the reason for the recession was the recent game changes by W3C.
they increased the number of workers, mostly high tech for various corporations. which had a 2 part result.
1. With the higher staffing, came higher production levels, which in turn lowered demand, and price.
Along with the manual lowering of the price that came with the change, some products that where main stays of the econ, like OIL and EP, mentioned above, had the their prices cut by more than half.
2. Also with the higher staffing, many countries that ran a "tight ship," of 95% or so employment where hit really hard. Countries that had been floating as few unemployed workers as possible, where now short over a million workers... Making certain products like Furniture, and House Hold Products in short supply...
I've already noticed that the "recession," is actually into recovery, I haven't checked how many
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Warren Buffett (Little Upsilon)
All worlds
My enterprise which EP is a big part of, took a big hit. For the first time ever for me, my EP corps took loans. They are still in the midst of gathering liquidity to ride out this recession.
Did the new changes really cut the prices of those industries? Is it a permenant cut or is it just temporary.
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FarmerBob (Little Upsilon)
All worlds
Base prices may have been reset, Warren. I, too, am divesting in power corps which had been excellent performers.
Household products and luxury goods have skyrocketed, however.
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shane vataja (Fearless Blue)
All worlds
this will help me actualy.. but for large ceo's, large countries it will hurt them hard
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Orbiter (Little Upsilon)
All worlds
when a similar thing happened with FMU's, i cut about 50 corps, just to have the prices come back 2 weeks later... i still regret that move.
but house hold products, and other stuff that was mediocre before, is now really stong, kinda refreshing to see more variety
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Austia (Golden Rainbow)
All worlds
It is expected of a market to boom and bust. Hence, Bull and Bear.
cut only Pork fat corps. The Steadies will remain steady.
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Warren Buffett (Little Upsilon)
All worlds
Well on a good note, Aircraft Fuel and Gasoline looks to have gone back to normal after a abnormally long hit.
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Bakronesia (Little Upsilon)
All worlds
I agree with Orbiter that we're in a stage of recovery, however, im pretty sure that a LOT of countries and enterprises were affected; especially in the food sector. for example, I had a 700B$ meat corporation that started losing money very fast, but i just thought it would weather the storm and soon recover. i was wrong and it soon collapsed.