Yes, we’ve known for a long time that the real-estate crash/foreclosure crisis is really bad. But just how bad is it? According to today’s Wall Street Journal, “Nearly eight million households, or 15% of those with mortgages, are behind on their payments or in the foreclosure process.”
Yikes!
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I have a terrible, hard-to-shake suspicion that “Vienna” is going to be the second-most popular girl’s name in the country in about three years.
(Sigh.)
Am I the only one who believes that the real intent of reality TV is to provide a privately run economic stimulus program for third-generation trailer-park residents? Convince me I’m wrong.
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Brave New Whirl 