let's bring in peter maurice c.. from the university of maryland. what was your take? people look at it as a lagging indicator how we were feeling couple months ago but that is the best levels we have seen in many years is it a think -- a sign of things to come? >> that index was highly correlated with automobile sales and there we're selling ev more cars with good prices it relates more to of the stock market than it does the broader economy and over the last nine months they have been cut in half next week we will find out the economy over the last three quarters and that is not very good at all. lori: so do you think there is any potential under that growth rate? is this the new normal? >> no. most economists do see things picking up in the second half. u.s. economy has enormous potential. looked at the rate of productivity growth in manufacturing. we do need to deal the currency pblems trying to grow at our expense of so we could get this economy going on all eight cylinders so we need to right puic policy. >> e economy was criticized for lack of specifics. >> i ha