Monthly Review - March 2023

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April 11, 2023

Our Perspective

For a long time, we have believed that the consequences of monetary and financial largesse, and more specifically, the swift reversal of these, will ultimately be the cause of the next crises.

In our opinion, many of the issues we now face, including the cost-of-living crisis, the boom-and-bust of crypto-mania, the excessive leverage burdening the global financial system and the failure of SVB/ Signature Bank, are all either direct or indirect outcomes of irresponsible fiscal and monetary policies over the last decade, if not longer One can even argue that Credit Suisse is an outcome of ever-lower cost-of-capital and poor controls combined with capitalist greed!

Our fear is that Central Banks feel obliged to reverse direction in fighting inflation too soon, and re-start policies which once again create moral hazard. That said, we believe inflation is likely to fall throughout this year, and that the coming battle relates to ensuring that overly rapid tightening of monetary conditions doesn’t break anything. Well…cracks have shown up! Tread carefully!!!!

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For further information on any of our services, or if you would like to arrange a meeting with an investment manager to see how we can work with you, please get in touch.

LeifBridge Investment Services
Shard Capital Partners
Floor 3, 70 Saint Mary Axe
London, EC3A 8BE
United Kingdom

Telephone: +44(0)20 7186 9900


We try to ensure that the information provided is correct, but we do not give any express or implied warranty as to its accuracy. We do not accept any liability for errors or omissions. The content of this brochure is for guidance purposes only and does not constitute financial or professional advice.


LeifBridge is a trading name of Shard Capital Partners LLP. Shard Capital Partners LLP is a limited liability partnership, registered in England with registration number OC360394. Shard Capital Partners LLP Registered office:36-38 Cornhill, London, EC3V 3NG.. Shard Capital Partners LLP is authorised and regulated by the Financial Conduct Authority in the United Kingdom, reference number 538762.

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