Its red tuesday! The economy is crashing! Rid the stipends! [/sarcasm]
Wanted to get this in first..hope everyone enjoys their tuesday and doesn't worry overmuch about trolls who post ludicrious economic theories.
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Its Red Tuesday, run for your lives! |
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Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-28-2006 04:30
Its red tuesday! The economy is crashing! Rid the stipends! [/sarcasm]
Wanted to get this in first..hope everyone enjoys their tuesday and doesn't worry overmuch about trolls who post ludicrious economic theories. |
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-28-2006 04:46
Its red tuesday! The economy is crashing! Rid the stipends! [/sarcasm] Wanted to get this in first..hope everyone enjoys their tuesday and doesn't worry overmuch about trolls who post ludicrious economic theories. Looks like the masses are dumping all those new minted Linden Dollars right back on the market. How much longer will it be until Second Life Fed gets it through their head to end stipends? L$295 and falling.. Gee, I could have sworn that last month the price was L$272. Welp, ignorant posters with their posting of how everything is just fine are eating crow now. Betchya would have save a lot of money if you would have listened to me. Too bad, those who did listen cashed out early and now have stockpiles of cash to buy back in at lower prices. Just waiting for the knife to stop falling, then load up on L$ to corner the market and force the price up to lofty levels. _____________________
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Lewis Nerd
Nerd by name and nature!
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03-28-2006 05:01
Just because the value of the L$ falling doesn't happen to agree with your personal policies doesn't mean it's the wrong thing to happen.
The market sets whatever the value of the L$ is. What you or LL want it to be is irrelevant. Stipends are not the problem, as you've been told many times. So kindly drop your baseless comments and concentrate on the real issues instead. I would guess that a lot more people are profiting from the falling L$ value than they are hurting from it - and any reasonable individual knows that any 'market' is a gamble, as per the line you are sold with any investment that "values may go up as well as down". So those who 'invested' in the economy and hold millions of L$ are simply suffering as they would naturally expect to do so at any time in an open market. It's life, deal with it. Anyone who has tens of thousands of dollars tied up in a computer game needs their head tested anyway. Lewis _____________________
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Ordinal Malaprop
really very ordinary
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03-28-2006 05:08
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Paul Churchill
Pie are squared
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03-28-2006 05:09
I was waiting for this thread - I wasn't really certain it was Tuesday without it.
<grin> |
Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
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03-28-2006 05:20
march-08: 15:00 26676598 279
march-09: 16:29 27171853 279 march-10: 13:22 27578312 280 march-13: 14.05 27975892 280 march-14: 17:49 28286899 282 march-15: 17:28 27808106 281 march-16: 16:42 28256826 282 march-17: 15:21 28234515 281 march-19: 15:09 30064421 282<---- march-20: 14:41 32049378 286 march-21: 06:09 31267334 287 march-22: 08:05 30715728 285 march-23: 08:28 34995039 300 march-23: 14:25 30923054 291 march-27: 16:57 26238115 292 march-28: 14:06 28677995 294<---- time,lindex stock over 250/usd,lowest L$ value at the market. Not too bad atm. but as you can see(imagine the graphic), the lowest rate should be around 281-282, this 294/usd(+12) is a psychological effect, and lack of trust to the market. It was 282/usd for 30 million stock, now there is 28.6 million stock but it is 294/usd. Yes DATA is strange. -> Stock decreased a little but L$ is still loosing value -> L$ is loosing value, but prices are going down(at least land prices) -> prices are going down but less people are buying -> less people are buying(giving L$ to the lindex sellers), but more people are selling. -> i am totally confused, this brings me only one result, one (or two, or several) BIG(S) is(are) selling their L$s which they were keeping for months. |
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-28-2006 05:27
Time to move to China. Gonna get me a nice spot in Hong Kong.
