STOCK MARKET WATCH, Friday, August 19, 2011

[Pale Blue Dot]

Source: du

STOCK MARKET WATCH, Friday, August 19, 2011

AT THE CLOSING BELL ON August 18, 2011

Dow 10,990.58 -419.63 (-3.82%)
Nasdaq 2,380.43 -131.05 (-5.51%)
S&P 500 1,140.65 -53.23 (-4.67%)
10-Yr Bond... 2.10 +0.03 (+1.60%)
30-Year Bond 3.43 +0.01 (+0.21%)

---

Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

---

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

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

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

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

Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren
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

---

---

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. No reports today. nt

[Pale Blue Dot]

2. Oil falls to near $81 on global growth slowdown

SINGAPORE – Oil prices fell to near $81 a barrel Friday in Asia, extending a sell-off fueled by investor fears that a slowing global economy will undermine demand for crude.

Benchmark oil for September delivery was down $1.07 to $81.28 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude fell $5.20, or 5.9 percent, to finish at $82.38 on Thursday.

In London, Brent crude for October delivery was down $1.53 to $105.49 per barrel on the ICE Futures exchange.

Commodities such as oil fell sharply Thursday as signs of weakening U.S. economic growth raised worries that the country could be headed for a recession. A report on Philadelphia-area manufacturing dropped to its lowest in two years while home sales tumbled 3.5 percent in July.

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

[Uben]

3. Buckle up!

How low will it go?

Gold up $40 oz.

[Po_d Mainiac]

28. Gold and Silver now in backwardization

Safe havens are getting rarer than Sahara oasis

[Uben]

30. Now it's "What costs me less?"

Although I have done well on gold and silver the past two years.

[Po_d Mainiac]

36. If you believe Au will hold or move higher

Then Ag has a lot of catching up to do.

Since much of both of these metals plays out in the ponzi paper market, everyone who's been paying attention, expects the CRIMEX to resort to raising margins in 5-4-3.

If the players are flush with capital, the respite will be brief. If one/or more major hedgie's is hurting for cash (after taking a hosing in equities) there could be a flood of contracts all at once. If cooler heads do not prevail, it could get ugly. Silver recently crashed from $50-$33 on margin increases alone. An example could be Paulson who went long on Shiti, BoA'holes and Gold. 2 outa 3 of those investments are burning cash.
YMMV

[JNelson6563]

61. Agreed

I do not see that gold is sustainable at over 1800, I am more apt to believe someone's playing it and planning to do well when it plummets. On the other hand I doubt we will ever see it go as low as those early Bush II years. That's when I went all out long on gold and it was less than 400. While I have been enjoying the ride of nice return on investment I can just tell the time is coming to get out.

Julie--who enjoyed your knowledgeable commentary

[Po_d Mainiac]

67. Perhaps not so much a singularity that will profit

from a steep drop as much as a sigularity (one of the CRIMEX depository banks perhaps?) that will lose big if it doesn't drop?
YMMV

[Ghost Dog]

68. Very soon now

there will come a shakeout.

I'm inclined to sell shortly.

[Po_d Mainiac]

54. what I stated above...only worded much better.

http://www.zerohedge.com/news/here-who-getting-creamed-todays-hewlett-packard-bloodbath-and-why-it-just-not-paulsons-year

[Pale Blue Dot]

4. Falling U.S. Stock Futures Indicate S&P 500 May Extend Drop to Fourth Week

U.S. stock futures fell, signaling that the Standard & Poor’s 500 Index may decline for a fourth week, as concern increased that the global economy is weakening.

Bank of America, the biggest U.S. lender, retreated 3 percent in early New York trading and JPMorgan Chase & Co. (JPM) dropped 1.9 percent in European trading. Financial shares in the S&P 500 sank 5 percent yesterday.

S&P 500 futures expiring in September slumped 1.8 percent to 1,123 at 7:05 a.m. in New York after earlier dropping as much as 2.3 percent. The U.S. equity benchmark lost 4.5 percent yesterday, its biggest decline since Aug. 8. Dow Jones Industrial Average futures retreated 178 points, or 1.6 percent to 10,839 today.

