Answers on a postcard please…
Has anyone else got a wee bit tired of opening up newspapers or tuning into the news only to read or hear the same stories over and over? House prices are falling, good mortgage deals are scarce, food prices are constantly on the up and oil prices are rocketing. Aside from championing the doom and gloom brigade it’s all a bit samey.
I think it’s about time the great British public took it upon themselves to look at the credit crunch from a positive slant. Us Brits aren’t known for our overwhelming optimism but we are better at taking perverse joy in others’ misfortunes and the credit crunch could put paid to the glut of property programmes on television.
I’ll happily watch Kirsty and Phil help eager first–time–buyers make it onto the property ladder but I’m less keen to watch young professionals looking for a city ‘bolthole’ or worst still buy–to–let ‘investment opportunities.’
The joy of watching smug property high –fliers fall off their perches is particularly gratifying. Mantras that harp on about property investment as the bricks and mortar equivalent of a pension should quiet down too. With the credit crunch putting a dampener on this kind of speel, hopefully a few property programmes can finally be wiped from the TV schedules.
Rising food prices might force snappy shoppers to re–assess what they do and don’t buy in their weekly supermarket shop. Apparently healthier foods are shooting up in price quicker than other foodstuffs.
Fresh fruit and vegetable prices are 15.8% higher than they were at the start of the year and meat and fish products are seven per cent higher, according to retail analysts Verdict. At the other end of the scale ready meals have gone down in price by just over five per cent. So ditching the spinach and sea bass salads and going for a microwaveable chicken Korma isn’t laziness or careless eating, it’s sensible economic practice.
It’s hard to put a positive spin on the huge rise in oil prices with the cost to fill up petrol tanks emptying wallets faster than a professional pickpocket – and household energy bills expecting to take a hit too.
But if I really try: I suppose if I fill the car up less often I’ll walk more, or use public transport more – which invariably means ‘beat the bus’ walks when they fail to keep to schedule, helping to burn off those calories from all the ready meals I’ll have been scoffing.
OK that last point was weak and I’m failing to convince myself now that anything good can come out of the credit crunch. Perhaps one final way to combat the credit crunch’s groundhog day–esque influence is to give it a different name.
Journalists have tried a couple of uninspiring variations with the downturn and credit crisis but using a thesaurus to jazz things up is no help: ‘credit chomp’ just sounds silly. Just as Prince at one time decided to get rid of his name and have a symbol, the credit crunch could have its own sign – but what would it look like? Answers on a postcard please…