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.

% t$ q0 m) I) ?" b( kSoon 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!

! z4 S$ g; j: `7 iThe 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.
9 V4 i0 b5 G/ E. }+ k) i) q
* Z2 W4 S! n+ ?' v4 _5 k9 Y# B- 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.'
7 q+ u, E  v* K% q
" R6 ?/ \, w5 AThe 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.