Housing woes have not only caused lenders to fail and foreclosures to mount, but apparently have impacted the coffee market as well:

Blaming hard-hit housing markets of California and Florida for slowing sales, the coffee shop chain slashed its quarterly and 2008 profit forecast below Wall Street targets and said it faced the "weakest economic environment" in its history.

Now it is truly time to panic. At least, until Starbucks introduces a $1 coffee.

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