Leadership Letters
Playing Smart Offense At a Time Hiding on Defense Wouldn’t Be Criticized
Dear Clients, Employee-Partners, and Friends of Jefferies, Similar to 2022, 2023 has been a challenging year as the transition from free money to a real interest rate approaches its conclusion. This has meaningfully curtailed, if not foreclosed, capital markets activity, as well as mergers and acquisitions. While this could have led us at Jefferies to
2023 Home Stretch
Team Jefferies, We have now entered our fourth and final fiscal quarter in a year that will likely be remembered by many of us as transitional – in the economy, markets, our industry and at Jefferies. We moved from a long era of low rates to a more balanced world of capital having a real
Motivating Start to August with Messages from our Interns
Each August, we reset and hear what is on the minds and hearts of our global summer intern class. We asked all 369 this year to take their individual best shot at setting the tone for our firm, which could be an idea, thought, perspective, observation, theme or objective for all of us to ponder/debate/achieve/avoid.
Chapter 3: A Boomer’s Guide to What Happens When You Can Earn 5% on Your Bank Deposits
In February 2022, we shared with you our thoughts about what happens when interest rates begin to suddenly increase…
Thank You For Wearing Our Jefferies Jersey
Jefferies is not our more than 40 wonderful offices around the globe.
Wonderful News From the Land of the Rising Sun
Today is another great day for all of us at Jefferies…
Normalcy Returns Faster Than You’d Think After Financial Crises
With the end of the first calendar quarter of 2023 complete, once again the financial world feels “on fire.”
Restoring Order and Calm
We do not believe the events of last week portend a repeat of 2008, absent serious miscalculations of present circumstances.
Boomer’s Guide to Higher Interest Rates – Chapter II – What Happens When Equilibrium Approaches?
Slightly over a year ago, we shared our thoughts about what might happen as the world transitioned from essentially “free money” into a period of painful “catch-up” spurred by rapidly rising interest rates (see our Boomer’s Guide). We discussed how this period was likely to: