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interesting. Word on TV last night ("This Week in N. Cal") is that it looks
like economic crisis may deepen, although talking heads pray it won't.
commercial foreclosure are at an all time high according to this guy with
50% of commercial real estate "under water". Moreover, residential
mortgages are forecast to take another nose dive as a new crop of
fluctuating rate loans move beyond their initial teaser period this year and
in 2011. TV expert says don't expect bank failures to abate any time soon.
Meanwhile unemployment in many semi-rural counties like mine in CA is
approaching 20%. I was thinking the other day that it seems like the
redneck "lumpen proletariat" is the largest social class around here
anymore.
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