Join the new world

Good 🙂

nice

This article is now about Coronation Street!!

^CT makes the local news...
http://www.youtube.com/watch?v=7VDp8g4Sz9Y&feature=related

Grainne please try to stay on topic, Tyrone is prob my favorite character but then again he's no Mike Baldwin (RIP).

I don't watch English TV, so sorry, can't help you there.
An Éirinneach nó Sassanach tú?

v

Bhane:

The IEP has inflated 36% since 1 August. A tank priced 30 then should be 40.8 now. Market players tend to behave rationally, I bet noone cares about "driving anyone out of business". Markets are moving according to supply and demand. Major players - like you or me - or governments/central banks might influence them, but only slightly. They will sooner or later make a correction to the supply/demand ratio whatever we do.

Wages were "cut half" about a week ago - can't imagine why, guess it was the dissolution of the bubble blown by low quality raw material companies employing- however they are on the rise again. A couple of days ago the top wage offer outstanding was 52 IEP - now it's 66 (my one). I expect it to stabilize somewhere around ~100-110.

Don't worry about it, SHM.
I deleted my comment, since I decided I did not want to start a fight.

It's clear the best thing for everyone to do is abandon eIreland, and go work/earn/buy in the countries of our enemies. We should support their economies and pay taxes there to fuel their treasuries to make it easier for them to conquer us. We should send all our golds into their pockets.

Everyone else can go "Hail ONE!!" all they want. I will not abandon my beloved Eire, even if it is to my economic detriment.

Good show.

Wages have gone down dramatically. A tank at 31 then, should be about 18, now.
the price can go over 40 when wages pay over 130 IEP like I was.

But then again, I was working FOR the eIrish people, not trying to syphon their wealth away to the ONE countries.

At 18 tanks would never get to the eIrish customer, as they would be immediately bought up by speculators. Let me remind you, we now live in a world with a more or less integrated market, presuming price levels are related to wages only is simply wrong.

"It's clear the best thing for everyone to do is abandon eIreland, and go work/earn/buy in the countries of our enemies. We should support their economies and pay taxes there to fuel their treasuries to make it easier for them to conquer us."

The best thing for everyone (meaning eIreland) is putting as much damage into our battles as possible. And for that, working abroad (an not necessarily in one of our enemyes, but Croatia, Bulgaria or China e.g.) and spending at home is actually something that helps our economy. Let's face it , we have fixed disadvantages, we produce 30-50% less than a country with all the resources. I've been advocating free trade to counter our disadvantages for months. that - while not improving the unimprovable production disadvatages - would raise the purchasing parity of our incomes and put back a lot of our currency into circulation.

I don't quite understand your u-turn to this sentimental pseudo-populism since our time in the DoF. Market trends are not influenced by rhetorics, but by efforts based on understanding them and adjusting policies to reality.

Our economy is being hurt vastly worse by us being wiped or nearly wiped most of the time than any trading triple the volume we now had would hurt it. The private sector is indeed prone to gold prices, exchange rates or speculation. But access to resources hit communes too. Not controlling our original food resources means producing 15-30% less every day without them e.g. Compare that to the ~.5-1k IEP volume of trade.

Do you even know why the value of the IEP went up?

I know why, and it's not just economic theory. I know the one thing that actually made our value get past the 0.002 wall. We were up to 0.005, and we have stabilized at 0.003 despite a flurry of activity from the market bot trying to drive our currency value down. We are at 0.003 for a reason, and we will probably never see 0.002 again.

Of course, if you really wanted to devalue our currency, I could help put an end to the market force keeping us up. What do you prefer?

Many currencies can't get past the 0.002 wall. eIreland has one thing those other nations don't have, which is the reason our currency value has risen.

I'm Irish.

v

I can't really argue with that mystical stuff, either make your point or let's drop the discussion.

