roger ferguson is the former vice chairman of the federal reserve and current ceo of tiaa-cref, leading retire temperature services provider. he says america is facing a retirement crisis and he is passionate advocate for retirement education. always wonderful to have you on the program. >> thank you for inviting me back. >> let me get your take on the broad economy. it feels like we have been seeing improvement. what's your take on the u.s. and global story right now? >> the way with it feelss in substance the way it is. we are seeing a little improvement. as you probably knoww the fed's beige book came out receny and there were signs of improvement there. on the other hand there have been some disappointments. are retail sales growth was lower than expected. jobless claims are not showing consistent improvement week over week. i'd say where we are is where we have been for some time, uneven, slow, bumpy, recovery, but a recovery, nonetheless. >> momost people are looooking europe as this wild card. do you see a decoupling, i hate to said that because we thought we were and realized we