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.
Weekend minipost: GRR in May - I processed the CFC losses for April, the post will be up on Monday. This minipost only touches the donations. The top CFC killer was yet again Mordus Angel...
20 hours ago