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loki gallach
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Posted - 2008.10.07 12:09:00 -
[1]
Edited by: loki gallach on 07/10/2008 12:11:15 Iused to have three accounts on the go,(Training alt for rorqual). The rorqual been made low sec only, And the the credit crunch. Has made me put that account in stasis so to speak.
Anybody else changed their game because of world events
N.B. read on msn iceland maybe bankrupt
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loki gallach
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Posted - 2008.10.07 12:09:00 -
[2]
Edited by: loki gallach on 07/10/2008 12:17:28 Edited by: loki gallach on 07/10/2008 12:11:15 Iused to have three accounts on the go,(Training alt for rorqual). The rorqual been made low sec only, And the the credit crunch. Has made me put that account in stasis so to speak.
Anybody else changed their game because of world events
N.B. read on msn iceland maybe bankrupt
Iceland agreed to adopt sweeping powers over banks on Monday as its financial system tottered, its currency plunged 30 percent and a leading agency cut its credit ratings. The small country's financial stature had swelled in recent years as its banks expanded overseas, investors took large positions in its high-yielding currency and foreign firms poured money into local projects.
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Herschel Yamamoto
Bloodmoney Incorporated
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Posted - 2008.10.07 12:22:00 -
[3]
I don't have time to get into a proper economic analysis of this right now(wait a few hours), but the fact that the RL ISK has fallen by 1/4 against the Euro will do wonderful things for CCP's bottom line - they just got all their Icelandic employee salaries cut by 1/4 compared to their income streams. ------------------ Herschel's Lottery #1 - Win a Kronos! |
Herschel Yamamoto
Bloodmoney Incorporated
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Posted - 2008.10.07 16:14:00 -
[4]
As I read more information about what's happening to Iceland right now, I'm struck by just how much of a cluster**** the world banking system is right now. This is, of course, the same thing that's been striking me since I heard about the Lehman/Merill/AIG/Fannie/Freddie collapses and the associated bout of temporary insanity the financial sector underwent. (seriously, T-bills earning 4 BP per annum, at the same time as the CDS rate on T-bills quintupled to 30 BP per annum? Insanity.) I still have trouble believing that something as blindingly obvious to anybody who looked as "Houses are overpriced right now" could blow up in the world's face this badly. Thank you, Fannie and Freddie, for the gifts you have brought us
With regard to the Iceland situation specifically, the banks of the world are currently engaging in the first recoded run upon themselves, because of a catastrophic loss of trust among all involved meaning that banks are sitting on their own money instead of loaning it interbank, which is why LIBOR has done such silly things recently. Oddly, this hasn't hit customers much, since a good credit risk is still a good credit risk, but it's hitting banks like a sledgehammer, since they're all deeming each other to be poor credit risks. Icelandic banks have the misfortune of being based in a country that can't bail them out of deep water even if they wanted to, and so the government is stepping in in advance to secure sources of credit other than banks.
As for your comment about what effects it's having on Eve players, I suspect you'll see a rise in GTC prices(as more people want to avoid spending extra/any money on their entertainment budget), and a drop in the number of alt accounts, but really no effect on main accounts - people tend to cut their rudimentary entertainment budget(be it MMOs, movies, or booze) last in times of financial distress, because it takes their mind off it. ------------------ Herschel's Lottery #1 - Win a Kronos! |
MotherMoon
Huang Yinglong
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Posted - 2008.10.07 20:57:00 -
[5]
Originally by: Herschel Yamamoto
As for your comment about what effects it's having on Eve players, I suspect you'll see a rise in GTC prices(as more people want to avoid spending extra/any money on their entertainment budget), and a drop in the number of alt accounts, but really no effect on main accounts - people tend to cut their rudimentary entertainment budget(be it MMOs, movies, or booze) last in times of financial distress, because it takes their mind off it.
how does the worth of isk effect my spending on eve?
