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what is your uh thought when it comes to a 50 basis point cut in September um do you believe that is likely and if so uh what is the potential impact on the markets especially with this big sell-off that weamp;#39;re seeing right now sounds good hey good morning Frank and thanks for having me back on your show so a 50 basis point rate cut that seems a little outrageous right now I know markets are pricing in a pretty high percentage of that but keep in mind we just had one data point the market is trying to make a conclusion out of one or two data points we have so many other strong data points still including you know GDP in the second quarter was 2.8 third quarter GDP looks like itamp;#39;s around 2.4 2.5% the data is still respectable yes itamp;#39;s lower but think about this the unemployment rate is still about 4.3% so we at this point in time we donamp;#39;t see a 50 basis point cut in September because we get a lot more data points between now and that meeting plus we get ob