steel makers aren’t competitive, but because they can’t make enough to meet demand. Imports of foreign steel are surging, not because U.S. The need for real things is reflected in much more than strong car sales.
And Chrysler sold a lot of Grand Cherokees last year-an estimated 237,000, up from 217,000 in 1993. Think of it this way: Whatever the monthly payments, the $30,000 that the Gonzalez or Smith or Lee family spent on a new Jeep Grand Cherokee in 1994 reduced by some significant amount what the same family might otherwise have added to its financial investments. And as Europe and Japan followed America into economic expansion in 1994-while the Third World continued its rapid growth-the focus shifted worldwide from investing in paper to investing in real things. economy finally began to break out of its cocoon late in 1993, the stage was set for a reversal of the money flow back into the real economy. Individuals, for example, invested a record amount in stock and bond mutual funds in 19: Gross fund purchases totaled $876 billion in those two years-nearly as much as was purchased in the entire 1970-89 period.Ĭommercial banks, finding little demand for loans in the early ‘90s, invested their idle cash in a mountain of U.S. So, much of the wealth generated in the economy went into paper investments. With demand for real goods and services waning, money wasn’t needed to build new plants or buy equipment. That enriched investors, even as many non-investors feared for their jobs. In effect, wealth now is being transferred from the financial economy to the real economy-a reversal of what happened in the early 1990s, and in fact for much of the last 13 years.įrom 1991 through 1993, an anemic real economy allowed for plunging interest rates that dramatically bolstered the value of stocks and bonds. “Wall Street had a big party for three years,” from 1991 through 1993, says David Shulman, investment strategist at Salomon Bros. And for a number of reasons, that may relegate the “financial” economy-meaning stock and bond markets-to the shadows for a while. The Fed notwithstanding, they say, the sun is finally shining on the “real” economy of goods, services and the workers who provide them. Short-term rates, after all, have already doubled from a year ago.īut some experts now see a larger issue confronting Wall Street. Although the Fed is expected to raise short-term interest rates further this year to cool the still-strong economy, it’s a reasonable bet that the most substantial rate increases are behind us. auction - Shows current auction details or auction running information.If the Fed were the markets’ sole problem, the worries might be over soon enough. Here are all of the commands that are currently in the /auction namescope:. OR /shop buy stone Global Auction Commands The pipe (|) is used as a seperator for short commands and long commands, an example usage of a command: /shop -b stone shop -l|list - Lists items for sale / buying. shop - Shows amount per for selling/buying shop - Shows amount per item/bundle for selling/buying = item, = amount, | = or, required, optional Here are all of the commands that are currently in the /shop namescope:. money -x|reset - Resets a players balance, no notify of reset if you specify n money help|? - Displays the help documentationĪdmin Features money -t|top - Shows top 5 or amount specified money -r|rank - Show your rank or another players money - Shows your balance or player specified ≶p> = player, ≶a> = amount, | = or, ≶> required, optional
Here are all of the commands that are currently in the /money namescope:. If your economy gets out of hand, a simple resetting of a users account can be done.ĭon't worry, iConomy is here for you. Well, with auctioning your users can let others bid on what they have for either insanely low prices or extremely outrageous prices to stir up the economy. This will allow for your economy to stimulate itself by letting the users determine how much they should sell their items or land for while you sit back and watch it grow. This will allow your players to interact with each other and stop asking you to do all the hard work, like give out items or trading.įear not, trading is still allowed through the money system which allows users to pay other users and admins. iConomy brings a money, auction, and shop system into play. Soon physical actions will be implemented to further drive your economy forward however until then, we rely on the commands. IConomy takes your familiar economy scheme and pushes it into minecraft using MUD style commands.
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