Weekly Market Report Feb. 20th 2011
Day 1,188, 10:36
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Published in USA 
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by
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by Princefigs
My secretary
Welcome to another issue of The Weekly Market Report As usual, I will be revealing the weeks market results in the following areas:
*Q1 food prices
*Grain
*Iron
*USD to gold
*wages for skill levels 10 - 8
Material costs:
Grain, Iron, and Food rebounded this week.
-Grain was at .09 all week until yesterday where it jumped to .10 for the first time on over a month.
-Iron was at .07 to start the week. On Tuesday it went to .09, and on 2/19/2011 it jumped to .11.
-Food averaged at .80 USD all week.
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Wages:
Wages were on the raise all week. No wonder why the market prices of everything else have increased as well. Is this the result of the tax increases on the imported materials? Is it a result of the impending war? Who knows.
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US
😨
Wow, USD is deflating hardcore. Over 20 USD to gold increase in a day and a stead raise after that. I dont know what the solution here is, but, something has to change.
On a side note, you should read this article and consider becoming a US Mentor
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Comments
voted
hey could you include q1 weps if you have the time?
i bought a company :3
Includes everything I need. Grain, q1 food, and iron
good work.. voted.
Do we have any graphs for GDP, consumer price index, or elasticities of the products?
voted.
@cherize wow men you know serious stuff 😉 Lol
voted!
There has been a recent bump into the commodity prices (grain), this would lead to higher costs of basic food (simple bread). Due to this, not only the costs of production have increased, but also the aggregate supply has decreased. In the short-run we would see a rise in unemployment rates, and in the long-run bankruptcy of some smaller companies. The government can aid in this problem by lowering the prices of grain such as reducing their income taxes or by releasing into the market some lower-priced commodities. Obviously that's going to have an opportunity cost to the treasuries.
I'm not sure if real world economics would apply also to eWorld economics. I'm writing this because I've been recently fired 🙁
Why is that men?