Friday The 13th Is Always A Great Day For Financial Disasters To Strike
Friday the 13th isn’t just a spooky day for anyone worried about serial killers named Jason hunting them down during a murderous rampage. Turns out it’s also a really unlucky day when it comes to financial disasters, as a few pretty bad ones have struck on this most superstitious of days. No hockey masks involved, however.
Daily Finance takes a look at a bunch of past financial nightmares that happened to land on this day. And while some are a bit of a stretch, there are some that are definitely bona fide bummers.
January 13, 2012: The Costa Concordia hits a reef and sinks, killing 30 passengers and damages of over $500 million.
Also January 13, 2012: Standard and Poor’s downgraded the credit ratings of several countries, including France, Austria, Italy, Portugal and Spain, setting off fears of the European debt crisis.
October 13, 1989: UAL Corporation, the parent corporation of United Airlines, announced a leveraged buyout deal had fallen through. Panic set in, leading to a collapse of the junk bond market, and plunging values in the Dow Jones, S&P 500 and NASDAQ. Became known as Friday the 13th Mini-Crash.
January 13, 1939: Australia’s Black Friday Fires burned almost 5 million acres of land, destroyed 3,700 buildings and killed 71 people.
Good luck out there to all of you! And for more disasters, check out the source link below.
Financial Nightmares: Friday the 13th’s Worst Economic Disasters [Daily Finance]
Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.