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FT: When video game interest rates mimick real life


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https://www.ft.com/content/68f96d24-02f0-42fd-b132-aba0acba777f

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The estimated 12m players of Nintendo’s cartoon fantasy Animal Crossing: New Horizons were informed last week about the move, in which the Bank of Nook slashed the interest paid on savings from around 0.5 per cent to just 0.05 per cent.

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As many users pointed out online, the much lower interest rate means that the most effective way of making money is now to gamble on the game’s internal “stalk” market — a bourse in which the only commodity is turnips, sold to investors during a single session on Sundays. The root vegetables rot and their value drops to zero after a week.

 

 

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But there's zero risk to this turnip market.

There's 12m players and if a player has a high buy price, they just open their island to other players. The other players takes a plane to the new island and then sells their turnips to Timmy and Tommy (the raccoons running the shop) and voila profit of times 2 to times 6 of purchase price.

The question is where the effing hell did Timmy and Tommy get their money from and how are they not bankrupt yet?

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Wow, is Hideo Kojima on the Dev team?

14 hours ago, Drifty said:

The question is where the effing hell did Timmy and Tommy get their money from and how are they not bankrupt yet?

Same place Bernanke, Yellen, Powell, Draghi, and Lagarde get it.

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  • 416 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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