“We have a fear-based, emotional-based market right now,” said Erik Ogard, director of multi-strategy investments at Russell Investments, which oversees $163.4 billion, in an interview with Susan Li on Bloomberg Television’s “First Up.” “There are real economic things to be worried about. However, it’s the degree of the reaction that we think might just be a little overdone.”

http://www.bloomberg.com/news/2011-08-19/u-s-stock-futures-fall-indicating-s-p-500-may-extend-drop-to-fourth-week.html

[Tansy_Gold]

5. 3rd wreck(sic) on the new computer!

Why, why, why does there have to be a new windows operating system every year that fucks up half my other software?


Never mind, it was a rhetorical question.



Tansy Gold, who hates Microsoft/Bill Gates every bit (pun intended) as Apple/Steve Jobs

[xchrom]

6. hi Miss Tansy

:hi:

[Tansy_Gold]

10. Hi, x!

At the moment I don't know if I'm operating in 32 or 64 bits, but I'm here. Sort of.

[xchrom]

12. do we ever REALLY know if we're here?

:evilgrin:

[Fuddnik]

16. You're not all here. Or there.

:evilgrin: :hi:

[DemReadingDU]

24. If we're not here or there

Where are we?

:evilgrin:

[alterfurz]

40. zen bumpersticker: "We're all here, because we're not all there"

[Hawkowl]

43. You are both here and there

Simultaneously. It's a quantum thing.

[Demeter]

48. I'm BAA--AAACK!

Been crazy all week all over town. Hoping for a quiet weekend at home, cleaning out the rest of the garage....

[Po_d Mainiac]

17. I feel your pain n/t

[Roland99]

21. I actually love Windows 7! XP was great but it's way long in the tooth. Vista...blech

If you like the old style start menu, check this out:

http://www.classicstartmenu.com/

I love it!

[Loge23]

29. ...and don't get me started about Office 2010

But we do have a choice!!
Apple or Microsoft!

...it's kind of like voting, ugh!

[bongbong]

31. Openoffice

Try openoffice (http://www.openoffice.org) instead of Micro$oft's Bloatware.

[Tansy_Gold]

32. I wish I could

I do all of my own stuff in WordPerfect, but my job requires a legit licensed registered version of MS Offal.


TG

[CatholicEdHead]

45. Try LibreOffice instead

it is based on OpenOffice. OpenOffice open source developers have moved onto that project after Oracle bought Sun and restricted everything.

[bongbong]

55. Thanx

Thanx for the tip!

[Warpy]

53. I have 2 XP boxes I bought used

and that I'm nursing along, alternating between them when one dies and needs to be fixed. Unfortunately, some of my necessary software and some of my favorite dumb timewasters only work on XP. Besides, Win7 is missing some adjustments that make it easier on people with poor eyesight and has some "features" that are annoying as hell. I keep trying to love it but I just can't. It sucks.

I shudder to think of what they're going to do to us with Win 8. Someone out there needs to buy the XP license for a few billion dollars and keep it going for those of us who want a PC OS that actually works.

[Tansy_Gold]

57. Amen, amen, and amen again

Just spent 2 hours on the phone with the "I.T." person (cough, cough, smirk, smirk) trying to get the special super super duper work software installed on my computer. The software company hasn't made sufficient adjustments to accommodate Win 7 fully, so things have to be coerced. the I.T. person admitted -- FINALLY -- that there are major glitches in this extremely expensive package that have been causing major problems for 19 months and not one single one of those glitches has been addressed. Not one.

But hey, we had good rain here last night so I don't have to water the plants. I'm a sort of happy camper.

[Fuddnik]

58. You'll have a Windows Armageddon come out first.

Then a year or two later, Windows 8 will come out and fix all of it's problems, and have new useless features and eye candy.

