That’s right boys and girls, the alleged upturn in the housing data was

just due to weather

. Yes, analysts were surprised, but competent analysts were not.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.