Economists Agree: Azeroth The Best Economy In The World
iTZKooPA on Wednesday, October 1, 2008 - 19 Comments Tags: Auction House, Behind the Scenes, black tuesday, economy, oh my god, omg, stock market, where's my money 
The United States stock market has been more random than a raid against Gruul in recent weeks. Since the House shot down the proposed 700 billion dollar bailout bill – glad they did by the way – the market has become even more tumultuous. The Dow Jones had a record decline of nearly 800 points after the bill's failure, followed by an increase the next day from short-selling. But analysts have found one market that seems to be a bit insulated from the crashing economy, video games.
It is no wonder why world renowned economists are claiming that Azeroth's economy is currently the strongest economy in the world. US Federal Reserve Chairman Ben Bernanke states that “Azeroth's economy is the strongest market that I have seen in years. Inflation is low and well managed by Blizzard, consumers are spending at incredible rates, and goods are being bought and sold within days of creation. The current market trends in Azeroth could not be more polar opposites to the rest of the world.”
Secretary of Treasury and guy who is incredibly sure of himself Henry Paulson believes that “The economy in Azeroth is fine. No problems there, of course I did say the same thing about the US economy recently. But, this time I mean it. Put all your gold in Goldman Bags, they will be just fine.”
Mad Money's Jim Cramer exclaims that “HOLY COW, I HAVEN'T SEEN AN ECONOMY THIS HEALTHY SINCE I BEGAN SHOUTING AND THROWING THINGS ON TV. THE MAINLAND OF AZEROTH IS RAKING IN THE DOUGH WITH THE TRADE DEFICIT HEAVILY IN THEIR FAVOR. IF YOU COULD BUY STOCK IN AZEROTH I WOULD RATE THEM ALL A “TRIPLE BUY,” BOOYAH!”
Need an opinion from a real person, someone you know? Well, Solidsamm of Magtheridon agrees with the eggheads. “I can't believe this market. It is ripe for the picking. The auction house is truly a buy-low, sell-high market right now. I picked up a few thousand Netherweave Cloth for just over 250g, transmuted it to Heavy Netherweave Bandages and vendored them for close to 400g. That is almost 150g in profit with no risk! And with Wrath of the Lich King coming soon, things can only get better!”
Editor's Note: Not all quotes are real.
Reader Comments (19)
Second comment
With wool going for about 1g on my server, I wouldnt say the market is "healthy".
Screw you Jim Cramer.
You and your caps lock.
I have always found in-game economics to be fascinating. They provide a great way to study supply and demand.
There was a great comment on the WoW forums earlier this week. Someone said that they had made some bad investments and loans, and they needed Blizz to give them, without question, 700,000 gold so his server's economy wouldn't collapse.
I thought it was pretty funny, but a blue responded and locked it pretty soon after.
No way! the rate of inflation is huge! The 10 gold I invested 2 years ago, is basically worthless, how am I supposed to put my Alts through Deadmines with the economy in the tanker?
Hehe, wish netherweave was selling as low as that on my server >.>
My server, Arthas(WOOT IM ON ARTHAS' SERVER, BOOYA!) has very low inflation. In fact instaed of epic gems selling for the normal 200-300 gold they ahve dropped to bout 100-150. many people arent buying anything and just farming gold for wrath. So i think in wrath the world of Azeroth/Outlands/Northrend will be very healthy with many buying and selling of items.
On Malfurion, netherweave cloth sells for about 3g/stack. I find that ridiculous when I have to pay much more than that to buy a stack of, say, wool or silk. >_<
So because of that, I don't bother with auctioning my extra stacks of netherweave cloth. Instead, I just send stacks of netherweave and arcane dust to my twin, who can then create bolts of imbued netherweave.
... ... You know, I just can't stand it when people unreasonably exaggerate the value of an item when auctioning it. Sure, you're paying for the convenience but that doesn't excuse outrageous prices. *sigh* Yeah, I know I'm going after a lost cause, but... geez. *sigh*
Glad they shot down the bill huh? Yes, I agree. Helping the nation is a HORRIBLE idea. We definitely need another Great Depression.
By the way, Arthas' economy pretty much rocks.
Yes we need another depression, but we also need a large war directly afterward or else the country will cease to exist. History tends to repeat itself...
Sry for the change of topic...