And to be perfectly honest, I don't really care about the Gold/IEP ratio, but a sudden change up or down would actually hurt our company owners, who have shown many times their inability to adjust quickly and wisely. Actually I'd even make some nice profits on such a high volatility - which I could have caused myself if I was not the philantropic, community-minded utopian socialist I am. 😉

nice, voted of course

"Did you know? You can subscribe to papers!"

That's it start off by treating people like they are idiots.

Some deserve the presumption, others take it for a joke.

Vote and sub from eCroatia! Nice analysis.

voted

always a great read

What exactly is the reason our currency is at 0.003?

I assume it is due to market intervention by someone with alot of gold, or simply speculation.

our currency is actually at .0019 and our Gold prices more or less follow global trends (with a higher volatility indeed - we have a small market and we are suffering from repeated wipes and flaring up resistance, thus being prone to speculation.

I see you spotted your mistake there.....0.019 would indeed be lovely.

However our currency is of course not at 0.0019 either, i guess we should settle for the mid.

that's not real 'ask'. the IEP/Gold side is not a real market, there's at least 150k IEP out there for 0.003. as long as one could sell a Gold for more than 333 IEP (practically: forever) noone would call those offers. the CC/Gold sides of the MM has been practically dead for months. nobody demands liquidity anymore.

.0019 is simply the reverse rate of Gold/IEP, the side where is all the actual activity. the IEP/Gold side is practically irrelevant.

I have sold well over 30k, of course there are many offers...but I wouldnt declare that side of the market dead at all, because its not.

yeah, nevermind that comment....i am sleepy 😕

When was that? I haven't seen any liquidity there since around this:
http://www.erepublik.com/en/article/monetary-market-crashes-1740605/1/20

Ros na Rún is where it's at.

cool~

SHM

I didnt have any offers up the last few days. The mentioned amount got sold between 12 and 5 days ago I'd say. I know it takes ages for an offer to be filled, but thats because there are tons of people with offers at 0.003. But still that side of the market seems pretty active...I guess it just doesnt feel like it from an individual poit of view.

Yeah, indeed, I'm pretty much surprised, it is weird that people actually do buy IEP at .003 when they could get it for ~30% less selling Gold. 12-5 Day ago Gold/IEP fluctuated between 400 and 486.8, so it's really kinda strange. I can even imagine admins applying some bot to slowly decrease all that awesome amount of unused CC.

(so I've just put out some excess cash to see if anyone's dumb enough to call the offer)

(Luckily for me in this case) Homo Economicus is an endangered species in eIreland.

From en economic point of view, many things dont make sense in the eR Markets. Q1 Weapons shouldnt be half the price of Q2 weapons for example...yet in most countries, they are.

Good stuff about your indices by the way. Would be nice if you could post a regular update so we see how they develop over time.

Now market pricing is a different matter, and depends on a variety of factors, but buying something available for n currency for 1/3 more sounds really plain stupid. Not that we haven't a bunch of dumbos here.

" Would be nice if you could post a regular update"

Yeah, that's the plan.

This is great work, however super-nations like Poland/ Serbia etc are perhaps unreasonable aspiration economies for us to gauge eIreland's against.

Could you add a few nations with more similarities to our own into your analysis? It would give us a better idea how we are performing with the resources we have.

yeah, apart from the big shots, we should come up with a peer group of nations with similar boni and population.

Are you extracting the data manually or through the API?

Nay, the API is broken for long months, I still have some sheets receiving data from it but it's all completely screwed up. So it's basically manual, filling some Google Forms and then a spreadsheet calculating the stuff. Practically it's based on my own MM databases, occasionally adding market data and wages for this purpose. Thus, it's highly unlikely that it will cover more marginal economies like eIreland.

(well, unless ppl signing up for data collection, I might try to make contact with fellow economy-writers here and there, and work out some cooperation. or might not.)

Ken Barlow is a fkn boss

BE PART OF SOMETHING THAT TURNS THE NEW WORLD UPSIDE DOWN !
http://www.erepublik.com/en/article/part-deux-ndash-the-grand-plan--1845057/1/20

SHM,

let me know if i can help with the data collection in the future.

Sometimes, you scare me.
😞