Win 98 was working fine, then they put a virus on everyones machine called Windows ME. Then came Windows XP, which was good. But, they couldn't leave that out there so they developed another glitch called Vista. After much swearing and crashing, and they couldn't sell any more crap, they released Windows 7, which was good, but it wasn't compatible with XP programs (unless you paid extra for Super-Duper Deluxe)

I think I see a pattern here. Disease-cure, disease relapse, cure, new disease, cure........

[Warpy]

62. 98 worked fine if you liked the BSOD at least twice a day

XP remains the best OS they've ever produced. I'm usually way behind the release curve on Microschlock's stuff only because so much of their stuff is, well, downright bad when it's released into general use.

[Fuddnik]

69. I know when I "upgraded" to ME.

After I had it for about a day, I flushed it and reinstalled '98.

I agree. I have a system sitting out in the garage that still has XP on it. All I have to do is stick a processor and some memory in it, and it's ready to go. And I have the parts sitting here.

Have a laptop with Vista that sucks. And a desktop with Windows 7-64. Which has a BIOS problem I can't figure out. I may just get another MoBo and processor for that one.

[Warpy]

70. I didn't bother with 2000/ME

because I knew that XP was in the works and what beta testers were saying about it. When my POS XP laptop was stolen, I didn't replace it until Win7 came out and replaced Vista. Again, beta testers said it was a vast improvement over Vista. I suppose it was. However, it's far too gimmicky and doesn't work the programs I need it to. I will be unlikely to upgrade to 8 either.

The only reason I upgraded from 95 to 98 is because I already had the frequent BSOD, so what's the harm? Live and learn.

[truedelphi]

76. We just got the household a second Windows Xp HD and what not.

Paid forty five bucks for it.

I cannot envision dealing with the "new improved" Microsoft product.

[xchrom]

7. good morning everyone!

:donut:

[xchrom]

8. europe: European stock markets take another plunge

http://www.latimes.com/business/la-fiw-global-markets-20110820,0,5413075.story

A selloff in global stocks gathered pace Friday, reflecting mounting concerns that the U.S. economy is heading into another recession.

Nervous investors fled to the safety of core government bonds, Swiss francs and gold, which hit a record high, with many seeking to unwind holdings of riskier assets such as stocks, commodities and higher-yielding currencies before the weekend.

European shares extended steep losses from Thursday, when they suffered their biggest daily slide in 2 1/2 years, with key indexes in Britain, France and Germany deep in the red.

U.S. stock index futures pointed to a sharply weaker open for equities on Wall Street, a day after the Nasdaq shed more than 5 percent and the S&P 500 tumbled 4.5 percent on rising recession fears.

[bread_and_roses]

9. First R! Yeah!

A first for me! Morning, PBD.

You know, I try to live peace (not always with success) - and the quote that came unbidden to my mind when I saw the thread was up "I love the smell of napalm in the morning." Truly, it just popped up on the internal screen. Maybe it was the cartoon, which is pretty good.

That's not predictive - I watch our global carnival barkers run their casino with mild bemusement, not technical analysis, of which I am incapable not to mention disinterested. I am an anthropologist, not a financier here, where I feel at home with many seemingly kindred souls, even those with expertise.

I wonder what today will bring? Usually, after deep drops I figure it's someone else's turn to make $$, so it often goes the other way.

The best metaphor going at the moment for our plight is those students in Hershey - except they finally got up, walked out, spoke up.
edit for screwing up html & the cartoon

[Tansy_Gold]

13. g'morning, B&R

Sociologist here, so no wonder we're kindred souls.

:hi:

[hamerfan]

15. No-ologist here

I just show up for the coffee and donuts.
:donut:
Not really, this place is a cyber-home for my realist side, populated by many wonderfully intelligent and witty (not to mention good looking) amigos! :hi:

[bread_and_roses]

20. I'm actually Jack of Many, not All, and Master of None, Hammer ...

... among my many interests and avocations, the anthropological just seemed the most apt this am

[xchrom]

11. asia: Asian shares join global slide in early trading

http://latimesblogs.latimes.com/money_co/2011/08/asian-shares-join-global-slide-in-early-trading.html

Asian stocks fell in early trading Friday after steep losses in European and U.S. markets over intensifying debt concerns and poor economic data.

