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Showing posts with the label Virtual Economy

The Trump-Xi Beijing Summit: What the Smiling Handshakes Won't Tell You

On Thursday, Donald Trump will walk into the Great Hall of the People in Beijing, shake Xi Jinping's hand, and declare it a great meeting. There will be announcements. There will be numbers — billions of dollars in Chinese purchase commitments, a new bilateral mechanism with an important-sounding name, possibly a joint statement on Iran. Trump will post on Truth Social. Markets will rally briefly. Pundits will argue about who won. None of that will tell you what actually happened. What is actually happening in Beijing this week is something more consequential and more uncomfortable than the summit theatre will reveal: two leaders of two deeply mutually dependent superpowers, both of whom need this meeting to succeed for entirely different reasons, sitting across a table in a world that has already moved past the assumptions that defined their last nine months of negotiations. The Iran war changed the equations. The rare earth gambit changed the power balance. Taiwan is sitting in...

US Virtual Econmy is booming

With the boom in online gamers virtual currency is a market that is all set to boom. Gone are the days that 'Gamers' were connoted as a teen sitting in front of his console and playing for hours together. Today the average age of a gamer is 30 and these people have money to say. They are able to spend on virtual goods. Goods that do not really exist. Popular games on Facebook like Farmville and Mafia Wars sell goods to gamers in exchange for real hard cash. Woman it appears are more heavy gamers than men and also try to hide this fact. They play it more to be in touch with family and friends. Social gaming is set to be the big thing in 2010. The BBC reported that the Virtual Gaming market in the US market would be $5 Billion over the next 5 years. An original post by Sociolatte