joining us professor martin feldstein, harvard university professor of economics.o have you. we really want your opinion on this. you were so ahead of the game back in early 2007. take out the crystal ball for our viewers and tell us in the short term what you see for the year 2014? >> i think 2014 is going to be better than the last several years. for the last several years as you just said, i have continually said and said on your program, that i think that the economy is not going to do as well as the fed or others thought it would. but i think 2014 has the advantage that households have a lot more wealth that happened last year, as the stock market went up and as house values went up and that will translate into more consumer spending. and also of course, we don't have the pushback coming from higher taxes that we had last year, higher payroll taxes and higher personal income taxes. so i think we've got a shot of doing significantly better in 2014 than we did in 2013 and in previous years. liz: well this is certainly welcome news, coming from you. you have a lo

martin feldstein wrote years ago.n canada weakens. >> thanks also to chris whalen for being a guest host. coming up, chairman bill ford. ♪ .. >> a conversation with bill ford of the ford motor company. to recentt respond voting successes in dubai. surveillance.f globe.o takes a golden this is bloomberg surveillance live from our bloomberg headquarters in new york. where is the month going? i have tom keene the joining me. scarlet fu is here. cristina alesci is here as well. our guest host is senior analyst george ferguson on planes, trains, automobiles and anything that moves. here's cristina alesci with the morning brief. >> let's start and china. high after the central bank raised the currencies really rate to a record. economic data in the u.s. at 2 a.m. -- at 2 p.m.. willsh prime minister visit with president obama. joe biden is there leading the u.s. delegation. >> we have company news this morning. .> a big win for banks regulators watering down new concessionsd to -- for leverage ratios. speaking of wall street

martin feldstein said to be cautious. he said the american consumer goes. >> he is bullish.ingle best chart is coming up next and it puts the bull market in perspective. ♪ >> good morning, everyone. cristina alesci and scarlet fu are with us. >> we start with inflation in the u.k. growing to two percent hitting the central bank's target since 2009. prices fell from 2.1% in november as a drop in food offset a rise in electricity and gas prices. iesand behind thebeanie bab may be sentenced to jail today. the head of the company hid his money in a swiss bank account and he will be sentenced today. johnny manziel signs on with lebron james marketing manager. towill work with the manager work on projects. he will eat texas a&m to enter the draft this year. will leave texas a enter the draft this year. >> we will see what he will do in the coming weeks and months. i am not qualified to comment on the nfl. it reminds me of doug flutie. it has the same energy going. best look at a single chart on the equity markets. i am 110% in cash. >> it shows that although the gains may have fad