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 $10. The villagers seeing there were many monkeys around, went out to the forest and started catching them.
4 v% @9 e4 M# T$ R" U4 P( t/ ~; 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.

) ~4 n1 v6 S- A1 d7 r6 BSoon 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!

2 o4 `" F" ?5 K! q- m  ^5 c2 u( N& yThe 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.

, n0 P; N* @$ L# i( FIn 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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The villagers squeezed together their savings and bought all the monkeys.
Then they never saw the man or his assistant again, only monkeyseverywhere!  Welcome to WALL STREET.