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[0:31] ..." that have been showing at Saint Paul. But on the whole the housing market is not what we're going to be finding a lot of exciting news you know for quite awhile. Which is why I think analysts have to move on from that focus. Because we're not going to have good news in the housing market for quite awhile and so waiting for good news is that an equivalent waiting to win the lottery to pay your bills."...
[1:02] ..." open exchange of ideas. But the debate all whether the focus on interest rates and inflation continues and as a result that's causing people to be a little bit concerned. Well all as to which side of the table that that it is going to come down on. In a nutshell. Some people say that the Fed had to do what they did in order to preserve sanity in the market. Because of BS and -- that would raise the risk for the stock market and rattling too much people on the other side of the table say. No. What what other problems exist -- inflation if someone else's job and the only thing the Fed should be concerned about as inflation so therefore -- we should raise interest rates. Personally I think the -- has -- a great and keeping people employed as far more important than appointed to want inflation. And be the last point of respect for the Fed debate is that slow economic growth does not 'cause big inflation so I think the it is cynical."...
[0:00]" Time for our before the bell stark report is -- so's on vacation -- off the president CEO of Genovese she joins us this morning Bob good morning. Morning there and looks like we're after are pretty mildly bearish on Monday --"
[0:13]" Yes the late August. -- and so there's not a lot going on he the main reason that people I think a little bit -- a bearish mood this morning and they're anticipating existing home sales this afternoon. As well -- the new homes sales tomorrow. And both of those going to be relatively weak mean there -- some parts of the country that have been showing at Saint Paul. But on the whole the housing market is not what we're going to be finding a lot of exciting news you know for quite awhile. Which is why I think analysts have to move on from that focus. Because we're not going to have good news in the housing market for quite awhile and so waiting for good news is that an equivalent waiting to win the lottery to pay your bills."
[0:49]" Then that's not a good way to look. Also Fed policies enact anti action here."
[0:55]" Yes they they -- that meeting Doug Jackson hole last last week and I think good because the fact of the good open exchange of ideas. But the debate all whether the focus on interest rates and inflation continues and as a result that's causing people to be a little bit concerned. Well all as to which side of the table that that it is going to come down on. In a nutshell. Some people say that the Fed had to do what they did in order to preserve sanity in the market. Because of BS and -- that would raise the risk for the stock market and rattling too much people on the other side of the table say. No. What what other problems exist -- inflation if someone else's job and the only thing the Fed should be concerned about as inflation so therefore -- we should raise interest rates. Personally I think the -- has -- a great and keeping people employed as far more important than appointed to want inflation. And be the last point of respect for the Fed debate is that slow economic growth does not 'cause big inflation so I think the it is cynical."
[1:54]" What else is at work today for our Monday."
[1:57]" Well the last piece of news that people grabbing onto the fact that. Well we could let -- on Friday was that the Korean development bank made by Lehman Brothers which would be good news in the short run the Fed wouldn't have to step in. But over the weekend we noticed that the Korean regulators have warned the Korean development bank to be cautious they have because not all rosy."
[2:18]" Having said all that I would imagine that's one sake you're watching today Lehman Brothers."
[2:22]" You got a lot Lehman Brothers because that's going to be big signal as to what happened I think in the financial markets in general of the Korean development -- back off. That's going to create. A more bearish feeling over the next several days. Let's take a look at Mike Advanced Micro Devices for example they're selling -- digital TV business of Broadcom -- going to be good news so vocal. And also keep keep keep an eye on Fannie Mae and Freddie Mac and they still need. Money the Fed did not mention them what it would I think is significant but but that's going to be -- look at these stocks to watch."
[2:55]" We will keep an eye on those involved -- president CEO generation thank you for the update --"
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