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Herschel Yamamoto
Bloodmoney Incorporated
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Posted - 2008.10.07 21:23:00 -
[6]
Originally by: MotherMoon how does the worth of isk effect my spending on eve?
It doesn't, unless you're paying for your account with GTCs because you don't have the cash for it. ------------------ Herschel's Lottery #1 - Win a Kronos! |
loki gallach
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Posted - 2008.10.08 03:30:00 -
[7]
Originally by: Herschel Yamamoto
As for your comment about what effects it's having on Eve players, I suspect you'll see a rise in GTC prices(as more people want to avoid spending extra/any money on their entertainment budget), and a drop in the number of alt accounts, but really no effect on main accounts - people tend to cut their rudimentary entertainment budget(be it MMOs, movies, or booze) last in times of financial distress, because it takes their mind off it.
So you see a drop in alt accounts. so it will affect eve though to what end who knows.
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Goumindong
Amarr Merch Industrial GoonSwarm
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Posted - 2008.10.08 09:26:00 -
[8]
Originally by: loki gallach
Originally by: Herschel Yamamoto
As for your comment about what effects it's having on Eve players, I suspect you'll see a rise in GTC prices(as more people want to avoid spending extra/any money on their entertainment budget), and a drop in the number of alt accounts, but really no effect on main accounts - people tend to cut their rudimentary entertainment budget(be it MMOs, movies, or booze) last in times of financial distress, because it takes their mind off it.
So you see a drop in alt accounts. so it will affect eve though to what end who knows.
On the other hand, Eve is largely paid for in foreign currencies, and the Krona has taken a dive.
Re:Herschel Yamamoto
I would say evemail me in game, but I am not in game much. I can explain pretty well how the crisis originated, how it progressed, and why large effects were missed. It would go way over the limits here though, and isn't really appropriate for an Eve forum.
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Herschel Yamamoto
Bloodmoney Incorporated
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Posted - 2008.10.08 14:16:00 -
[9]
Originally by: Goumindong Re:Herschel Yamamoto
I would say evemail me in game, but I am not in game much. I can explain pretty well how the crisis originated, how it progressed, and why large effects were missed. It would go way over the limits here though, and isn't really appropriate for an Eve forum.
Oh, I'm familiar with why it happened, but like you I'm trying not to go too deep into RL economic analysis on an internet spaceship forum. ------------------ Herschel's Lottery #1 - Win a Kronos! |
Bunyip
Gallente Center for Advanced Studies
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Posted - 2008.10.08 22:12:00 -
[10]
Originally by: Goumindong I would say evemail me in game, but I am not in game much. I can explain pretty well how the crisis originated, how it progressed, and why large effects were missed. It would go way over the limits here though, and isn't really appropriate for an Eve forum.
I would actually like your input in this. I hear that Iceland may register the first national bankruptcy, and I'd like to know other economically-interested peoples' inputs. Please feel free to convo me or evemail me at your convenience.
Also, if you're running, I look forward to a good political campaign. Last time, I think we were pretty much neck-and-neck at the finish line, although not in the top running.
-Bunyip
"May all your hits be crits." - Knights of the Dinner Table. |
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loki gallach
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Posted - 2008.10.09 13:14:00 -
[11]
Edited by: loki gallach on 09/10/2008 13:15:32 REYKJAVIK (Reuters) - Iceland seized control of its biggest bank, Kaupthing, on Thursday to try to shore up its banking system and halted all trade on its stock market. The state has now taken over three of the nation's major banks after Landsbanki and Glitnir were put under state control earlier this week. The stock exchange suspended trading in all shares, citing unusual market conditions. The exchange, part of the Nasdaq OMX Group, said trade would not resume until Monday. At the centre of a financial hurricane which has claimed several of the world's biggest banks, Iceland's prime minister has warned of the risk of national bankruptcy. Home to just 300,000 people, Iceland epitomised the global credit boom that turned to bust. Its banks expanded dramatically overseas, investors took large positions in its high-yielding currency and foreign money poured into local projects. The central bank has tried then abandoned attempts to prop up its battered currency and it is seeking an emergency loan from Russia.
This is not the subject of this thread however. The point is has it effected your game play.
Will it alter your plans for the forseeable future. Are we to see less multi account players.
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KAELA MENSHA
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Posted - 2008.10.09 20:04:00 -
[12]
How many people have taken up the power of two option ?
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Kazuma Saruwatari
Caldari
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Posted - 2008.10.12 06:16:00 -
[13]
Originally by: KAELA MENSHA How many people have taken up the power of two option ?
I've seen 4 "Power of 2" promo's in my time in EVE.
The first 3, of course, werent in "dire global financial restraints".
Still hasnt changed why I would not spend more than 1 account's worth on the game, not counting my reasons for doing so either. -
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CyyC
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Posted - 2008.10.13 19:02:00 -
[14]
Originally by: Herschel Yamamoto As I read more information about what's happening to Iceland right now, I'm struck by just how much of a cluster**** the world banking system is right now. This is, of course, the same thing that's been striking me since I heard about the Lehman/Merill/AIG/Fannie/Freddie collapses and the associated bout of temporary insanity the financial sector underwent. (seriously, T-bills earning 4 BP per annum, at the same time as the CDS rate on T-bills quintupled to 30 BP per annum? Insanity.) I still have trouble believing that something as blindingly obvious to anybody who looked as "Houses are overpriced right now" could blow up in the world's face this badly. Thank you, Fannie and Freddie, for the gifts you have brought us
A Tempest on Wallstreet... indeed... but they'll never track the fast ones....
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Darius JOHNSON
GoonFleet GoonSwarm
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Posted - 2008.10.13 19:16:00 -
[15]
According to CCP representatives at the meeting this weekend CCP is doing quite well. One may posit that this is because the majority of their income is in foreign currencies as opposed to the ISK. As long as that continues to be the case I don't think there's much room for concern, though the employees in Iceland may have a harder time obtaining anything that isn't a fish or water bybroduct.
Originally by: Iroku Mata Darius is time to STFU and make your GSM place free for someone who got the humildity to have the job you claim and failled!
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Vily
Amarr Cutting Edge Incorporated RAZOR Alliance
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Posted - 2008.10.13 22:00:00 -
[16]
theoretically when your home currency value decreases and your revenue is from internal streams you increase revenue.
so until iceland's currency rebounds CCP will be making more money than they normally do. -
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loki gallach
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Posted - 2008.10.14 01:22:00 -
[17]
Yes but will we see account numbers drop. People using less accounts means less foreign currency.
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KAELA MENSHA
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Posted - 2008.10.14 02:11:00 -
[18]
Will mommy and daddy still pay for juniors account, when the bills mount up.
can the multi account man afford all his accounts, when redundancy looms.
Are we moving towards single account players?
I already know of players who have left, because of money worries
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Vily
Amarr Cutting Edge Incorporated RAZOR Alliance
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Posted - 2008.10.14 06:01:00 -
[19]
Originally by: KAELA MENSHA Will mommy and daddy still pay for juniors account, when the bills mount up.
can the multi account man afford all his accounts, when redundancy looms.
Are we moving towards single account players?
I already know of players who have left, because of money worries
if you look at the demographics of eve i would highly doubt its the kind of folks that are getting hit hard by the "credit crunch"
some people will always leave, but thats always true -
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KAELA MENSHA
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Posted - 2008.10.14 13:46:00 -
[20]
Originally by: Vily
Originally by: KAELA MENSHA Will mommy and daddy still pay for juniors account, when the bills mount up.
can the multi account man afford all his accounts, when redundancy looms.
Are we moving towards single account players?
I already know of players who have left, because of money worries
if you look at the demographics of eve i would highly doubt its the kind of folks that are getting hit hard by the "credit crunch" some people will always leave, but thats always true
I hope your right. But as a side thought, so much of this game is team based. should ccp introduce more single player content
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