mr. cahill: i totally disagree. if you look at the timing -- the markets, on august 17, that was the top. that was the exact day the chinese started to talk about devaluing. that caused a global prove scare that triggered the u.s. to go down. the fed, 25 basis points is a rounding error compared to what is coming. mr. haynes: we agree with that. i think, ironically, the fed' s probably doing damage because of uncertainty, not because of whether he goes up or down 25 basis points. i feel for the fed members, because it is hard to affirmatively do nothing. they can say they think the best remedy is not to raise rates, but because they are doing nothing, it is viewed as gary: janet yellen is watching this program, so what advice would you give her in terms of laying out a clearer message? mr. haynes: from a communication point of view, she is doing a great job. right now, she is over watched. has become an echoed chamber with everybody said watching and then everyone is breaking down what words she chooses are when she