The Pain In Spain Spreads Mainly Through the Plains

Home foreclosures in Spain, which disproportionately affected lower-income immigrants after the real estate bubble burst, are spreading to formerly well-to-do families and businessmen as they run out of ways to pay mortgages in a deepening recession.

I've used this illustration before but it bears stating again - stalls occur at different point in time and at different positions throughout the wing of an aircraft.  It is not as though the wing stalls all at once.  The stall spreads as airflow is diminished.

Watch the whole thing and yes, I agree it is about as exciting as watching paint dry or grass grow.

“Repossessions are encroaching further into the city centers, like an overflowing river,” said Emilio Miravet, head of real estate finance at the Spanish property unit of advisory and investment firm Catella AB. “At the beginning of the crisis, it was homes in the periphery areas belonging to the less affluent that were being foreclosed upon.”

'like a river that don't know where it's flowin'... I took a wrong turn and I just kept goin'....