I had promised myself that, this week, I would put an end to what has become my ritual Friday Pessimist Blog Entry on the state of the economy. Good thing, too. Everyone else is jumping on the bandwagon this morning. For those of you with an interest in worst-case scenario survival, here’s a quick-read eye-popper explaining how, essentially, mortgage defaults in San Diego have caused havoc for the entire nation of Iceland.
But look on the bright side, everybody. With the price of everything going up, and up, and up, surely home prices will follow suit.
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