No longer able to blame winter weather, economists see real weakness in housing

<i>Breakfast with Benjamin:</i> The truth of the housing market is about to hit. Plus: A fresh batch of market data to start your week; the rich have gotten richer since the financial crisis; stocks are being called overpriced; and why working for a hedge fund is better than working at your company.

APR 22, 2014

By Jeff Benjamin

As the winter weather melts away, economists are starting to see another problem behind a slowing housing market. The short answer is lackluster demand. Early-spring sales season “decidedly tepid”
U.S. markets will hit the decks running Monday as earnings season picks up where it left off before the Easter weekend. On the docket, Netflix and Kimberly-Clark are scheduled to report. Later this week the market will be looking for the Alibaba IPO. Meanwhile, Ukraine is still simmering
Contrary to all the fairness noise coming out of the White House, the economic recovery has been setting the table for the rich to keep getting richer. More than 80% of the post-recession rise in household income has been concentrated in the top 20%. Unevenly distributed income gains
The average stock is more expensive than it was at the dotcom bubble peak, according to Henry Blodget's math. The world according to Henry
Hedge funds continue to have all the fun. Compared to investment bankers, hedge fund employees get better pay, better hours and much better perks. A well-stocked bar, three meals a day, and an in-house psychiatrist

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No longer able to blame winter weather, economists see real weakness in housing

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