econintersect .com

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

What We Read Today 06 January 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

Goldman Says JPMorgan Should Break Itself Into Pieces (Hugh Son, Bloomberg)  Goldman Sachs has determined that JP Morgan Chase could "unlock value in most scenarios".  The company as structured is trading "at a discount of 20 percent or more to stand-alone peers" according to the assessment.  Tougher rules have been proposed which will penalize firms for size and complexity.  This contributes to the value that could be released if the world's largest investment bank (which competes with Goldman Sachs) and the largest lender in the U.S. were broken up into at least two parts and possibly four or more.

TREASURIES-Long bond yields hit multiyear lows on safety buying (Reuters) The yield on the 10-year U.S. treasury bond traded down to 2.02% today (Monday 05 January 2015) amd closed the day at 2.04% as oil and stocks sold off strongly.  The 2% level has been identified as key support for the bond (The Treasury Magnet).  The long bond (30-year treasury) saw yield dip to 2.59% with a close at 2.60%, decline of 1.3% since the beginning of 2014.  The slope of the 5-year to 30-year yield curve has flattened to 1.03% over the last year from 2.20% a year ago.  Steep yield curve slopes are associated with expectation for a strong economy.  When the curve completely flattens to no slope (or inverts so that short-term interest rates are higher than long-term) a recession usually follows.

Nobel Laureate Stiglitz Blocked From SEC Panel After Faulting High-Speed Traders  (Dave Michaels, Bloomberg)  Republican SEC (Securities and Exchange Commission) Commissioner Daniel H. Gallagher has blocked the nomination of Columbia University Economics Professor Joseph Stiglitz who had been proposed for an advisory panel by Democratic Commissioner Luis Aguilar.  Stiglitz has said that he thinks HFT (high-frequency trading) is not good for financial markets and the practice should be taxed.  Stiglitz's reaction:

I think they may not have felt comfortable with somebody who was not in one way or another owned by the industry.”

ESPN will be available through a streaming service, no cable required (Cecilia Kennedy, The Washington Post)  The cable model for content delivery may be about to die.  Dish Network has announced that it will offer an internet streaming service that will deliver ESPN, ESPN2, CNN, TNT, Food Network, HGTV and the Cartoon Network that will be completely separate from its existing cable and satellite packages.  This may become known as the epoch when TV left home* to travel with each individual and their personal communication devices (phones, tablets, etc.).  The move for ESPN to join other networks such as HBO, Showtime and CBS in the new delivery mode may mark the end of the cable era.  The offering will be available through Dish Netwrok's subsidiary Sling TV.

*Of course, TV can come home to the big screen at any time desired by use of a simple USB cable connecting the personal device to the "home base".

Articles about events, conflicts and disease around the world



Race Relations and Related News










  • Remote Control (The New Yorker) Can an exiled oligarch persuade Russia that Putin must go?

North Korea






Do not miss "Other Economics and Business Items of Note", the final section every day.

Please support all that we do at Global Economic Intersection with a subscription to our premium content "behind the wall".

There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.

You get a full year for only $25.

The rest of the post is for our premium content subscribers - Click here to continue reading. If you have forgotten your login or password - send an email to info at

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

Econintersect Behind the Wall

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved