Achaean News
credit market
Written by: Seeker of Daedalus, Bastad, Initiate of Honour
Date: Sunday, May 11th, 2003
Addressed to: Everyone
ive heard a lot of people grieve about the new credit market system, i
thought i would provide a very brief insight into this.
Any salable merchandise is subject to the laws of supply and demand.
Before the credit market system, finding credits was hard, you had to
wait until a seller was wandering about the realms in order to make the
buy. The result was an equilibrium of around 2300 gold average.
A high demand and a low supply causes a price hike. When the credit
market was set up, the availibility of credits suddenly increased
causing the demand to rise. Other sellers realized how fast credits were
selling at 2300-2400 gold, and the price rose.
If demand dies down, and people become willing to wait to get the
credits for less than the prices will drop. An equilibrium has not yet
been reached because the credit system's new. The current prices do
-not- imply the price will remain high. If indeed the price of credits
stays permanent, that would not be from the credit market but because
the sharp change in availability created a new equilibrium.
Im getting a little peeved at the spam on market channel about the
prices of credits, and the credit market. A smart man would recognize
this as an oppurtunity to sell his stock and make money while the price
is high, and when the price does drop reinvest, make a profit.
Penned by my hand on the 21st of Lupar, in the year 334 AF.
credit market
Written by: Seeker of Daedalus, Bastad, Initiate of Honour
Date: Sunday, May 11th, 2003
Addressed to: Everyone
ive heard a lot of people grieve about the new credit market system, i
thought i would provide a very brief insight into this.
Any salable merchandise is subject to the laws of supply and demand.
Before the credit market system, finding credits was hard, you had to
wait until a seller was wandering about the realms in order to make the
buy. The result was an equilibrium of around 2300 gold average.
A high demand and a low supply causes a price hike. When the credit
market was set up, the availibility of credits suddenly increased
causing the demand to rise. Other sellers realized how fast credits were
selling at 2300-2400 gold, and the price rose.
If demand dies down, and people become willing to wait to get the
credits for less than the prices will drop. An equilibrium has not yet
been reached because the credit system's new. The current prices do
-not- imply the price will remain high. If indeed the price of credits
stays permanent, that would not be from the credit market but because
the sharp change in availability created a new equilibrium.
Im getting a little peeved at the spam on market channel about the
prices of credits, and the credit market. A smart man would recognize
this as an oppurtunity to sell his stock and make money while the price
is high, and when the price does drop reinvest, make a profit.
Penned by my hand on the 21st of Lupar, in the year 334 AF.
