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The Company intends to announce its full year results for the financial year ended 28 February 2023 on 16 May 2023

It's a difficult balancing act for all Central Banks.

If they don't raise interest rates enough to reduce inflation, inflation persists for longer.

If they do raise rates enough to reduce inflation, more banks may falter.

It is the responsibility of Central Banks to do their best to maintain financial stability, however, they can't foresee everything.

We're still paying for the 2008 global financial crisis. The low interest rates and quantitative easing were needed to stop a global financial meltdown as a result of the 2008 crisis.

We're in a different environment now, we no longer have the interest rates and low inflation we had before the 2008 crisis so Central Banks haven't got the same ability to manoeuvre.

To lower interest rates now would end with higher inflation and inflation lasting for longer.

Inflation hits people's purses harder than interest rates.

So, central banks need to continue increasing interest rates to get inflation down.

Maybe at 0.25% rather than 0.50%, however, that may mean inflation going on for longer.

It's a difficult balancing act for all Central Banks.

From the FT

UK inflation unexpectedly accelerated in February, adding to pressure on the Bank of England to raise interest rates again at its meeting on Thursday.

The annual rate of consumer price inflation rose to 10.4 per cent in February, the Office for National Statistics said on Wednesday.

That was up from 10.1 per cent in January and higher than the 9.9 per cent forecast by the Bank of England and economists polled by Reuters.

Core inflation, which strips out volatile food, energy, alcohol and tobacco prices, also rose sharply to 6.2 per cent in February, up from 5.8 per cent the previous month.

That exceeded economists’ expectations of a slowdown to 5.7 per cent.

BB - even the professional investors didn't see Sheincoming. The likes of Jupiter and Aberdeen.

BB - estimates are that Shein is worth anything from 50 billion to 100 Billion USD.

BB - Boohoo had the potential to do it. Shein came in and took that potential away from Boohoo

scb - shows how little you know. Global fashion market is worth 1.7 trillion US dollars. Boohoo could have made it to 100 bagger. Unfortunately, Shein has stolen this from Boohoo.

Level5 - As Wasabi Frog Limited and not as Boohoo. Please check the Company Accounts Link.

scb - unfortunately, Shein became the 100 bagger that Boohoo should have become.

scb - still acting like a 15 year old

Holders of $17bn of Credit Suisse bonds will have their investment wiped out following the bank’s takeover by UBS, in a surprise move that is expected to cause ructions in European debt markets when they opened today.

And the crisis spreads further to the bond market…

Is this the beginning of the fallout ……..

scb - please don’t take everything at face value that you find on the internet. Always check it out elsewhere.

I think you need to look at the accounts for Boohoo, known as Wasabi Frog Limited in 2008. Boohoo was an extremely small company in 2008 and as I said was known as Wasabi Frog Limited.

I've no idea where your article link got its information, however, I think the year 2008 for it is dubious. It probably should be for a year after Boohoo listed on the London Stock market in 2014. Could be for 2015, 2016, 2017 onwards.

Boohoo didn’t exist as Boohoo in 2008. Boohoo was known as Wasabi Frog Limited in 2008.

To check Boohoo’s company accounts for 2008 when it was known as Wasabi Frog Limited, you need to go to this website https://find-and-update.company-information.service.gov.uk/company/05723154/filing-history?page=4

Please read everything in the link below for the Wasabi Frog Limited company accounts up to 28 February 2009. I think Wasabi Frog Limited only bought the Boohoo Domain Name in about 2007.

