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Neopia's Fill in the Blank News Source | 29th day of Awakening, Yr 22
The Neopian Times Week 13 > Neomarket Report

The Neo-Market Report

Once again, it’s time to visit Neopia’s foremost economic experts. Joining Neil and Maria today will be Nigel the Chia, who’ll be here to discuss his investment strategy in the wake of this latest economic downturn. And now, here are our hosts…

KAUVUTO: Hello and welcome to this week’s edition of The Neo-Market Report. I’m your host Neil Kauvuto, and as always I’m glad to be joined by my co-host, the lovely and talented Maria Blumaroono, who’s here with all the latest stories from the floor of the exchange. Maria, what’s making news today?

BLUMAROONO: Well Neil, it looks as if the Neopian economy has started to come down with a slight case of inflation. With the Neodaq steadily picking up steam and consumer confidence growing, a subsequent rise in prices sent this recent flourish of financial good fortune into a sudden tailspin, as investors saw the Neodaq index drop a disturbing fifty-three points.

A number of companies were sent scrambling by this latest recession; among those leading the way is Cybun Electromatics, who saw their stocks drop a whopping fifty points a share after the company’s CEO, Miss Cyberta Green, announced at a shareholders’ meeting that Cybun’s profits are down 23% from this time last year. In her statement, Cyberta said, “I realise that this is a difficult time for us all, with this recent downturn. However, we’ve got a brilliant line of products ready for this next quarter, and once the economy picks up, we expect to be right there to cash in.”

KAUVUTO: Another company struggling during the recent slowdown has been Nakron, who posted a loss for the third consecutive week. As one of the companies that profited greatly from the resurgent Neopian economy, the recent downturn has really cost them, resulting in a stunning 82% drop in share value during the past month. A high-ranking Nakron employee, who wished to remain anonymous, had the following to say: “At first everybody was really nervous… but now, after hearing so many rumours about possible layoffs, it’s gotten to the point where people are like, ‘Go ahead, let’s just get it over with.’ It’s as if they don’t even care any more.”

BLUMAROONO: On the other hand, one company that’s been able to turn a profit during this latest economic hardship has been Super Splime Shakes. Shares in Super Splime soared after a press leak uncovered that the company’s Research and Development sector had made a major breakthrough in their hopes of developing a product known as Weather Wear. When asked to comment on the status of Weather Wear, Super Splime co-founder Kati Hennic said, “Whoa, let’s not everybody get all excited at once! It’ll probably be years before Weather Wear hits the stores. Here’s the thing; until a week ago, no one was even sure that it could be done…now, we’re pretty confident that Weather Wear will someday actually happen. However, we have no idea how long it’s going to take.”

KAUVUTO: Given the current economic uncertainty, it may be hard for many of you to imagine putting your money in the market. However, as our guest today will tell you, there are some great bargains waiting on The Big Board. Joining us today is Neopia’s leading commodities broker, our old friend Nigel the Chia. Nigel, thanks for taking time out of your busy schedule to stop by.

NIGEL: Certainly, Neil. Glad to be here…

BLUMAROONO: Now as everyone knows, you made your early fortune by investing in heavy industry. Up until recently, it was manufacturers such as Powlex and Chia Steel who were driving this recent surge in the economy. How do you feel about investing in heavy industry right now?

NIGEL: Well Maria, at this moment I don’t think that heavy industry is the way to go; sure, those guys at Nakron and Powlex had a nice little run, but let’s face it; their place in the recovery cycle has already passed. It’s going to be a long time before you see me recommending a buy in the heavy industry sector. On the other hand, if you look at a company like, say… Skeith Feeding, whose President Jonas Lupendrup came by a few weeks ago, I think that’s a company worth putting your NP into. Like Jonas said, they’re recession-proof, and as long as they can keep coming up with cheaper sources of food, they’re going to continue to turn huge profits.

KAUVUTO: One of the big newsmakers this week has been Super Splime… what do you think of their prospects, especially in light of this latest breakthrough in the development of Weather Wear?

NIGEL: I wouldn’t put my money anywhere near Super Splime; for every great product that Super Splime manages to create, they have a dozen failed projects that waste resources and never really come to anything. And besides, like Kati Hennic herself said, who knows how long it’ll be before something like Weather Wear hits the shelves? There’s just too much uncertainty involved, and when I’m investing my money, I like to go with a sure thing…

BLUMAROONO: Well Nigel, we know you’re pressed for time, so that’ll have to do it for today. For Nigel the Chia and Neil Kauvuto, this is Maria Blumaroono saying thank you and so long….

Check out previous Neomarket Reports:
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