A recession is "two down consecutive quarters of GDP". A single week of Diablo probably does not qualify, but there may be two consecutive weeks of significantly lower numbers.
The bored have gone away to play. They are not farming; they are not raiding; they are not buying my gems, and are elsewhere instead.
I am currently buying large quantities of herbs, some uncut gems; and selling cut gems. I am not currently selling a lot of glyphs, but anyone who has read my blog for any length of time probably knows what I do with herbs.
Normally when I buy out cheap herbs, they might temporarily spike in price but restock fairly soon. That is not happening. This means that I am significantly affecting the herb stores (possible) or that mass farmers are simply not there (also possible) - Diablo and maybe a bot banning.
Farming normally happens mid-week - not when raids are occurring. Well this midweek - another small event happened - at least for those that could login. There was no influx of super cheap herbs. sob sob.
For gems, I am not being significantly undercut. Sure there is some competition, but no-one seems to be working terribly hard to squeeze every last gold, and I at least have been earning nice profits. (something has to pay for my gold bid run habit).
Midweek I sold next to nothing; Not from an increase in competition, but from a lack of buyers. The Stormwind - dwarven district AH looked as (not) busy as the Ironforge AH.
I am still selling expensive Yellow Epic Cata gems (about 1500g) but the Cata Red epic gems are down to about 650g. There are only two options for this - the drop rates of madness epic gems have changed to favour red or there is serious duping of some gems (which is a whine for another day). Scatter shot selling (of anything and everything) still works for a nice profit and is keeping me liquid. I picked up a few extra sales this morning, but expect the weekend raiding to be interesting - and not necessarily in a good way.
However, it is worth looking at new markets at the moment. Maybe your traditional customers or your old competition is /afk. Dust off those alts and see if they have something to sell into your AH.
Pump Up the Positive with Pets! - Oh, is there drama out there? Controversy? Bah! You call this controversy? I call it Wednesday. Another week, another outrage, more noise, blah blah blah. ...
19 minutes ago