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Morning six-pack: What we're reading Friday

Governor Chris Christie of New Jersey.
Getty Images
Governor Chris Christie of New Jersey.

Happy Friday. Did you hear the one about the governor and the bridge? Maybe we can hum a few bars.

New Jersey Gov. Chris Christie is in big trouble. But as we all know, it's not really a scandal until the lawyers get involved. (Star-Ledger)

With industry-wide returns that have not even approached the gains of plain-vanilla index funds in recent years, it's hard to imagine what the allure of hedge funds could be these days. The "zombies," though, are making their case. (Alphaville)

Oh, the ignominy! We're about to come in second to China yet again. (CNNMoney)

What is a CES and why do we care? It's a show. In Las Vegas. Where they unveil really cool tech gizmos. Check it out. (New York Post)

Bad news for banks: The refi gravy train looks like it's skidding to a halt. (Wall Street Journal)

And, finally ... as if we needed to make it official, but Congress is now "officially the land of millionaires." CNBC's Robert Frank explains.

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.