Japan's Nikkei 225 index fell 2.1% shortly after opening, South Korea's Kospi was off 4% and Australia's SP/ASX 200 dropped 2.6%.

Analysts said Asian investors were concerned about U.S. data that showed declining home resales and business activity.

"Investors have been spooked by these data. They are now focusing on next week's data such as U.S. GDP," Yumi Nishimura, a senior market analyst at Daiwa Securities, told Reuters. "Retail investors may buy defensive stocks on dips, but such buying may not have an impact on the overall index."

[Sarah Ibarruri]

14. All I hear from the White House is: silence. nt

[Po_d Mainiac]

18. Too bad the same can't be said about the bernank's printing press. n/t

[Demeter]

49. That's An Improvement over the Usual BS

and it COULD mean that they are starting to listen with attention...maybe, even listen to REALITY, but I'm not getting my hopes up.

[Sarah Ibarruri]

72. All I hear is radio silence. nt

[DemReadingDU]

19. NPR: New York Tappan Zee Bridge

8/19/11 A Big Bridge In The Wrong Place by David Kestenbaum
Why the long bridge?

You would never look at a map of the Hudson River, point to the spot where the Tappan Zee Bridge is, and say, "Put the bridge here!" The Tappan Zee crosses one of the widest points on the Hudson — the bridge is more than three miles long. And if you go just a few miles south, the river gets much narrower. As you might expect, it would have been cheaper and easier to build the bridge across the narrower spot on the river. So I wanted to answer a simple question: Why did they build the Tappan Zee where they did, rather than building it a few miles south?

I started digging through newspaper clippings from the 1940s and 1950s. It turns out, the bridge was part of a much larger project: The New York State Thruway, one of the first modern highway systems. The clippings also reveal something suspicious. There was an alternate proposal for a bridge at a narrower spot nearby. The proposal was put forward by top engineers at the Port Authority of New York and New Jersey. But that proposal was killed by New York governor Thomas E. Dewey. The New York Thruway was his baby; in a 1954 speech he proclaimed that it would be "the world's greatest highway."

I called historians, and libraries and historical societies. No one seemed to know for sure why Governor Dewey did what he did. Then I found Jim Doig, a professor emeritus at Princeton. Doig interviewed some of the key government officials involved in the project, and knew the answer.

The Port Authority — the body that proposed putting the bridge further south — had a monopoly over all bridges built in a 25-mile radius around the Statue of Liberty. If the bridge had been built just a bit south of its current location — that is, if it had been built across a narrower stretch of the river — it would have been in the territory that belonged to the Port Authority. As a result, the Port Authority — not the State of New York — would have gotten the revenue from tolls on the bridge. And Dewey needed that toll revenue to fund the rest of the Thruway. So Dewey was stuck with a three-mile-long bridge.

Today, the Tappan Zee is in bad shape, and the State of New York is looking into fixing or replacing it. But none of the proposals would move the bridge to a narrower spot on the river. It's too late now: Highways and towns have grown up based on the bridge's current location. We're stuck with a long bridge at one of the widest spots in the river. The repairs are expected to cost billions of dollars.

at link, there isa photo of the bridge, and an audio to listen, appx 5 minutes
http://www.npr.org/blogs/money/2011/08/19/139749870/a-big-bridge-in-the-wrong-place

[Roland99]

22. interesting story there. Thanks for that.

[Po_d Mainiac]

25. +1

[Demeter]

50. How typical, and sad

and they Could move that bridge, regardless, but for the same reasons, won't.

[Roland99]

23. 8:40 - Futures getting uglier!

S&P 500 1,129.00 -14.50 -1.27%
DOW 10,883 -134.00 -1.22%
NASDAQ 2,063 -18.75 -0.90%

[DemReadingDU]

26. Karl Denninger: Is It October 16, 1987?

8/19/11 Is It October 16, 1987?

You have to wonder.

