War Fears, Communications Woes Still Plague Republic Stock Exchange
03/10/3133
INN - Interstellar News Network
PORT HOWARD – The ongoing communications crisis and rising fears of fighting
across the Republic, continue to plague the Republic Stock Exchange, sending
investors into a panic that analysts say could create a severe depression. Already
facing a recession in the making before what many have called “the Great Crash”,
investors from Towne to Terra continue to sell off their futures as uncertainly piles up
with each passing day.
“More and more shareholders have been running scared since word of fighting first
came in,” said John Farquest, a market analyst from Landerscholt & Sons, a Port
Howard-based investment bank, who disclosed today their eighth straight week of
losses since the collapse of the communications grid. “Many, believing it will protect
their earnings, have opted to sell off their entire portfolios, though a few have been
jumping back in with military tech stocks.”
Farquest says, however, that the worst may be yet to come. Once again citing the
breakdown of interplanetary communications, he pointed out that the current value of
stocks in off-world companies has become a “blind gamble”, with often-outdated
information arriving only as fast as the next DropShip. Exacerbated by panic sell-offs,
this situation could lead to a financial crisis felt by every corporation publicly traded
throughout the Republic and beyond. To combat this, Farquest and the vast majority
of stock brokers across Towne caution investors to think first before relinquishing
their shares.
“Imagine,” said Farquest, “an investor on Tikonov holds stock in Cyclops,
Incorporated, located on Skye, and each of his shares was worth 37.5 Devlins before
the Crash. Without reliable data, who knows what those same shares are worth
today? A mere tenth of that amount, or perhaps ten times more?”
Despite the advice, shareholders continue to dump their stocks in droves, driving the
Republic-wide industrial averages down by as much as 1,000 shares a day on Towne
alone, a decline unparalleled in history. Still, some analysts report that not all of the
news is bad. Benjamin Fitch, vice president of Fitch Accounting, has advised many of
his clients that now is the perfect time to look to the local markets for steady, reliable
growth.
“Even as the Republic Exchange reels from the crisis abroad,” said Fitch, “local
industries, particularly those geared toward defense and transportation, have begun to
thrive in their place, opening the door for at least a regional recovery that could carry
us through these dark times.”
03/10/3133
INN - Interstellar News Network
PORT HOWARD – The ongoing communications crisis and rising fears of fighting
across the Republic, continue to plague the Republic Stock Exchange, sending
investors into a panic that analysts say could create a severe depression. Already
facing a recession in the making before what many have called “the Great Crash”,
investors from Towne to Terra continue to sell off their futures as uncertainly piles up
with each passing day.
“More and more shareholders have been running scared since word of fighting first
came in,” said John Farquest, a market analyst from Landerscholt & Sons, a Port
Howard-based investment bank, who disclosed today their eighth straight week of
losses since the collapse of the communications grid. “Many, believing it will protect
their earnings, have opted to sell off their entire portfolios, though a few have been
jumping back in with military tech stocks.”
Farquest says, however, that the worst may be yet to come. Once again citing the
breakdown of interplanetary communications, he pointed out that the current value of
stocks in off-world companies has become a “blind gamble”, with often-outdated
information arriving only as fast as the next DropShip. Exacerbated by panic sell-offs,
this situation could lead to a financial crisis felt by every corporation publicly traded
throughout the Republic and beyond. To combat this, Farquest and the vast majority
of stock brokers across Towne caution investors to think first before relinquishing
their shares.
“Imagine,” said Farquest, “an investor on Tikonov holds stock in Cyclops,
Incorporated, located on Skye, and each of his shares was worth 37.5 Devlins before
the Crash. Without reliable data, who knows what those same shares are worth
today? A mere tenth of that amount, or perhaps ten times more?”
Despite the advice, shareholders continue to dump their stocks in droves, driving the
Republic-wide industrial averages down by as much as 1,000 shares a day on Towne
alone, a decline unparalleled in history. Still, some analysts report that not all of the
news is bad. Benjamin Fitch, vice president of Fitch Accounting, has advised many of
his clients that now is the perfect time to look to the local markets for steady, reliable
growth.
“Even as the Republic Exchange reels from the crisis abroad,” said Fitch, “local
industries, particularly those geared toward defense and transportation, have begun to
thrive in their place, opening the door for at least a regional recovery that could carry
us through these dark times.”
| March 10, 3133 |