Market Discussions

More and more "bling" ships being seen - T3s, Pirate Faction battleships, Empire Faction battleships, etc.

Hi-sec incursions that produce 50-60-80M ISK/hr are probably fueling the fire (it would be better if more payouts were made in LP rather then ISK).

Not enough ISK faucets (maybe the NPC corp taxes need to be raised, maybe additional taxes and fees need to be added).

But what is the consensus?

Are we experiencing general inflation?
Do people see it?

Like I said, in my small view of the Eve economic universe I see it, but that alone does not make it so.

TLDR;

No. Supply, meet demand.

Yes, the monetary base is inflating. Additionaly, the velocity of the monetary base has increased. All the data is not a matter of public record, so don't go looking for numbers. Best we can do is make assumptions based on past official data we have been given and keeping an eye on the markets with constricted supplies. Prices tend to increase the most, in an inflationary environment, where supply is most constricted.

Predicting precisely where and when monetary inflation will manifest, is very difficult.

Is inflation something to worry about in Eve? Only in so much as one should always keep an eye out for something at low relative value and attempt to make a profit from it. But Eve can not suffer from a hyperbolic inflationary event like the real world, the nature of the money in Eve is different. In Eve, money is just another commodity, it just happens to be the commodity that is most easily sold.

why do you think that this is the case?

I would have assumed that the loss in subscribers (isk trapped on inactive accounts) and reduction in general activity since early summer would have decreased the velocity of money substantially.

Please shut up.

Inflation in product A and B does not mean the whole market is inflated.

Look at the price of trit. When trit jumps to 10 isk a unit we can talk about inflation.

Till then you are talking about localized phenomenon.


I also dont like like price of plex. But that means only 2 things
1) need more people to sell plex
2) need more people to stop buying plex

Price of plex does not effect price of Remote gravimetric ECCM, or exotic dancers.

Main issue in eve is people are outsourcing. 95% of stuff in eve is 1 and the same item that is beeing resold 300 times. Trading is good for the health of the market but when you have a ration 10 traders : 1 manufacturer you get inflated prices.


Little Economic lesson 1:
Me and my friends are making lemonade. I bring water, and my other 2 friends each bring lemons and sugar. if ratio is 1:1:1 and my friend is first at the sceen and squizes and makes 10l of lemon juice but i brought only 5l of water we need to add a lot of sugar.

Economics and market is like a system of X equasions with x+1 variables. you cannot solve this.
A+B+C=1
A+B+C=2

You need 1 more equasion....

If you aske me you need to stop talking so general about "eve" and "market" and start talking about specific situation/item. The more specific and detail you go higher chances you have of solving your problem. You are generalizing and theorizing so much no wonder nobody cares or wants to talk about it.

First, trapped ISK in accounts - If it is an alt, that ISK is going to be moved to the Main's wallet. What we find is more ISK in a live wallet while at the same time reduced productive capacity in the game as a whole - that is to say, less stuff being produced. The ratio of ISK to Stuff changes. Same amount of ISK, less stuff being produced.

What we can't know is what does the main do with the extra ISK from the alt(s) and the stuff the alt(s) had. Do they sit on some, all of it? What is the rational decision people make? It may be rational to sit on the alt(s) stuff in the expectation they may return, and not sell the alt(s) stuff. It may be rational for others to sell the alt(s) stuff. This question can't be answered with any level of certainty, we do know that those alts will not be producing new things.

What is the rational thing to do with all that ISK? Sit on it or invest it? Buy PLEX to pay for game time? Invest in the market? The least rational thing to do is sit on the ISK and do nothing with it, at least in my opinion.

If it is a main that leaves, then productive capacity is reduced and the money supply is reduced, it is something of a wash.

There is no real inflation in EVE at this time, as there have been no massive and immediate increases in currency. The ammount of currency is steadily increasing, and that can be tracked by viewing the trend in prices for basic items (ores/minerals).

Price is meeting demand, things are fine.

And you clearly have no clue as to the meaning of monetary inflation, thanks for playing.