Monthly Letter

The way I look at it in my business is that I am unemployed everyday when I wake up! However, I'm not included in those statistics that are reported as unemployment! This morning the headline read that the San Diego County unemployment rate had climbed. Well it did but.... It went from 3.7% in December (almost unheard of) to 4.3% in January. And to put things in focus last January (2006) we were are 4.1%. The way I look at it, we haven't changed much. You know the difference between a reccession and a depression is that in a reccession your neighbor is unemployed and in a depression YOU are unemployed. Steady as she goes Mr. Bernanke!

Don (858.486.9999)

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