Keeps getting better out here...

[hideyoursheep]

What kind of bread?


Damn, I'm hungry.

[ZahZoo]

My parents own a nice house in Chula Vista and i've been telling them to sell it before it's worth about 1000 loaves of bread...

Similar thing here... parents house is in Santa Cruz. Paid for... Year and half ago it was valued at over $900K. Which is bullshit for a $30k house built/bought in the 60's... but it's lost about a quarter million in value this last year and falling.

Given their age they're better off staying put, but they could have cashed out and lived very nicely outside of California.

The markets there clearly need to get back to reality... unfortunately it will break millions of people and businesses financially. But a major correction is long over due!!

[Big Train]

As of today we are officially issuing IOU's.

I'll be buying up California bond issues on Monday. Since our credit rating is so close to being cut, which will effect the whole rest of the chain, the rates are up for bondholders. Of course it won't last long, as Barry will be forced to step in with the bailout he is so desperately avoiding.

Wouldn't want to have admit the bailout was a waste of time and energy. California's unemployment still picking up steam. Funemployment checks running out. Approval ratings dropping.