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/B4OmE2q0aAHMDwAuKaixkMqdfO4Wo4gQVfEltWu0EQM/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3N5UDCMU7%2F20230320%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20230320T034550Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEJ7%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIQCNbl4vJDtJRpjzxsmpF%2B0m4lbdNistDHnMvAQp55D7ZwIgBSvwBkTnRsCasIH1A5NrN8OhOeuKVauSHz0HjMXQRj4quwUIZxAEGgw0NDkyMjkwMzI4MjIiDNV19c%2Bn8fbZ4Xv9QCqYBQmVF4mDsj5QzVlIn7jKW5iD%2BGvMMgwCLBU08nrivpXHf2at4GOV9EuAWkCpX8H42Y0QB06i%2F9Xpgs7uLIP6YUESibTqQwPVwoBb9cxBpFU7nRGWl%2BccQyhgqoKQIGs2s7%2BKVunjC%2Fesb5jOt0dmNhP%2BtoXQPK2LBBsTuIDxjDCgwRurun209oOMLwvWitCWVqbEjLszPhjJ6t5bdkEuCtSDz1Q1D6%2B09o8p%2BOEij%2BWN083XbGfcHk4cw%2FeRl0Ro%2B8z3C85xfU0cQSkvTNmFONRMut4ekv0kH0%2Bc2X622resC%2BDzjpru7%2F3OJaHSzD2J2zgJLZJk%2Fb2CD0fT4QdJjMDxZl56gSTR7s2TP%2FVXgNnngPhS%2FYUjC%2BxcKPSsWlzjrwoBMOjv80fUhurOoErFvrvA6VSQ6cZEz4vl4Iwp3kG3OT3BGU8K5%2FAFyA7xqEpjgv6%2BMfQEVjBW1NPHG806yA%2BiONf4Y4m5DIvdpuOjTNw1aT1vVCDC6radkEgddQtqDfAHhTDstZpaQLO0JCg4R1pfKEvfYPqDD8crv9rsW%2Fw3P6Tsc5wArH9vzS8nS7vCG01euZcUbbjHFTFlInlkSrC90R8HJdSHknhmr%2FH3cBvvCJG5JcRccs6Z68fN5IAA6LaIldm1q1TZ5BVgxFJHuG%2FxpgnjBhE1GXqT2q%2BqH8ZuGM4KCNtaYenNUYDxDHE55s61nyelJiN8H17N5198c6Ood9Dmo1joAomBg2BxlP7qf5AZmI8WJyX3W2ob%2FQGrURUuBc8FWwT7LyQsndniNbzkH4MehtyguYLG88e1GY2IhxDaEoJUcKiEst2LfXir5Es4j4%2FWnVlPoq2Xh1%2BCUpetTV5vrS41DDF2wRC3DPxcmc5%2FMNb6QBMw84jeoAY6sQGu%2BudKw6JyhUx8%2FXQGY9a%2BwxrH67xYfgQA6ldDm2iVuY70O9EFGZ5zngpfPBvm%2FVS9NDHn0yDL6UIWWfbpukCewXIc7HwjSjj0VP0fxgMdK1vNf9vylJbxoCIUS5VTEb6i85Id1YUtaGYziUimHunyOIPOVTvZ0Q%2FqKaoi5JMFxFKfVzv1I%2Bq5ZHqcUh1nGaEUSF70R1ELJUHrzxOe4%2Fu58Op%2BjOsUfSQBb6y%2Fi28aKUk%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=644d8217c705e3b4f5e0d23c09af0636b694dc6e297a6c061ec6b27f30f4b5f4

The point is, not by me, it's from what I've read.

If the Fed and any other Central Bank. like the Bank of England (BOE), slow down the necessary interest rate rises to reduce inflation, then inflation remains high, lasts longer and leads to recession.

If, however, they push through the necessary interest rate rises to reduce inflation, then this means, for example, more retail banks could fail which brings financial instability.

Another problem arises , for example, for UK pension funds, which are mainly in bonds, they may have to sell their bonds at a loss for regulatory or some other purpose.

There could be more fallout, than we can possibly imagine.

From 2008 onwards Central Banks had to lower interest rates considerably and to use quantitative easing, etc., to combat the global financial crisis. If they hadn't done this, then there would have been a global financial meltdown in 2008.

The problem we have now is that Central Banks are no longer in a high interest rate environment as in 2008. Interest rates are low and so Central Banks, have little leeway with the present low interest rates.

