TODAY | January 01, 2014
>> all right, peter, thank you very much. now a look at what you can expect in 2014 . we're going to cover politics and the olympics in sochi in a moment but why don't we start with the economy and your bottom line. jim cramer is the host of cnbc's mad money . good morning, happy new year.
>> can we just look at the stock markets back in 2013 . the dow, the s&p, nasdaq, all up more than 20%. were you surprised by that?
>> wasn't supposed to happen. there was not great job growth . we had lots of worries in washington. around the world it was tepid but our companies made a fortune.
>> does that set us up well for the markets and optimism in 2014 ?
>> yes. it's going to be an even better year. i'll tell you why. last year was all about firing people to make a lot of money for the companies. now it's about hiring to grow the revenues.
>> so is this now, are you comfortable looking at me and saying we're in the midst of a real recovery. we talked a lot since the melt down of 2008 . we had fits and starts. we move ahead. we backtrack. is this the real deal for people on main street and not just people on wall street .
>> that's the difference. i think all the money has been made by the paper pushers. now it's going to be made by the companies that make things and that's who hires.
>> let's take a look at another thing that happened in 2013 and take a look at how it will effect us in 2014 . 2.5 million jobs were created in this country. the unemployment rate went from 8% to 7% which is good news. what's your employment prediction for 2014 .
>> we're going to go to 6.
>> we're going to drop another percent.
>> this is a good economy now. the jobs being created are regional, southeast because of oil and gas . any state that has oil and gas is doing well. aerospace has been very, very good. retail skomiis coming back. there will be jobs created that are descent wage jobs.
>> we read headlines that the united states entered a nuclear deal with iran. without getting into the specifics of the deal, if it creates stability in the oil markets, what will the impact be on the economy?
>> the one thing that's the wildcard that's always threatened this economy is sky high oil prices because gasoline goes to $4. if we can keep gasoline at the national price that will be good for jobs and consumer spending . we are a spending nation.
>> so you're bullish on 2014 .
>> one word says it all. happy new year, jim. good