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.
! T: T+ O% K. i5 ~1 qThe 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.
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! u: B( ]# E+ }* K* aSoon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
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/ s$ F$ y0 n+ O1 VThe 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.
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8 b8 y* [; I4 w% r- YIn 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.'
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: x4 ^: t1 @9 |* SThe villagers squeezed together their savings and bought all the monkeys.
' O& p5 G) q" f) A" UThen they never saw the man or his assistant again, only monkeyseverywhere!  Welcome to WALL STREET.