Lehman Brothers

Keep Calm & Carry On

“Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption...”

FANG Futures Launch

"There is nothing wrong with observing that the new era tech stocks are stupidly overbought, and that the risks are to the downside in the coming months. You can be bearish on FANG without thinking all stocks are going to zero."

Paradise Papers: Massive New Leak Exposes Tax-Haven Secrets, Links Wilbur Ross To Russia

A huge new leak of offshore tax-haven documents dubbed the "Paradise Papers", reveals again how the ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens. They also reveal that Trump's commerce secretary, Wilbur Ross, is shown to have a stake in a firm dealing with Russians sanctioned by the US.

NY Fed President Bill Dudley Retiring

Late on Saturday evening, CNBC's Steve Liesman reported that Fed vice chairman Bill Dudley, a former Goldman managing director and chief economist, not to mention a key figure in "the unprecedented government response to the financial crisis", is expected to announce his retirement as soon as next week. 

Previewing The September "Hurricane-Disrupted" Jobs Report

Tomorrow's hurricane-affected September jobs report will be... confusing. That is the (lack of) consensus from Wall Street analysts, who expect an average print of 80,000 (down from the 3-month average of 185K), however with huge variance on either side, with 4 economists predicting a loss of jobs, three expecting a print higher than 150K and one optimistic forecaster going as high as 260,000.