Total money supply down??

I notice our resident "ZOMG THE MONEY SUPPLY HAS INCREASED!!!!11!" posters managed to miss the little fact that, even with the stipends today, the total money supply just dropped by 1.1M...

Sinks 3,691,288
Sources 2,562,023



But we still have the hyper-inflationary sky falling on us, don't we?

Tiger I thought the same thing last week but the stipends wont get included in the Economic Statistics until tomorrow.

Look at the page tomorrow or in two days. The statistics page is lagging.

Yeah, that MTD stipends source is a bit odd. Usually it goes up by ~10M.

Check back at the end of the day, I suspect that the number will be much different.

Or, in other words, LL can't manage to add all the stipend to the stats in one go...




Why am I not surprised...?

24 time zones on the planet? *shrug*

Naw, just takes that long to update all them integers.

You know... that got me wondering if part of the reason to cease the traffic L$ bonuses was to lighten the load on the database servers. Hmmmm...

"I notice our resident "ZOMG THE MONEY SUPPLY HAS INCREASED!!!!11!" posters managed to miss the little fact that, even with the stipends today, the total money supply just dropped by 1.1M..."

We didn't celebrate it because it's only the first week in the month. The amount of money put into the system in stipends will be the same as last month, as the number of people recieving stipends has not shrunk (it just hasn't grown).

So we've got that 60 million to come. So quit your gloating. You're doing it way too soon.

Musuko.

4 tuedays in June instead of 5.

People tend to quit playing games over time. And stipends aren't paid to inactive accounts. (meaning that yes, the number of people receiving stipends does shrink, in addition to former point)

"People tend to quit playing games over time. And stipends aren't paid to inactive accounts. (meaning that yes, the number of people receiving stipends does shrink, in addition to former point)"

Valid points. But the reduction is a trickle over time, not, as the first poster implies, a sudden cut due to the recent change.

Musuko.

Oh, definitely. It's actually quite interesting, since by comparing the data from few months it might be possible to determine to a degree amount of people joining/quitting SL over time... oh well. And gods know what changes are behind the corner...

12 hours later, still no change in the stats... (oh, and some stipends were counted in it when I first posted... kinda weird, isn't it?)


On to a couple of points... I'm not gloating at all. I'm pointing out that every week, a certain couple of people have been screaming about how much extra money has been pumped into the economy, yet when the stats show it's gone down,those people are nowhere to be seen... the phrase "scaremongering" springs to mind.
Nor am I implying that it's been a sudden cut... If you are reading that from my post, then it's something YOU want to see in there.

"yet when the stats show it's gone down"

We've seen innacurate data after the first stipend of a whole month showing that the amount has gone down by about one piddly million, after months and months of it going up by 40-odd million.

Stone the crows...why on earth aren't we celebrating? Let's get a few street parades organised!

Musuko.

Question is, why is stipend for this week so little.

It's short by ~10 millions, as usual.

I wonder if Deflation San is going to show up now?

Thanks for missing the point...

In case people had missed it, certain people have just missed a heaven sent opportunity to say "how can we trust LL to sort this when they get the figures wrong?"
They've not said anything, even though it would be in keeping with their "OH NOES.... LL is screwing it up!" attitude.

My guess as to why? Because it's not got the same shock value as ZOMG THE MONEY WENT UP BY 12M THIS WEEK!!!!!11! does...



Like I said... Scaremongering.

I also find it odd that the total Stipend for the first Tuesday in June is only L$1,234,500.

With only three more Stipend Tuesdays in June, at this rate the extrapolated target of L$53,000,000 (based on May's 5-week data) is not possible.

I looked at the data for May 9, 2006 (the data for the first Tuesday in May, May 2, was not available). In the first two weeks of May, L$13,356,300 of stipends was paid.

I agree with Tiger. Either LL is not on the ball with its data reporting, or something else is going on. It is hard to determine what sort of economic measures should be taken when the data may not be reliable.

The statistics is lagging two days behind the true date. Give it a couple of more hours.

Okay. So one should not view the "Last Updated" date as being too accurate.

Exactly! It has always been like that.

Total L$ Supply (L$) 702,237,792

THERE'S the number we were waiting for

Okay, I apologize to LL. I did not realize that there was a lag in updating the economic data.

Now that the data has been properly updated, it does indeed look like my extrapolated estimate of L$53,000,000 for stipends will indeed be hit. In fact, with new premium accounts being added throughout the month, the number will be higher.

It is important to note that not all of us are stating the economy is in trouble. I know that everyone on the limit the stipend side are suggesting proactive measures so that the economy does not deteriorate down the road. We are not saying that it is in trouble; we are saying that measures can be instituted now to reduce the potential risk in the future.

Stipend reduction (note we are saying reduction not elimination), is just one of several issues that need to be addressed. The sky is not falling. The sky is simply a little cloudy.

The economy is in serious trouble.

Just as the US's economy has yet to fully react (or realize) the effects of oil shock, SL has yet to fully realize the negative effects a low L$ will have on efficiency and content creation.

Long run reactions are always more slow (and more dramatic) than short term ones.

Then why in the frak are you still here?