Good morning. Happy birthday! The rally has turned five!

http://www.businessinsider.com/bull-market-birthday-2014-3

Labour productivity in the US. Looks like a flatliner…

http://blogs.wsj.com/economics/2014/03/06/productivity-in-2013-matched-20-year-low/

…which probably has something to do with this phenomenon…

http://www.zerohedge.com/news/2014-03-06/2-charts-explain-slowest-economic-growth-history

News on bitcoin! And no, not about the alleged founder who has been in a car chase…
http://www.ft.com/intl/cms/s/0/a8381228-a5a0-11e3-8070-00144feab7de.html

Difficult question here: spot the outlier…
http://www.bloombergview.com/articles/2014-03-06/ritholtz-s-10-thursday-reads-investors-and-silence

New data on US household assets: apparently they have never been so wealthy before

http://www.zerohedge.com/news/2014-03-06/record-71-household-net-worth-financial-assets

Which raises an interesting question (raised by the ECB): “Has US deleveraging ended?”

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1643.pdf

Randomness rules! But you need to read the article to understand…

http://www.fool.com/investing/general/2014/02/28/meet-the-worlds-luckiest-investor.aspx

Cool chart on where China puts its priorities…

http://online.wsj.com/news/articles/SB10001424052702304732804579420743344553328

Talk about cool charts!! And the best thing is that this makes sense to some people as well!

http://ftalphaville.ft.com/2014/03/06/1791212/why-the-new-shoeshine-boy-trade-is-shorting-volatility/

Interesting but otherwise useless fact…

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/03/06/the-33-countries-waiting-for-a-u-s-ambassador-in-one-map/

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