What a Sunday. Walking down the stairs with our two beautiful babies in tow, tired eyes popping at the candy and colored eggs scattered down every other step; attending mass with the wife and kids; driving back home with the sunroof open—the sun is bright and invitingly warm after a very long and cold winter. Yes, summer is on the horizon.

Friends are now scattered around the house. I’m alone in the kitchen making my famous lamb-chop dinner. People are downstairs watching “I Am Legend,” starring Will Smith, and the kids are playing with their cousins. Lots of fun sounds and laughter in the house today. I should have at least two hours of cooking, sipping Henriot Rose Champagne, watching Bloomberg, and surfing the web—love it!

Interesting times we live in. Bush is diligently trying to improve his chances of “leaving a positive legacy,” at least the one “he” would like to leave. What went wrong? It wasn’t all Rumsfeld’s fault Jr., although putting him in that position was clearly a mistake. Is that really still up for debate (or allowed to be)? Where was Colin Powell? Is our country really going to stop listening to the men of ability and men of achievement?! Please don’t allow the Democrats to nationalize mortgage banking—or anything for that matter! Oops, did I say “nationalize”? What’s the difference? Has anyone really taken time to look at some of the suggested legislation? Capitalism and free-markets cannot be fractional; they can only be what they are for them to sustain life.

The lamb is looking great. This is going to be one of the good ones; it’s really coming together well. My two year old son, Jett, brings me his new Easter Pez dispenser with a new block of candy to install. He’s so smart! Time to make the Roma, cucumber, Kalamata olive, champagne, cilantro, and cucumber salad—the last step to a perfect four course. This is going to be amazing!

There is an economist for Bank of America on Bloomberg predicting that the dollar has not stopped its continued down-ward spiral, and that the recent improvement was simply positioning for the Easter weekend. Really? Sorry, I don’t buy it. What if the dollar did gain strength substantially in the coming months? What if gold and other commodities lost ground? Well, the Fed sure would be breathing a sigh of relief due to the fact that they are getting ready for rates to plummet. The future recession is laughing in our general direction with the rude statement—“resistance is futile!”  A fun question is “what if 30 year fixed mortgage rates dropped under 5%?” Is this a prediction? (Only if it actually happens!) But “happening” I think is a real possibility—the stars are lining up my friends. There will be a few mortgages to do if that does happen, and there are, for sure, a few less companies to pick up the massive increase in business.

Multi-tasking can be a form of entertainment on its own. Cooking, watching the news—I’ve even got the laptop open, and I’m reading up on the ideas of “The Long Business Cycle.” Check out http://www.kwaves.com/kond_overview.htm. That Kondratieff fellow may actually have something here, or at least his theories and ideas sure are going to become a lot more popular. But “when” (or when will the season change) is the biggy. If the rates do fall and we see a temporary ability to control, and possibly reduce inflation, well, “they” will all certainly think that this “Goldilocks Economy” is here to stay. But that is only “thinking in the moment” my friends. You bet I’ll take another two to three years of, blow your mind, low interest rates! I should because it’s the last time I will see it for a long while after the season is over, and I am a Mortgage Banker.

The lamb just came off the grill, my beautiful wife and our friends just came upstairs from finishing their movie, “I Am Legend”—really strange looks on their faces. I’ve gotta watch that tonight when the kids are in bed. Plates are going down: lots of amazing smells, laughs, and a new bottle of my favorite cab awaits—dig in!

Dishes are done, thanks honey—and mom. Family and friends are heading home; giving the kids their baths; love reading the bedtime stories! Easter cookies are calling my name—need a snack for the movie. House is quiet, heading to the theater. My wife makes the cookies every year, and they are amazing!

The movie is over—I now understand why they had that look on their faces—good grief! I, personally, will take an era of low-level stagflation, possibly coming after the next two to three years, over that scenario any day! That was a great day—can’t wait for tomorrow—headed off to bed…