It's options expiration and the market is collapsing, with German markets down 10% in two days. Options protection is coming off today and the price of replacing it has skyrocketed. Assuming the S&P 500 closes under 1178 this will be the fourth straight week of declines, with the market having lost more than 200 S&P points (and 1,600-odd DOW points.)

Now there's a good counter-argument to be made on any sort of expectations of a crash - either today or Monday. We're well off the overnight lows in the futures - in fact, by more than 1% as I write this.
.
.
.
Now the Ponzi is collapsing and everyone's in a panic.

The market always calls all bluffs. The worst part of the market's "all in" calls is that they come at the worst possible time - when you've exhausted your stack of chips playing games and scamming people. The market never calls when you have plenty of reserve firepower; it instead quietly lets you expend that firepower with lies and deceit, and only when you've run out - or it thinks you have anyway - does the hammer come down.

The time is now and the question remains, given the market pattern and extreme volatility: Given the lack of leadsership, given the plethora of lies, given the lack of apparent resource and will by governments to do the right thing and the inevitable squeeze of the truth in these institutions, Is Monday going to be "The One"?

We'll see.

http://market-ticker.org/akcs-www?post=192593

[Po_d Mainiac]

27. Down support stops have been taken out

e/s 1100 is now looming very large. A hold above sets the stage for the 1100-1175 mentioned in past days. Should the brakes blow out a master cylinder, the next rest area is 900. Hope the road crews have pumped out the porta-potty's
YMMV

[Roland99]

38. There's a support at 1,120 for the S&P

[Po_d Mainiac]

46. awful thin barrier n/t

[Hawkowl]

73. A pause at 900

I would not be surprised to see 900 next week and a pause with some happy talk from Bernake at Jackson Hole. Then I just see a mirror of 1937 as we slide past the bottom of 600. :scared:

[DU GrovelBot]

33. ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ##

This week is our third quarter 2011 fund drive. Democratic Underground is
a completely independent website. We depend on donations from our members
to cover our costs. Please take a moment to donate! Thank you!

Click here to donate

[Fuddnik]

34. Sorry, lost it all in the market.

[Loge23]

52. How much do you need?

I have donated before, and I enjoy the site, but I am curious:
How much do you need to maintain the site?
Is this a non-profit venture?
How much is normally raised in these quarterly drives?

[Roland99]

35. Bank of America to slash jobs: WSJ

http://www.marketwatch.com/story/bank-of-america-to-slash-jobs-wsj-2011-08-18

[Po_d Mainiac]

37. Alas, there is no more work for robo-signer's n/t

[Fuddnik]

39. Skank of America cutting at least 3,500 jobs. Possibly 10,000.

http://www.msnbc.msn.com/id/44199241/ns/business-us_business/#.Tk5nBWHczcs


Report: Bank of America cutting at least 3,500 jobs
'We owe it to our customers and our shareholders to remain competitive,' WSJ cites internal memo as saying; shares are down 47 percent this year


msnbc.com staff and news service reports
updated 8/19/2011 4:55:34 AM ET

Print
Font:

Bank of America plans to cut at least is 3,500 jobs and possibly up to 10,000 in a major restructuring of one of the nation's largest banks, the Wall Street Journal reported.

In an article posted online late Thursday, the Journal said Bank of America would cut 3,500 of its approximately 300,000 positions by the end of September. The total number of cuts has not been determined but one person familiar with the situation said at least 10,000 jobs are likely to be eliminated.


"I know it is tough to have to manage through reductions but we owe it to our customers and our shareholders to remain competitive, efficient and manage our expenses carefully," CEO Brian Moynihan said in a memo to managers, according to the Journal.


The bank is grappling with its $1 trillion problem-loan portfolio and growing economic concerns.

[xchrom]

41. ...

:spray:

[Tansy_Gold]

44. Must be they forgot

that those "customers" they're so fucking worried about -- NOT -- are the borrowers who are struggling to pay on some of those "problem" loans.

that those "customers" may include the very people that are losing their jobs, or maybe their family members and friends.

Truth is, they don't give a flying fuck about the customers. It's ALWAYS and ONLY the stockholders.





wankers.