But please be aware the bill is not going to help the economy...It flat out helps the bankers who made bad investments...If they want to help the economy very simple plan..
Take every taxpayer.. give them 1 million dollars each..which would jumpstart the economy..needless to say get the citizens out of debt..not the rich bankers(with whom if they get their no questions asked bill..will not help anyone but themselves..)
Otherwise.. if the bill passes the people who caused the problem will not lose a dime...taxpayers will lose 700 billion..people will still be in debt because of these same companys who are wanting help now..
Remember who better to safegaurd your money than you..its about time that the goverment starts helping it citizens..not the people who buy votes...
free market people...some companys just cant compete..
If you cant pay your bills the goverment will not pay them for you..so why should our tax dollars pay the bills of the rich who made a mistake in our...(god bless it)freemarket..
While the bill may not have been the ideal way to take care of this Economic Crisis, voting it down and doing nothing about it is far, far worse.
Yeah, better to run with a kneejerk reaction and do something, anything just for the sake of doing something as opposed to figuring out the right thing and doing that.
Last time the .gov went wild and did something as fast as they could we were given the patriot act. Last I heard there were a lot of flaws there, just waiting to be exploited by a goverment that will screw you at the drop of a hat.
These banks lent money to folks that couldn't really afford it, but now they want me (a US taxpayer) to pay for the bad buisness choices they made to the tune of 7,000,000,000.00 dollars? WTF?
Now back to the point, my home server dosen't seem to be the best. Cloth is outrageous, 3-4 gold for a stack of wool? Even more for silk or mageweave? Seems that mats for professions are through the roof, and have been for a long time.
my server (tarren mill europe) is pretty much a gold farmers hell...... a pack of wool costs about 5g and the netherweave can get up to 10g... thats just ridiculous according to me... if you want to grind for twink gear you need att LEAST 1000g for the first small stuff
the way i see it, if you complain about the pricing on the ah, then go get it yourself. things on the ah are going to get higher or lower depending on what the server is doing. if the server is trying to get everything they can left for their alts and mains, high prices...if they are doing nothing, except dailys and what not, low prices. population plays into effect.
and as far as the bailout goes, im not getting my taxes increased to pay for a company i would probably never give money to in the first place. when gas is being raised again here within the next year to about 200$ a barrel, but being lowered to countries like, russia, china, north Korea, and iran....yea no thanks. just let me help pay or do something in another way, while leaving me money for gas, food, and games. im not trying to be political, which we shouldnt be on this site, so i dont care about a democratic view or a republican, i just dont want to waste the money i earn, to companies that (some) tend to spend more than they earn.
** and as a last note, why pay for a bailout, when the money is actually going to the corporate heads like the ceo's but the lower level employees dont get anything? feel sorry that whoever supported the bailout, didnt support the real people who were the back bone of those companies.
When I last time logged in to WoW, Dunemaul, which is a European server, the prices were most of the time sky high.
The most profiting thing to farm was Wool Cloth, 5-8g stack.
This was pretty nice because we were just farming DM for our twinks. (Note: We're Horde)
But the market in our server is pretty poor, much because people are lazy and don't farm for things. This leads to the point where you basicly need every loot you get and don't have extra to sell at the AH.
And just before my time was up I bought an http://www.wowhead.com/?item=1973 for the price of 500-800g, I can't remember.
Speaking as a non-US person, I'm actually disappointed that the bill was not passed at congress.
Whilst it would hurt the average US taxpayer and is by no means a perfect solution, the impacts that the banks have on a global scale cannot be ignored. Already those banks are shifting their debts to foreign shores in order to make it seem like less of a burden, but why should the rest of the world have to suffer because of the greed of some Americans?
And don't even start complaining about how much you guys "pay" for petrol...
completely agree with that post above here. Right now banks in my country are getting gouvernement support because idiot bankers in america sold packages containing creditcard debt as tripple a rated investments. ( bankers term for an investment that has a 100% return of the investment, eg you will never "lose" money on it except that you might not get any profit on them )
And obviousely, you guys don't pay your credit debts hence now banks over here are stuck with your economy failing
( owh and btw, credit cards were NEVER rated tripple a, they were always considered high risk, its just banks over in the us dumping bad debts in packages to get cash returns that they need to survive. )
hence, when world economy is considered, dismissing that bill was the worst that could have happened.
// Sardit, ( economics major )