Economic forecast (Little Upsilon)

Just for fun guys, to be taken with a grain of salt.

CEOs and Leaders of LU, if factory capacity is any indicator, hang on to your hats because it could be a wild ride in the near to mid term on the economic front!

Due to the recent massive increase in factory capacity, look for prices to drop dramatically in most industries.

In the mining industry the outlook is bleak. With the exception of oil, uranium, and rubber, every other industry is capable of running at or above demand. Oil and rubber are near capacity, and by all means avoid silver as it's capacity is four times the demand.

The utilities are not faring much better. Electric power companies are the only safe choice,as even running full out they are capable of providing only 75% of demand. Nuclear power is the dog of this group, capacity exceeding demand by 2 times demand.

The high tech group looks to be the only group with solid growth potential, le

Thanks for the heads up its true the demand for a lot of products is not as great as it used to be. I've noticed industries like services, construction and high tech services have usually been in supply for a long while now. I can only think this could lead to salaries will be cut back in most industries in order to make a little profit or maybe more wars could erupt between the great powers of the world (little upsilson). That could explain why the military industry as a whole is doing well as everyone is stocking up on ammunition getting ready to fight each other.

When questioned about the situation, a leading economist from Willard University (sorry Tom, just joking.) stated:

This is a wonderful opportunity for those countries and CEOs with extra cash to build up their strategic supplies, and use the cheaper prices to fully stock their corporations to the 60 month limit. In turn this will drive demand and stabilize the market.

He declined to comment on those countries and CEOs who were poor.

lol...lol...n...LOL!

Nice to see you (or to be technical, read you) again PH,
When I was here in '08 you were pretty much a greenhorn going by a different moniker. Like your new one, I think it fits your game persona quite well .

Because it the economic forecast does looks pretty dull and as the construction industry does'nt look too healthy either. I've just set up another country called the kingdom of Kent. The salaries i've set in that country is 30.0 the lowest level salaries you can get in this game. The maximum production for these corps will be 78% for about 1B profit a month for each corp as ive done this before. The question im trying to ask is. Is this a good idea to have these settings in my country at these hard economic times? or could these lead to ultimate disaster?

I'm not expert in these matters (yet), but one thing to bear in mind is that when the econ situation improves your salaries can only increase by 5% per month (unless you spend coin and boost them). Additionally if you run into any worker shortages and have private or public corps in the country those 30% salary folks are going to be running for the door so fast the door won't have a chance to hit them in the backside!
Thirdly, with 6 month RL days on LU the econ situation can change rapidly. If you've done it before and it hasn't bitten you I personally don't see anything wrong. Although the country's welfare score will suffer.

Don't worry about the welfare score it does'nt count for anything when it comes to game levels and im not really interested in going up anymore game levels. Thats why the maximum production you can have when the salaries are at 30.0 is 78% is because of the low welfare score. Also I hav'nt noticed any people leaving the country either as i've looked at the migration index so keep that in mind. I think the welfare level has got to be something lower than 25.0 for people to leave the country.

Your points are valid, but also watch your country welfare score if you have any private or public corps in your country.

Their productivity is negatively affected by a low welfare score, and if it gets too low they may pull out and go somewhere else. From what I read on the boards most long-termers prefer a country with a 100 welfare or better.

Good luck with however you deal with it.

James,

Just took a quick glance at your country; you're fine. You seem to have a pretty good grasp of what it takes to run a country.

Thanks Rep im glad you said that. ill deal with the CEOs in my country because if they want to leave they can. Its just im preferably looking for a CEO to replace them whos not bothered about the welfare index and see it as a cheap labour force country to make a profit out of it. Like I said salaries at 30.0 and production 78% if you're a CEO are you interested in setting up corporations in my country?

I'm just getting settled in (it's my second time on SC) so at the moment I'm not ready to do a lot of expansion. But I'll keep it in mind for future reference.

Sidenote: By the look of things (King James, Northumbria, York corps, etc.) am I to take it you're a Brit?

I certainly am from the UK its obvious really. Where are you from by the way?

You can send the messages to my country personally now if you want.

Sounds like a plan.

I'm an American, but have spent much of my life living and traveling abroad.

Lived in Europe for several years, Asia for five, Australia for a year. So my horizons are a bit broader than most. Have been to South America and Africa but never lived there. My goal is to set foot on Antarctica before I die (that way I'll have been on all 7 continents).

I hear my country calling. Until next time.

Rep do you remember on this page I told you about the Kingdom of Kents salaries would be set at 30.0? well ive decided to set the minimum salaries at 80.0 as ive realized game level 4 requires me to have the average wage salaies at least 80.0. Still a cheap country if you're still interested to invest into my country.