THE CURRENT WORLD FINAnCIAL CRISIS AND ITS EVOLUTION

Buddy

Once upon a time in a village in India, a manannounced to the villagers that he would buy monkeys for $10. The villagers seeing there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts.The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
7 e9 A* l# u3 x, o# a+ B6 T3 t8 R
7 Z! i& r! I. \Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
* ]8 Q" h% L" U% M/ {
, {5 T8 A3 T8 x2 g) T% B) lThe man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.

* a; R3 u( u- j# u8 Y# hIn the absence of the man, the assistant told the villagers: 'Look at all these monkeys in the big cage that the man has collected. I will sell them to you at$35 and when he returns from the city, you can sell them back to him for $50.'

The villagers squeezed together their savings and bought all the monkeys.
- P: ^( R3 E6 \. n7 C7 H0 kThen they never saw the man or his assistant again, only monkeyseverywhere!  Welcome to WALL STREET.