jenna: speaking of that, both sides of the aisle have pointed to european said, really our recovery is going to be dependent on what happens in europe because more or less we are inching along here at home. seeing again this switch in power in france and also in greece, what does that tell uts about the futurus about the future here at home? >> i don't think the recovery here is dependent on europe. certainly europe is a larger economy in aggregate than the kwrorld economy. for world growth it matters. i don't think european growth will be anything but weak no matter what happens in the elections. the immediate risk to the u.s. economy would be if we got another one of these banking crises, scarce that are going to circle the drain in europe the way we have last year and even the year before, that would be -- kind of cause risk aversion here, you have the banks not wanting to lend here even though it's going on over there. a lot of other affects. i don't think we are fend and the on it but it definitely will be a weak area of global growth. jenna: be a little skeptical, words from politicians and keep