Anorak News | Credit Crunch: Art Booms, Shoppers Go Hell For Leather And Gloom

Credit Crunch: Art Booms, Shoppers Go Hell For Leather And Gloom

by | 27th, December 2007

credit-crunch.jpgCREDIT CRUNCH WATCH – Anorak’s look at mentions of credit crunch in the news

DAILY TELEGRAPH: “Shoppers defy the credit crunch in sales chase”

A “stampede” in London’s Oxford Street. “However, retail experts said the bumper trading day – combined with the surprisingly buoyant few days before Christmas – would not be enough to stave off falling profits and even a raft of bankruptcies on the high street in the wake of the credit crunch”

SKY NEWS: “The Bank of England cut the cost of borrowing by 0.25% to 5.5% earlier this month, in an attempt to help shore up the economy in the wake of the global credit crunch”

DORSET ECHO: “FORGET the credit crunch – after just one day off, shoppers in Bournemouth hit the sales on Boxing Day to hand retailers a welcome post-Christmas bonus”

DAILY MAIL: “No end in sight to credit crunch – Any notion that the credit crunch will ease in the New Year was firmly dispelled by a double whammy of bleak news from across the Atlantic”

THE GUARDIAN: “The European economy is managing to stave off the impact of financial market turbulence, European Central Bank Governing Council member Guy Quaden was quoted as saying on Thursday. ‘The danger of a drying up of credit for the broader economy, the infamous credit crunch that some referred to at the start of the crisis, has not materialised’”

NISSAN Press Release: “Whether it’s coping with the credit crunch or the crunch of snow beneath your feet, Nissan has a range of deals to warm the cockles of your heart this winter”

DETROIT FREE PRESS: “What credit crisis? Art market booms”

CHANNEL 4: “Sales fever lifts credit crunch gloom – Scuffles broke out as sales fever began early at some stores before dawn, as the post-Christmas sales continue”

DAILY EXPRESS: “With the run-up to Christmas generally perceived as slow, many chains opened on Boxing Day hoping to attract shoppers amid signs of economic slowdown fuelled by the Northern Rock crisis and the global credit crunch. Despite growing fears in the City about the economy, the concerns are yet to filter down to consumers, with more than half saying they remain confident about their personal finances, a new poll revealed”

Pic: Via 

Posted: 27th, December 2007 | In: Money Comments (2) | TrackBack | Permalink