By 2050, China will be the Richest Nation on the Planet. Time to load up on Yuan Dollars. You can 8 Yuan for 1 USD right now. Report: China Foreign Reserves at $853.7B Tuesday March 28, 4:47 am ET By Elaine Kurtenbach, AP Business Writer Report: China's Foreign Reserves, at Record $853.7 Billion, Likely Top Japan's SHANGHAI, China (AP) -- China's foreign currency reserves reached US$853.7 billion (euro710 billion) by the end of February, likely topping Japan's to become the world's largest, a state-run newspaper reported Tuesday, citing an unnamed source. _____________________
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Sirex Cookie
Registered User
Join date: 29 Jan 2006
Posts: 103
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03-28-2006 05:42
im still hoping theres time for someone to lose vast amounts of real world money. -- gives me a good giggle.
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Gabe Lippmann
"Phone's ringing, Dude."
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03-28-2006 05:47
Time to move to China. Gonna get me a nice spot in Hong Kong. Let me know how that works out. Send postcards. _____________________
go to Nocturnal Threads
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Logan Bauer
Inept Adept
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03-28-2006 05:48
![]() I want to know how this affects our prim baby supply and demand... _____________________
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Lewis Nerd
Nerd by name and nature!
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03-28-2006 05:51
im still hoping theres time for someone to lose vast amounts of real world money. -- gives me a good giggle. Those will be the people whining and griping that the value of the L$ is falling. There are plenty more people who are benefitting from the better rate than those losing out from it. Lewis _____________________
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Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
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03-28-2006 06:17
Those will be the people whining and griping that the value of the L$ is falling. There are plenty more people who are benefitting from the better rate than those losing out from it. Lewis LOOOOOOOOL you are a genious ![]() ![]() ![]() ![]() This is the worst post i have ever seen, and i am really tired of these uneducated people talking like economy experts. If you choose communism (it cant be chosen individually), your point of view could be valuable. But we live in a capitalistic economy. And the rule is simple:if bigs fall, all fall, if bigs live, you live with what they are willing to give to you. And they must give enough to keep you (customers) alive. I did again same thing. Answered to one like you. I know you wont understand even one sentence in my post. |
Ordinal Malaprop
really very ordinary
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03-28-2006 06:18
I want to know how this affects our prim baby supply and demand... The following clearly indicates that inflation is devastating the prim baby market: ![]() |
Logan Bauer
Inept Adept
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03-28-2006 06:22
The following clearly indicates that inflation is devastating the prim baby market: [... edited, see chart directly above this post] <3 _____________________
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Jamie Bergman
SL's Largest Distributor
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03-28-2006 06:26
Its red tuesday! The economy is crashing! Rid the stipends! [/sarcasm] Wanted to get this in first..hope everyone enjoys their tuesday and doesn't worry overmuch about trolls who post ludicrious economic theories. Good Day, Comrades! |
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
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03-28-2006 06:30
Stipends are not the problem, as you've been told many times. According to whom? Not according to SL's economist, Vasudha Linden. Listen, I am not for the elimination of premium stipends. But lets be honest here... Stipends ARE most certainly the problem. Ignorance is not the answer. |
Paul Churchill
Pie are squared
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Posts: 53
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03-28-2006 06:39
According to whom? Not according to SL's economist, Vasudha Linden. Listen, I am not for the elimination of premium stipends. But lets be honest here... Stipends ARE most certainly the problem. Ignorance is not the answer. Can you link to the source for that, please? |
Nepenthes Ixchel
Broadly Offended.
Join date: 6 Dec 2005
Posts: 696
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03-28-2006 06:49
Can you link to the source for that, please? Evidence? What use is evidence! Just make stuff up, it's what everyone else does. I was chatting to Philip Linden over champaigne and caviar last night. There was a terrible mistake, he said. The stable price was 350L/1USD, not 250l/1USD. A minor mistake, but it will soon be fixed. Then he chuckled, and said some I didn't quite catch about "we'll distract them with Havok 2 when the moment is right". |
Ordinal Malaprop
really very ordinary
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03-28-2006 06:58
Then he chuckled, and said some I didn't quite catch about "we'll distract them with Havok 2 when the moment is right". You see, I was believing you until that bit. |
Loniki Loudon
Homes By Loniki
Join date: 5 Dec 2005
Posts: 176
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03-28-2006 07:03
No one has any proof whatsoever that stipends cause any problem. Every week we get this blowing smoke type posts by a very very small group of person.