TG

[Demeter]

51. How the mighty have fallen

:nopity:

[Roland99]

42. NASDAQ and S&P turn green. Gold nearing $1,900. Dollar down. Oil down.

[Demeter]

47. 19th rec. Today I'm Putting a Stop to the Crazy

if only for a little while.

This Weekend features Escape!

I won't say what, or how...in fact, I can say no more! (That's a clue, everyone...if you can identify that quote, you will not only know what is coming, but I will find a suitable punishment...er, reward for your winning!)

The Younger Kid is on her way back with some of Grandpa's furniture in a 16 foot van. The house is empty, Sis and BIL are taking the rest to their place, and thus a chapter and a hang-fire duty is completed. Finally.

All that's left is to dispose of the property. Or not. He's talking of renting until the election, in hopes of selling to an incoming government employee...

NOT MY PROBLEM!

If more people said that, there would be a lot fewer crazies. Then the people who ARE responsible get left holding the bag...Congress, Corporations, Media. That's my theory, and I'm sticking to it.

[Fuddnik]

59. If it's a "Great Escape".

Just remember, we all get shot in the end!

[Demeter]

71. Wrong Guess

Thank you for playing...better luck next time (I don't do guy things, generally, not having any exposure any more...)

[Roland99]

56. Get ready for $160 billion de-stimulus in 2012: Goldman analyst

http://blogs.marketwatch.com/election/2011/08/19/get-ready-for-160-billion-de-stimulus-in-2012-goldman-analyst/

Federal fiscal policy (e.g., combined taxes and spending) is set for a $160 billion contraction next year, according to Goldman Sachs analyst Alec Phillips.

He assumes that emergency unemployment compensation expires on schedule in early January 2012 but that the payroll-tax cut is extended. “Just offsetting the expiration of existing measures looks like a challenge, let alone enacting policies that exert a net positive influence on growth in 2012,” Phillips said in a note to clients.

He also points out it’s very unlikely that any stimulus could be enacted to boost activity in the second half of this year.

“Any proposal that requires congressional approval would need to be attached to the Super Committee’s deficit reduction legislation to have a realistic shot at becoming law, since this seems likely to be the main focus of legislative activity later this year (this also appears to be the White House’s plan). However, the Super Committee is unlikely to vote on its recommendations until shortly before its November 23 deadline, and Congress probably won’t vote until December,” Phillips said.

[Roland99]

60. 2:25pm - bouncing around some daily lows

Dow 10,875 -115 -1.05%
Nasdaq 2,354 -26 -1.10%
S&P 500 1,129 -11 -0.99%
GlobalDow 1,790 -26 -1.43%
Oil 82.01 -0.37 -0.45%
Gold 1,851 +29 +1.58%

[RUMMYisFROSTED]

63. It's just a flesh wound.

[Roland99]

64. or not...new daily lows at 3:15

Dow 10,819 -171 -1.56%
Nasdaq 2,340 -41 -1.71%
S&P 500 1,123 -18 -1.55%
GlobalDow 1,785 -31 -1.68%

[RUMMYisFROSTED]

65. OK

[Hawkowl]

66. Ha!

:ROFL: Love Monty Python! Funny, I picture the knight as a metaphor for the European Union Central Bank.

[Festivito]

74. Debt: 08/17/2011 14,613,193,161,764.37 (UP 20,950,946,122.47) (Wed, DOWN a little.)

(UNDER the new 2011 debt limit of 14.694-trillion dollars by 319.193-billion dollars. Good day.)
molly came in and ate.
(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)
= 9,946,351,371,658.73 + 4,666,841,790,105.64
DOWN 155,359,363.72 + UP 21,106,305,486.19

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 313-Million person America.
If every American, man, woman and child puts in $3.20 THAT'S 1B$, and $3,198.06 makes 1T$.
A family of three: Mom, Dad, Child: $9.59, ABOUT TEN BUCKS for a 1B$ 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 312,689,792 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 $46,733.84.
A family of three owes $140,201.51. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 24 reports in the last 30 to 33 days.
The average for the last 24 reports is 11,260,428,669.65.
The average for the last 30 days would be 9,008,342,935.72.
The average for the last 33 days would be 8,189,402,668.83.
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$/day.
There were 218 reports in 321 days of FY2011 averaging 4.82B$ per report, 3.28B$/day.
Above line should be okay

