September 2024 Monthly Economic Report Podcast Review

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Welcome back to the Deep dive this time
we're strapping into our mining lasers and
navigating the asteroid fields of the Eve
online economy we've got the September 2024
economic report hot off the presses thanks
to the fine folks at the Eve online Economic
Council report and Whispers of a massacre
that would make even the most hardened
capsulear gulp

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See that's how you hook a listener in you're
already 10 steps ahead of me so before we
dissect the economic forces at play Let's
address the elephant size battleship in the
room this massacre at M2 xfe marked on the
production versus destruction charts what
exactly went down and why should we care
right so M2 except he was a particularly
nasty fight even by new Eden standards well
the report doesn't go into specific details
we need those War reporters on the scene for
that the sheer scale of Destruction is off
the charts think of it as the kind of
conflict that sends ripples through the
entire economy makes sense if you suddenly
have to replace thousands of battleships
that's going to send mineral prices
skyrocketing right exactly and that's
precisely what we see in the data the ship
index which is essentially measures the
overall value of ships being built and
destroyed is down about 4.5% over the last
year now on its own that might not sound
catastrophic but when you consider the
mineral price index simultaneously hitting a
record high of 287 well

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Things start to get very interesting so
while ships are being blown up left and
right at M2 xfe the cost of rebuilding those
fleets is through the roof this sounds like
a resource tycoon's dream and a newbie
Pilots nightmare all rolled into one
precisely and this is where it starts to
impact your decisions as a player let's take
the asteroid and moon or mining numbers for
example now these figures have remain pretty
stable over the past year indicating that
the raw materials themselves aren't
necessarily becoming scarcer but their
values going up because everyone and their
space Grandma needs to restock after this
massive battle and this is where
understanding the regional data becomes
critical for instance we see delve which is
usually humming along is the industrial
Heartland of new Eden showing high
production but

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Surprisingly pretty low distractions Factory
Planet churning out ships and probably
raking in isk Handover fist you're catching
on fast it seems like delve is taking a page
out of the classic build more factories
Playbook this suggests that Savvy
industrialists and delve could be reaping
huge profits right now supplying everyone
rebuilding after the M2 xfe Clash of
galaxies manufacturing Hub who's on the
receiving end of all those shiny new shit
well that's where it gets even more
interesting if we shift our Focus to the
forge we see it completely different picture
they're leading the charts and destruction
as usual but lagging behind in production
system with the amazing asteroid belts
everyone fights over but not enough
factories to keep up with the constant
explosions A Perfect Analogy and that's a
key takeaway for you if you're looking for
Bargain Basement prices on ships

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Delve is probably your best bet

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So you'll need to factor in the cost of
hauling them to the forge that's assuming
you survive the trip so we've got delve
supplying ships the forged demanding them
sounds like a classic case of economic
interdependence precisely and this is
reflected in the isk flows Illustrated in
the report notice how domain for instance
shows a significant Trade Surplus this
suggests they're exporting more than
importing likely capitalizing on the
increased demand for resources and ships
hold on a trade surplus but wouldn't that
make them a prime target for pirates or
rival alliances looking to snatch a piece of
that pie it's like painting a giant bullseye
on their Stargates that's an excellent point
it raises the question of sustainability and
risk while a trade surplus seems beneficial
on the surface it could also make them
vulnerable think about it all that isk
flowing in could quickly become a liability
if they're not careful the rich get richer
and in space they get targeted by everyone
with a pulse laser

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But seriously this interconnectedness is
fascinating it's like every action from a
single mining up to a massive battle like M2
xfe has these cascading effects across the
entire Eve Universe absolutely and the
report highlights is beautifully with
visualizations of the isk flows you can see
these intricate trade networks connecting
regions like economic arteries in veins
speaking of connections you mentioned
Metropolis having strong trade links to
almost every other region what's their story
they seem to be in a unique position here

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Because

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Because they seem to be playing a more
balanced game they're not overly reliant on
production or destruction but instead their
position is a central trading Hub this
likely makes them less susceptible to sudden
economic swings but also means they need to
keep those trade routes secure so

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Well everyone else is laser focused on
building or blowing things up Metropolis is
playing 40 chess with their Logistics and
trade deals smart move this report has
really opened my eyes to how much more there
is to Eves economy then just Mining and
Market PVP and we've only scratched the
surface remember that spike in Asteroid or
mining we saw back in December 2023 that
wasn't directly tied to the M2 xfe conflict

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Right that sudden surge in Asteroid or
extraction almost like someone knew
something big was about to go down what do
you think caused that was it inside of
trading

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But in space space no that's an interesting
thought well we can't rule anything out in
new Eden it's more likely that the spike
indicates some other major event or Trend we
haven't fully grasped yet remember this
report is just a snapshot in time we're
seeing the effects but the causes are often
hidden playing out like a game of economic
chess across the Stars okay that's both
fascinating and slightly terrifying it's
like those moments in a game where you
realize someone out there is playing a whole
other level so

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With all these interconnected factors these
ripples from battles and Whispers of Market
manipulation

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What can we actually expect for the future
of Eve's economy that's the billion isk
question isn't it predicting the future in
new Eden is a Fool's errand but we can make
some educated guesses

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Will the mineral price index continue to
climb it's possible especially if these
large scale conflicts keep erupting will the
ship index rebound

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That depends on how quickly those industrial
Titans and delve can turn out Replacements
and how eager capsules are to risk them in
battle right because what good is a shiny
new Battleship if it's just going to end up
as space debris in the next big Throwdown
but thinking about the players themselves
especially the newer ones just starting
their space fairing careers this all sounds
pretty daunting it's like trying to open a
lemonade stand in the middle of the Gold
Rush you're not wrong the increasing cost of
ships and Equipment due to the mineral price
surge could certainly create a barrier to
entry newer players might find it much
harder to compete unless they join
established alliances or find creative ways
to carve out their Niche and speaking of
niches we can't forget those Regional
differences could those lead to even more
conflict as alliances try to control those
lucrative asteroid belts in the Forge or
secure those juicy trade routes to
Metropolis it certainly a possibility as
regions become more specialized the
competition for control could intensify

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Imagine alliances vying for dominance over
Dell's industrial output potentially
sparking massive Wars with ripple effects
across the entire game and let's not forget
about those trade and balances domain might
be sitting pretty with their Surplus now but
wouldn't that make them attempting target
for anyone looking to disrupt the balance of
power it's like they've become the Eve
online equivalent of a galactic Bank exactly
they might become a victim of their own
success we could see blockades sabotage
attempts even full-blown economic Warfare is
players in alliances leverage the flow of
isk to gain an advantage wow this is gone
from a deep dive into a deep space Thriller
in record time it's amazing how easy online
manages to mirror the complexities of the
real world just with a whole lot more
spaceships and the laser beams it's a
testament to the games depth and the
Ingenuity of its players the Eve online
universe is a constant game of adaptation
and strategy we're understanding the
economic forces at play is just as crucial
as mastering your piloting

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Well said so to you are Intrepid listener
the takeaway is this pay attention to the
economic indicators watch those trade routes
carefully and maybe invest in some extra
asteroid or just in case the future of new
Eden is being written right now and every
mining operation every Market transaction
every battle one or loss plays a part in
shaping the Galaxy to come fly safe out
there and thanks for joining us on the