 5.53B$ per report, 3.81B$/day.
Above line should be okay

PROJECTION:
There are 669 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)
03/23/2011 14,224,998,096,211.71 BHO (UP 3,598,121,047,298.63 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 +0,663,375,065,320.00 ------------* * * * * * * * * * * * * * * * BHO
Endof11 +1,391,562,637,021.84 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
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 ------------********
03/23/2011 -000,063,255,741.95 ----

42,915,394,144.61 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=4785327&mesg_id=4785601

[Demeter]

24. ConocoPhillips to sell up to $10bn in assets

ConocoPhillips, the third-biggest oil and gas company in the US, said it would shed an additional $5bn-$10bn in assets during the next two years on top of $7bn sold last year

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/8AHGWZ/36/t?a1=2011&a2=3&a3=24

[Demeter]

25. Italy increases drive against foreign takeovers

The country has drawn up a bill aimed at thwarting unwanted buy-outs and opening a tax probe into two deals

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/YHJF6J/36/t?a1=2011&a2=3&a3=24

[Demeter]

26. Crisis-hit Tepco taps lenders for $25bn

Damage-control operations at the power station were halted after smoke poured from one of the plant’s six reactors

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/NS4XP3/36/t?a1=2011&a2=3&a3=24

[Demeter]

27. Tchenguiz SFO inquiry chief quits

The Serious Fraud Office case manager in charge of investigating the role of the brothers in the collapse of Kaupthing, the Icelandic bank, has resigned

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/5C1TM4/36/t?a1=2011&a2=3&a3=24

[Demeter]

28. US deal remedies offer hope to AT&T

Conventional wisdom in Washington is that big corporate mergers are harder to get past regulators when the Democrats are in power, but President Barack Obama’s administration has shaken this assumption.

Read more >>
http://link.ft.com/r/8P1R88/JI5MUN/VTVRG/HDZEDG/9ZB8WP/36/t?a1=2011&a2=3&a3=24

MAYBE THAT'S BECAUSE OBAMA ISN'T...

[Demeter]

29. Sócrates quits as Portuguese PM

José Sócrates, Portugal’s prime minister, resigned on Wednesday night after losing a crucial vote on austerity measures, potentially pushing the country towards early elections and an international bail-out

Read more >>
http://link.ft.com/r/WDI4RR/RNEYUU/MJTKN/18POIL/5C1LEA/LE/t?a1=2011&a2=3&a3=23

JOIN THE COMMON MARKET AND GET ROLLED....

[xchrom]

31. the portugese people are going to take it just like ireland and greece.

i feel bad for all of them.

[Demeter]

34. They could follow Iceland's lead

but that would be too sensible. People could be jailed!

[xchrom]

35. i know, huh? too much to ask. nt

[Demeter]

37. Another Miracle Day

Keep it up until May Day....

[hamerfan]

39. Miracle?

And now for something completely different...

http://www.youtube.com/watch?v=krb2OdQksMc

[jtuck004]

51. 200,000+ people homeless/Japan may need substantial support. Like two weeks of foreclosures here,

but without the announcements of substantial support by the government for the people part, especially for those who may not be
able to reuturn to homes or property destroyed by tsunami, earthquake, or radiation.

On the other hand we provide disaster support for the tsunami of debt created by the banks which they unleashed on the global economy.

'Cause we have a finely-honed sense of what's important.

[kickysnana]

54. +1

[bread_and_roses]

56. +2 (n/t)