Main Page Go to Short Stories Go back to Articles Go to Comics Go to Continued Series Go to Editorial Go to New Series

Show All | Week 1 | Week 2 | Week 3 | Week 4 | Week 5 | Week 6 | Week 7 | Week 8 | Week 9 | Week 10 | Week 11 | Week 12 | Week 13 | Week 14 | Week 15 | Week 16 | Week 17 | Week 18 | Week 19 | Week 20 | Week 21 | Week 22 | Week 23 | Week 24 | Week 25 | Week 26 | Week 27 | Week 28 | Week 29 | Week 30 | Week 31 | Week 32 | Week 33 | Week 34 | Week 35 | Week 36 | Week 37 | Week 38 | Week 39 | Week 40 | Week 41 | Week 42 | Week 43 | Week 44 | Week 45 | Week 46 | Week 47 | Week 48 | Week 49 | Week 50 | Week 51 | Week 52 | Week 53 | Week 54 | Week 55 | Week 56 | Week 57 | Week 58 | Week 59 | Week 60 | Week 61 | Week 62 | Week 63 | Week 64 | Week 65 | Week 66 | Week 67 | Week 68 | Week 69 | Week 70 | Week 71 | Week 72 | Week 73 | Week 74 | Week 75 | Week 76 | Week 77 | Week 78 | Week 79 | Week 80 | Week 81 | Week 82 | Week 83 | Week 84 | Week 85 | Week 86 | Week 87 | Week 88 | Week 89 | Week 90 | Week 91 | Week 92 | Week 93 | Week 94 | Week 95 | Week 96 | Week 97 | Week 98 | Week 99 | Week 100 | Week 101 | Week 102 | Week 103 | Week 104 | Week 105 | Week 106 | Week 107 | Week 108 | Week 109 | Week 110 | Week 111 | Week 112 | Week 113 | Week 114 | Week 115 | Week 116 | Week 117 | Week 118 | Week 119 | Week 120 | Week 121 | Week 122 | Week 123 | Week 124 | Week 125 | Week 126 | Week 127 | Week 128 | Week 129 | Week 130 | Week 131 | Week 132 | Week 133 | Week 134 | Week 135 | Week 136 | Week 137 | Week 138 | Week 139 | Week 140 | Week 141 | Week 142 | Week 143 | Week 144 | Week 145 | Week 146 | Week 147 | Week 148 | Week 149

Neopia's Fill in the Blank News Source | 29th day of Hunting, Yr 22
The Neopian Times Week 14 > Neomarket Report

The Neo-Market Report

And now, the time has come to drop in for a visit with Neopia’s leading financial analysts. Joining our hosts today will be Arvid Grundospeck, Chairman of the Neopian Reserve, who’ll be here to talk about how his decision to lower interest rates has jumpstarted the Neopian economy. And now, here are Neil and Maria…

KAUVUTO: Hello and thank you for joining us this week at The Neo-Market Report. I am your host Neil Kauvuto, and as always I’m glad to be joined today by the former Portfolio Manager of the Eyrie High Flyer Fund, my lovely co-host Maria Blumaroono, who’s at The News Desk with the latest word from The Big Board. Maria, what’s making news on the exchange today?

BLUMAROONO: Well Neil, the floor has been absolutely buzzing ever since Chairman Grundospeck announced on Monday that, in hopes of reviving this once-promising economy, he was going to slash interest rates to unheard-of lows. Immediately, investors went into a buying frenzy, sending the Neodaq index climbing an incredible seventy-seven points. The biggest winner this week turned out to be Hakaheke Island Flights, who had been in the process of slowly recovering ever since their stock price bottomed out nearly three weeks ago at twenty-six NPs a share. After modest gains of nine and eighteen NPs a share in the previous two weeks, Hakaheke’s value exploded after Chairman Grundospeck’s announcement, skyrocketing fifty-seven NPs a share as investors scurried to get their hands on the stock. Commenting on his company’s recent good fortune, Hakaheke President Cappa Torville said, “Well, I’m just glad to see the economy as a whole doing well once again. The fact that we’re one of the major companies driving this surge, well… I guess that’s just an added bonus.”

Another company benefiting from this latest boom in the market has been Breadmaster Bakeries, whose stock value soared after The Breadmaster reported on Wednesday that they’d posted record profits for the quarter. While The Breadmaster cited the popularity of Eyrie cookies and Halloween-themed “Spooky Goodies” as a major key to their recent good fortune, the bakery’s prosperity inspired many an investor to jump on the bandwagon, sending their stock value soaring an impressive twenty-five points.

KAUVUTO: Our guest today happens to be a key figure in this recent resurgence by the Neopian economy. As Chairman of the Neopian Reserve, Arvid Grundospeck made the decision to reduce interest rates to unbelievable new lows, giving Neopian investors the boost that they’d needed to get the economy back on track. Mr. Grundospeck, we’re glad to have you here today…

ARVID: Thank you, Neil. I’ m glad to be here once again. It’s always a pleasure stopping by…

KAUVUTO: Mr. Chairman, in the past you’ve been willing to occasionally lower interest rates as a way of stimulating the economy. However, you’ve never done anything this drastic. Is our economy really in THAT much trouble?

ARVID: Oh, I don’t think that’s the case. It’s just that, at this time, I feel like we’ve got a real opportunity to do some unbelievable things with this economy. I’ve got a strong feeling that prosperity is just around the corner… we’re so close, and yet I’m convinced that, without these interest cuts, then we could be missing out on our big chance.

BLUMAROONO: Mr. Chairman, just a few weeks ago, it seemed like we were on the right track; heavy industry was doing well, and the retail sector was starting to pick up… where did it all go wrong?

ARVID: In my opinion, Maria, here’s what I think happened: as you mentioned, we had all the signs of a major recovery… heavy industry had taken off, retail was starting to pick up. However, when that initial flush of capital came into the retail sector, I think they ended up overestimating consumer confidence. So, while the retailers loaded up on backstock and raised prices to compensate for inflation, the consumers sort of said, “Okay, we’ve had our fun and spent our disposable income; now it’s time to put a little bit away in the bank.”

So, these overpriced products just ended up sitting on the shelf, and that’s what put us in the current situation we’re in. That’s why I felt the need to lower the interest rates… you know, give investors some incentive to put money into these companies, so they can stay afloat until the consumers start to come around again. When they do, these customers will really see the fruits of that initial burst of capital in the retail sector, and our economy will return to form.

BLUMAROONO: Well, that’s all the time that we have this week. For Chairman Grundospeck and Neil Kauvuto, this is Maria Blumaroono saying thank you and so long….

Check out previous Neomarket Reports:
| week 1 | week 2 | week 3 | week 4 | week 5 | week 6 | week 7 | week 8 | week 9 | week 10 | week 11 | week 12 | week 13 |

Search :
Great stories!

The Power of Drain Life
This ability is the 7th Dark Faerie ability and has a lot of power.

by bluearticuno


All About Air Faeries
Finally translated for the first time, this fancy hardcover edition of one of Neopia's most treasured book...

by roguegirl_37


When it's Hot, Freeze it
Freezing your opponent--cheap victory or great strategy?

by chromelobster


Your Guide to the Battledome
No matter if you are rich or poor, you can still be successful in battle.

by stormdragon6400


Just Like My Hero: Part Four
They set off right away. After about fifty days of traveling, they started to get really, really, really, really, really, tired.

by xena206


Neopets | Main | Articles | Editorial | NeoMarket
Short Stories | Comics | New Series | Continued Series | Search