So, if any Central Bank reduces their interest rates, for example, to save their retail banks from failing or to save their pension funds from having to sell their bonds at a loss, then their inflation will remain high, last longer and lead to recession.

The Central Banks like the Fed and the BOE's job is financial stability. It's a difficult balancing act to get right for any Central Bank.

What is happening now is still as a result of the 2008 global financial crisis. It is not the fault of the FED, BOE or any other Central Bank. It is the fault of the retail banks back in 2008 who invested their money badly and had to be rescued to prevent a global financial meltdown. We're all still paying for the mistakes of the retail banks back from 2008.

Retail Banks are the likes of Barclays, Credit Suisse, etc., whereas the Central Banks are the Banks which set interest rates like the USA Fed, UK BOE, EU Central Bank, etc.,

I hope that helps your understanding of what I'm trying to put across.

I couldn't sleep, got up early and ended up on here.

Yes, I know, madness is in the air or maybe even spring with any luck.

Thank you Level5, I'll have a look.

Any thoughts from pipedreamer, he likes the horse racing.

scb - your posts only prove to show your own ignorance and not mine.

Sometimes, I think you must be a 15 year old with the way you behave in your posts. You never read anything in full and so you never learn anything. You think because a share has gone down in value it will come back up again. Some do, some don't. You think you're some sort of expert when it's clear from your posts that you're not.

Most eyes will be on Cheltenham today and the Gold Cup.

T4G - Unfortunately for the US they don't have the same banking regulation as the UK and EU have.

So sorry I should have said for the US, interest rates may have to go up slower which will mean 5% to 7% inflation in US for much longer.

What happens in US Stock Markets hits all stock markets and share prices.

Things can change so rapidly. It's important, for me, to keep up with current thinking.

Rapidly rising rates have made it harder for some businesses to pay back or service loans, increasing the chances of losses for lenders already worried about a recession.

From the FT

Credit Suisse’s bonds slid further on Thursday, leaving them firmly in distressed territory even after the beleaguered lender turned to the Swiss central bank for support and said it would buy back SFr3bn ($3.2bn) in debt.

A Credit Suisse dollar bond maturing in 2027 gave up gains from earlier in the session to trade down almost 5 per cent on the day, at 66 cents on the dollar. Another dollar bond maturing in 2028 slid 13 per cent to just below 64 cents.

The losses came despite a rebound in the troubled lender’s shares on Thursday.

Prices below 70 cents are generally perceived to be a marker of distress, implying a borrower is less likely to meet its payment obligations to debt holders.

The bonds in question had been trading in the 80s and 90s, respectively, as recently as Monday, but have dropped sharply this week after the chair of Saudi National Bank, a major Credit Suisse shareholder, ruled out further investment in the Swiss bank.

It looks to me like this stems from the 2008 Global Financial Crisis when Governments had to save banks to prevent a global meltdown.

Not only did Governments have to save banks, it seems interest rates needed to be brought down to zero along with such things as quantitative easing to prevent a global meltdown.

And now, as a result of the pandemic, plus everything else, including the 2008 global financial crisis, inflation has shot up.

So in order to stop inflation, interest rates have had to go up and other measures like quantitive easing have had to be stopped. This has brought its problems too, for some US Banks and Credit Suisse.

Central Bankers are damned if they do and damned if they don't.

It looks like Central Bankers won't be able to increase interest rates as quickly as needed to get inflation down to 2%.

We may have to live with inflation at 5% to 7%, otherwise, we may end up in a global recession.

Furthermore, the chances of interest rates going to zero again are unlikely.

The future is going to be hard for central banks to balance the books, so to speak.

If central banks increase rates too much too quickly, then more banks may fail.

If central banks increase rates more slowly, then inflation will remain high at 5% to 7% and will not be able to return to 2% for a long time, maybe years.

So it looks like all this goes back to the Bankers greed that led to the global financial crisis in 2008.