sweet, dear paulette! one of my all-time favorites!

To be blunt, as only you know me to be, I've been consumed with capitalism. Spring, Summer, and Fall are the "go-go" months for me. Winter I take it a little easier, although Bush's economy has been velly, velly good to me...lol! I will admit that one of my businesses deals in mortgage credit...that one is taking it on the chin! My people are going through triple the applications to qualify buyers, for the same money! Geez, you better walk into my office now with a 650 credit score, solid job history, and some down payment from Grandma or you're not owning the keys! Borrowers with adjustables are headed down the highway to hell. California, here's a prediction, is headed for serious, SERIOUS real estate appraisal adjustments. Las Vegas is soft. Michigan is terrible. If you live in Michigan, run for your life. That state is headed for trouble. Ohio is down. Florida is getting hit hard. My California borrowers are in so much trouble for 2008, that I really hate to mention it in open forum such as this. They can't afford the homes they're in, they aren't paying anything towards the real balance, many loans are interest-only...nightmare scenerios. Appraisals are down 20% across the board. Sub-prime disaster has hit hard and 2008 is a complete wildcard. My government contracts are booming, love the government contracts. Investment-grade art market has been off the charts terrific this season with the dollar being so weak, my overseas clients have been stealing major pieces. Fine with me, I still cash the checks. Been keeping mighty busy, Paulette. But just for you...I'M BACK!!!! It's cold outside...let's change some lives...what do you say?