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To: SouthFloridaGuy who wrote (1223)	8/10/2007 10:56:40 AM
From: John Vosilla	Read Replies (2) \| Respond to of 1718

Trump on CNBC again today freaking out about Bernake needing to cut rates.. So we need 2.5% fed funds in the next six months to save the day? All I heard for many months is it was we have a global boom and it is only subprime and will be contained? Financial institutions need positive yield spreads but the dollar is close to falling off a cliff. Bottom line is this country can't afford Iraq, dollar protection and housing bailout at the same time. And what if long term rates shoot up creating a nice steep yield curve again? Is 8% fixed rate mortgages gonna save the day either? I think Bernake is doing the right thing by doing nothing for now..