SPIRAL!

$PPSE closed several points below pessimistic estimations. What does it mean for the economy?

By NASH SWO on June 5th, 2024

PONY PLANET -- For the fifth consecutive week, $PPSE has closed several points below even the most pessimistic estimations in the stock exchange. This is NOT an isolated event. Former President Choclate built a shining economy focused on pumping cash into the nation through the military. The competition provided by military industry, housing, products and benefits drove the economy on Pony Planet and prevented monopolies. Under the Slush Administration however, defense spending has been cut back by over $170 Billion Dollars with NO plan for how to stabilise the economy. Our president has moved too fast, prioritising short-term headlines over the long-term viability of this nation. As a result of the massive defense spending cuts, almost unilaterally, busineses in the defense sector (which accounts for 40% of Pony Planet's GDP) saw demand crash overnight. No more ships being built, weapons being made, or ammunition manufactured meant raw materials like steel were not needed, the dry-docks were empty and their workers without pay, sub-contractors and research labs were left without a pay check. Supply currently massively exceeds demand, so companies have been forced to cut prices everywhere. As a result the value of the Pony Planet Dollar has been rapidly growing as deflation takes hold of the nation. Despite the cuts happening at the start of her term, President Slush was able to avoid this gruesome fate for the economy thanks to outstanding armaments orders to the Dolphins and the Deer keeping the defense industry alive. Last week however, the last safety net saving us from the short-sighted economically braindead choices of our President snapped. And we, all of us, must pay the price for incompetence.

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