The big story of the week was the Dow reaching a new high, while the S&P 500 still has a little ways to go before also hitting that mark. A few other interesting stories topped the headlines this week; Rand Paul brought back the old-fashioned filibuster, while Latin America lost its most (in)famous head of state, but there was little news that wound up shaking up the markets. Another dose of decent-but-not-great economic data came out, and most markets continuing to behave as they did in the first two months of the year: the Nikkei is still climbing, the Yen is still falling, and so on. As it turns out, the post-sequester world looks quite a bit like the pre-sequester world. For something a little more exciting, we suggest our weekend reads:
- Why do they say “don’t fight the Fed?” Because the Fed always wins (The Economist)
- High grain prices are quietly eroding the nation’s conservation efforts (Big Picture Agriculture)
- The Inuit paradox, or; how to eat mostly fat without becoming it (Discover Magazine)
- The gas wasted in US traffic jams could fill 4 Superdomes every year (Texas A&M Transportation Institute)
- Fascinating pictures document the hollowing of New York’s underground (Gizmodo)
- Bridgewater’s Ray Dalio on the importance of knowing your weaknesses (Freakonomics)
- How Disney acquired the story told long, long ago in a galaxy far, far away (Businessweek)
