As I recall, the E-Mu software mixer is not very intuitive. I'm pretty sure you have a routing problem similar to What You Hear and Stereo Mix. I don't know where those settings are.
Also since you wrote "my problem is not any of these", why didn't you start your own thread instead of resurrecting a 13-year old thread?
Anyway, you're here, so do a little research yourself on the web until someone who knows E-Mu shows up (which might be awhile since this forum isn't very active. Try the SONAR forum , too, since you're using SONAR. This is the Music Creator forum, a product that has been discontinued.