Lets see... Linden labs gives you 500L a week minus "find" listings... Linden Labs charges you 10 dollars a month, (10 x 295 = 2950) for a net change of negative 950L. That is assuming someone takes all the stipend and places it back in paying membership. If they spend it, they are pumping cash into the economy. Thats without counting tier which can be considerable. If every tuesday we saw thousands of people selling 500L on the lindex, maybe, just maybe some people would have the slightest bit of credibility... Perhaps if Tuesday was this great sales day with record profits for the week... don't see that happening either... Perhaps if the market on Tuesday was any different then every single day for the last week... nope, don't see that either... The only consistency of tuesday are these same monotonous whining posts that say nothing... And thats the way I see it... |
Jonas Pierterson
Dark Harlequin
Join date: 27 Dec 2005
Posts: 3,660
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03-28-2006 07:07
Just to clear up any confusion, my original post was in humor..
Just in case somone mistakenly thinks I want stipends gone.. Hope yall got a good laugh from it ![]() |
Cheyenne Marquez
Registered User
Join date: 19 Sep 2005
Posts: 940
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03-28-2006 07:08
Can you link to the source for that, please? "I am reasonably certain that the stipends are contributing to the decline of the L$." Vasudha Linden. Metaverse Messenger interview, pp 8 & 21. http://www.metaversemessenger.com/PDF/MM-2006-03-07.pdf |
Lewis Nerd
Nerd by name and nature!
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03-28-2006 07:14
According to whom? Not according to SL's economist, Vasudha Linden. ... who for all we know could be a wet-behind-the-ears, straight out of college, with a degree but no practical experience, induhvidual. For an expert, so far their only input has been "I don't think we need stipends" with no proof of support, and "Do you think we need some kind of jobs?", a total of FIVE posts the last time I looked. They may have plenty of knowledge and experience of the real world for all I know... but as so far their knowledge of online gaming has not been proven I will use my right to disregard an 'experts' opinion until they can prove in some way that they are indeed familiar with any aspect of online gaming and therefore have *relevant* knowledge. Their silence is only damaging themselves, their reputation, and their acceptance by the community at large. I can live quite happily without any input from an 'economic expert', be they appointed by LL or self-appointed as several regular posters appear to be. Lewis _____________________
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Lewis Nerd
Nerd by name and nature!
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03-28-2006 07:17
"I am reasonably certain that the stipends are contributing to the decline of the L$." Vasudha Linden. Metaverse Messenger interview, pp 8 & 21. http://www.metaversemessenger.com/PDF/MM-2006-03-07.pdf Whilst I have nothing personally against the MM, remember that it is in fact 'just another fansite' by LL's definitions, and an external unofficial source. Only Linden quotes on these forums can be considered 'official statements'. If I made a web page containing an 'interview' with a Linden, would you accept that as being reliable? Lewis _____________________
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Lee Ludd
Scripted doors & windows
Join date: 16 May 2005
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The "tuesday" effect?
03-28-2006 08:07
OK. Taking the data nicely posted this morning by Kozanture, and regressing the exchange rate on a trend variable and a dummy for Tuesday, I get:
Rate = 276 + 1.12*Day - 0.76*Tuesday Rsq is 0.74. The rate has been going up about a Linden/day, but dips on Tuesday. The trend variable is statistically significant (t=6, p<0.0001) but the Tuesday effect is not. Nevertheless, if there's any Tuesday effect at all, it's negative : the exchange rate improves (from the perspective of those who want to sell Lindens) on Tuesday. |