SierraMoney

Arnold says CA will have a $41.8 bil deficit through 2010...perhaps our prediction that the recession will last another year needs updating!

Back from the mall. There are finally more people, but only in select stores. KB is going out of business and it's still not busy.

Bank repos account for 7 of 10 homes sales in Sacramento: http://snurl.com/7vqri [www_sacbee_com]

CA foreclosure holiday comes to a close, foreclosures up: http://snurl.com/7vr0f [www_sacbee_com]

Stiglitz on what happened to the economy: http://snurl.com/7vskc [www_vanityfair_com]

San Francisco begins the feel the rest of the State's pain: http://tinyurl.com/5embpz

Foreclosure figures for 2007 high, in sync with what we're seeing locally: http://tinyurl.com/5hamre

Good Friedman article. I think we're looking at 2 years at best, though. http://tinyurl.com/5sox4z

Housing starts, consumer prices well off predictions: http://tinyurl.com/6glbtc

CA Central valley homebuilders in dire straits: http://tinyurl.com/9netra

All housing gains from Bush admin gone: http://tinyurl.com/d4vy3x

One in six homeowners are now underwater. http://tinyurl.com/azqw86

Our "weekend at Bernies" is over: http://tinyurl.com/b3lbvv

retweet: @theeconomysucks The Crisis of Credit Visualized http://vimeo.com/3261363