[Dept of Finance] Market Review

Day 2,186, 21:27 • Published in Australia Australia • by Reserve Bank of Australia


This market review is prepared by the eAustralian Dept of Finance. Depending on how successful this is (measured by your votes, shouts and comments) it may become a regular feature. Feel free to propose topics you’d like to hear about in the world of in-game economics and public finance either in the comments below or via PM to Paul J Keating.

Overview

High resource bonuses at 60% for weapons and 40% for food are driving a supply-side boom for eAustralian producers and consumers alike. The market is finding a new balance as the reality of weekly competitions sets in, and work as manager overproduction continues to soak up all demand spikes. Admin’s largesse in handing out additional storage as a reward is also allowing producers and consumers to stockpile and even out price spikes and troughs.

Commodities

Commodity prices are to a large degree set globally and not influenced greatly by local market factors. Food and Weapon Raw Material are trading at $0.04. This is quite low, and great news for manufacturing company owners but not so great for miners and farmers though the higher resource bonuses more than compensates.

Manufactures

No question it’s a great time for consumers with low prices for food and weapons. While the doubling of energy recovery has led to generally higher food costs these have stabilised and we’re seeing less volatility in prices.

Currency

The gold/currency exchange rate has been very stable for a number of weeks now at $209 per gold. There is very little opportunity for currency traders to make significant profits.

Fiscal Outlook

The new term’s budget is being voted on as I write, with a forecast deficit of a little over $100,000 despite a number of reductions over previous terms’ expenditure. Without windfall gains from tournament gold over the past few months we would be well down the path of fiscal oblivion. Some new thinking will be required to address the fiscal challenge and ensure we can fund public goods such as MPPs and supplies to retain and develop new citizens.