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Listening to the broadcasters on some of the Business Networks, from Squawk Box (U.S. and Europe) to Fox Business, it is clear that the economic crisis facing California and its residents is either completely misunderstood or being ignored. Statistically, if California were a separate country (which many throughout the US believe is so) it would be one of the largest economies in the world. It cannot be lost on the national economy that more than 10% of the nation's population live in California and therefore, so it has not less than 10% of the housing market. The largest number and percentage … (2 comments)
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