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.
) G# z+ J8 A- e- r, [% }
8 k9 ]: e+ W: `8 \/ u+ ?0 OSoon 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!
/ a! y4 p) D( W  x- R0 l7 r) C& O! I
. p6 f1 F1 G  @+ w! Q% ?The 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.
3 a% j4 c. I. R6 `3 ^/ ^, c
# b9 h' b  @( QIn 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.'

1 w6 @% e0 z6 u. J: HThe 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.