Important Change at Across the Curve

March 24th, 2009 8:55 pm | by John Jansen |

Change is a simple one syllable word.  Barack Obama convinced the nation that he is an agent of change and earned himself a seat in the Oval Office for four years.  In the 1960s singer Sam Cooke wrote and sang a moving ballad, “A Change Is Gonna Come” which captured the ethos of that time.  Spring is upon us and the cycle of change will transform the natural world in a most elemental way. 

          And so it is that I will shortly implement change at Across The Curve and I wish to describe the changes and my reasons for them. 

          Let me begin with the reasons first.  Writing this blog is a labor of love, but it is work, nonetheless.  Most days I am scouring the internet for relevant stories at 6AM and I generally do not finish until 4:30PM.  Those who have been reading the blog for a while know that in the crisis period from July 2008 through November 2008, I updated the blog throughout the weekend as stories broke.  In several instances, I was one of the first commentators to offer a cogent opinion on the swirling events.

          My point is that the fine product which I produce does not just happen, but requires solid effort.

          Now a brief personal note.  I did spend three decades on Wall Street, but never hit the financial home run.  I certainly did quite well, but the exigencies of circumstances and life are such that I do not have financial security and need to spend several more years earning some money.  I am currently dipping into the pot of capital at Across The Curve and by the end of this year that process will become painful.  Consequently, I need to earn some money.

          Therefore, beginning on April 11, 2009 I will begin a password protected system under which some material will remain free and other material will be available for twenty-five dollars per month.  I plan to keep my opening comments free and place my constant sector updates behind the veil of password protection.  Everything will be freely available on the web five business days after it is posted.

          I do not do this lightly nor do I do this without some trepidation.  However, the price is quite nominal. If I assume twenty trading days in a month, then it is just $1.25 per day.  On an average day I post about ten times a day.  That works out to about 13 cents per post.

          More important than the cost is the benefits that many have derived from my efforts.  Many readers have written to me and have thanked me for the insights I have offered because the factual information which I am providing has helped them to crystallize their thoughts and has helped them to trade profitably.  The credit markets have been the gateway and the lead market for most of the last eighteen months and have driven movements in other financial markets. 

Against that background, the information I publish has also been invaluable to traders in the equity market and the foreign exchange market. This blog is also an important tool and resource for money mangers that are too small to garner extensive coverage from Wall Street. I think that the blog fills an important void for those professionals who might otherwise fall between the cracks and keeps them in touch with the heartbeat of the markets. It is universally useful and traders in the different markets have written to me of its pertinence. 

I wish very much to continue to publish this blog.  I need your help, your understanding and your willingness to pay a nominal monthly charge.  Thank you for all your kind words in the past and for your future support. 


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  1. 57 Responses to “Important Change at Across the Curve”

  2. By BJ on Mar 26, 2009 | Reply

    I like the blog, but not enough to justify the fee. We’ll see how I feel next month without intraday access to ATC…

    I would seriously consider the fee if you can provide additional commentary, prices levels, etc. It might be helpful to hook up with additional folks to create a like site (buzz and banter) for the fixed income markets. Could be very profitable! I would suggest adding some corporate bond, high yield, bank debt, distressed and non-agy RMBS commentary.

  3. By Nancy on Mar 26, 2009 | Reply

    I am glad you posted this, so that people could comment.

    I’m just a quirky old woman who has absolutely NO positions, no vested interest; I have no bonds, stocks, nothing really but a deep fascination with what has transpired in this world over the past few years economically. I am an historian and an infomaniac, and I dont want these amazing events to be forgotten.

    So it hasnt been your Bond numbers I’ve been looking at, it has been your synthesis of information and what YOU think about that information. I know you work hard at this, just as, I’ll bet, you have worked hard at your job on “da Wall Street” all these years.

    Now, one reader commented that you might have some copyright/fair use issues; I thought that was a good point. However, you being where you are, you may have other sources than standards like Bloomberg.

    I have read some saying that 25 a month is too expensive. I think they may be right. You might try lowering your monthly, save your critical content for paid users, but continue to every once in a while post an essay, opinion, piece, an interesting link, or whatever. Then you can see how the wind blows. I mean, you still need to continue to expand your readership so… will need to have something to draw them in.

    Another thought is to put up a tip jar for donations. You might be surprised, one way or the other (heh), as to how much you make. Some of the more successful folks will place a paypal donation link, and every so often, moan a bit to their readers to donate. This approah is kind of like that resturanteur who stopped pricing his meals and is just asking people to pay what they think it is worth.

    I just wish you the very best of luck, and I think your should do more writing, on whatever you are inclined to write about.



  4. By Vikram on Mar 27, 2009 | Reply

    Many of us reading the blog do not trade bonds. In fact most retail investors will primarily trade ETFs and do not have the *NEED* for the detailed information. What I do appreciate is the insight.

    $25/month is frankly at the higher end of what blogs charge. An equity oriented blog I pay for has a lot more updates, at least a hundred updated charts (equities) with a whole bunch of expensive to buy indicators, and snippets of commentary from tons of important research providers. $25/quarter is something I might consider; else I will just peruse it on a weekend or something along that line.

    Advertisement revenue is perhaps the best model for income generation. Since your blog is specific to bonds, there are not that many web-sites which offer web-real-estate you will have to compete with; the payment per click is likely to be fairly high.

  5. By Robert on Mar 30, 2009 | Reply

    Just started reading your posts and find them very helpful, but hard to understand the shorthand for this newbie. $25/month is way out of my range. Anyway to get some advertising to support your efforts? There are a lot of discount bond dealers who are trying to attract new clients.

  6. By JL on Mar 31, 2009 | Reply

    Tip jar is indeed an excellent idea…
    Can’t afford the fee JJ.

  7. By Maximus on Apr 2, 2009 | Reply

    I really liked Matt’s dutch auction idea, personally I also don’t day-trade, am a blog reader and fan for clarity and commentary. I think I could afford in the range of 10 for the insights, 25 just turns me away at this time.

    Awesome blog though, my preferred and trusted source for fixed income analysis.

  8. By Philipp on Sep 5, 2015 | Reply

    Spot on with this write-up, I seriously believe this website needs a lot more attention. I’ll probably be back again to read through more, thanks for the info!

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