PROJECTION:
There are 522 days remaining in this Obama 1st term.
By that time the debt could be between 15.3 and 18.9T$.
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)
08/17/2011 14,613,193,161,764.37 BHO (UP 3,986,316,112,851.29 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 +1,051,570,130,872.60 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * BHO
Endof11 +1,195,710,584,948.60 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
07/28/2011 +005,447,179,210.73 ------------*********
07/29/2011 +002,605,572,370.14 ------------*********
08/01/2011 +027,273,368,503.87 ------------********** Mon
08/02/2011 +124,683,694,907.85 ------------***********
08/03/2011 -000,098,125,325.28 ----
08/04/2011 -012,807,553,395.89 -
08/05/2011 +020,147,316,949.47 ------------**********
08/08/2011 +000,521,563,614.23 ------------******** Mon
08/09/2011 +000,429,866,034.74 ------------********
08/10/2011 +000,350,635,620.42 ------------********
08/11/2011 +004,850,153,175.74 ------------*********
08/12/2011 +000,032,128,181.66 ------------*******
08/15/2011 +025,439,150,731.40 ------------********** Mon
08/16/2011 -000,111,149,424.58 ---
08/17/2011 -000,155,359,363.72 ---

198,608,441,790.78 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=4965070&mesg_id=4965602

[Festivito]

75. Debt: 08/18/2011 14,620,196,583,424.20 (UP 7,003,421,659.83) (Thu, UP some.)

(UNDER the new 2011 debt limit of 14.694-trillion dollars by 326.197-billion dollars. Good day.)
Molly took to a walk tonight. Remained two feet away.
(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)
= 9,952,610,019,891.79 + 4,667,586,563,532.41
UP 6,258,648,233.06 + UP 744,773,426.77

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 313-Million person America.
If every American, man, woman and child puts in $3.20 THAT'S 1B$, and $3,197.98 makes 1T$.
A family of three: Mom, Dad, Child: $9.59, ABOUT TEN BUCKS for a 1B$ 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 312,696,992 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 $46,755.16.
A family of three owes $140,265.47. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 24 reports in the last 30 to 31 days.
The average for the last 24 reports is 11,553,625,587.31.
The average for the last 30 days would be 9,242,900,469.85.
The average for the last 31 days would be 8,944,742,390.18.
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$/day.
There were 219 reports in 322 days of FY2011 averaging 4.83B$ per report, 3.29B$/day.
Above line should be okay

PROJECTION:
There are 521 days remaining in this Obama 1st term.
By that time the debt could be between 15.3 and 19.3T$.
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)
08/18/2011 14,620,196,583,424.20 BHO (UP 3,993,319,534,511.12 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 +1,058,573,552,532.50 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * BHO
Endof11 +1,199,935,859,237.15 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
07/29/2011 +002,605,572,370.14 ------------*********
08/01/2011 +027,273,368,503.87 ------------********** Mon
08/02/2011 +124,683,694,907.85 ------------***********
08/03/2011 -000,098,125,325.28 ----
08/04/2011 -012,807,553,395.89 -
08/05/2011 +020,147,316,949.47 ------------**********
08/08/2011 +000,521,563,614.23 ------------******** Mon
08/09/2011 +000,429,866,034.74 ------------********
08/10/2011 +000,350,635,620.42 ------------********
08/11/2011 +004,850,153,175.74 ------------*********
08/12/2011 +000,032,128,181.66 ------------*******
08/15/2011 +025,439,150,731.40 ------------********** Mon
08/16/2011 -000,111,149,424.58 ---
08/17/2011 -000,155,359,363.72 ---
08/18/2011 +006,258,648,233.06 ------------*********

199,419,910,813.11 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=4966162&mesg_id=4967221