Quarterly Insights - Q3 2022

October 13, 2022

Dear Clients, Colleagues and Partners

“’TIS NOW THE VERY WITCHING TIME OF NIGHT; WHEN CHURCHYARDS YAWN, AND HELL ITSELF BREATHES OUT CONTAGION TO THIS WORLD.”          

- WILLIAM SHAKESPEARE

I used the above quote in a commentary I wrote exactly 14 years ago to cover the events which unfolded over the third Quarter of 2008, following the default of Lehman Brothers and the consequent sharp fall in global asset prices. The contagion which was unleashed by that event rippled around the world and created a very real existential risk to the global banking system, given that fractional reserve banking is by its nature deeply interconnected and deeply leveraged.

As we all know, governments & central banks rode to the rescue (as is their remit) and in time things were stabilised. However, what were termed at the time as “temporary” monetary measures turned out to be very permanent. This has helped create the conditions which have ultimately led to the most extreme overvaluation of bonds (and in some cases equities) that the developed world has ever seen, and which we are now witnessing unwind…

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CONTACT US

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
Email: Info@Leifbridge.com
www.leifbridge.com

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IMPORTANT INFORMATION

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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