Crunch Creep

By Prieur du Plessis, on October 11th, 2008 posted in: Investment, Markets, Money

The financial meltdown has certainly offered its fair share of surprises. BBC News compiled a list of strange, tangential and often unlikely events laid at the door of the credit crunch, as reproduced below.

Sales of computer games consoles have doubled in the past year from 8.8 million to 17.3 million. More details (Evening Standard)

Sales of maternity dresses are up because we are getting more frisky in hard times.More details (The Sun)

Coffee beans and coffee-making machines are in demand. More details (Daily Mail)

The difficult economic times could trigger a rise in cases of mental illness. More details (Mirror)

Billionaire Roman Abramovich has postponed his wedding because “now is not a good time to party”. More details (The Sun)

The British are turning to cake to cheer themselves up in the face of mounting gloom.

Identity fraudsters are switching tactics to beat the credit crunch – targeting existing bank accounts instead of using fake identities to open new ones. More details (BBC News)

The financial crisis is good for Ryanair. More details (Daily Mail)

More middle-class shoppers are going to Poundland. More details (The Independent)

More students are working part-time. More details (Mail)

Click here for full article.

Source: BBC News, October 9, 2008.

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