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) h. `' x, k; b) uSoon 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!
$ ]& H  T0 `; {0 C
  b& f5 b" @+ i( A3 D7 k* K+ R5 OThe 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.

7 G0 F  d3 h+ O/ \/ R3 j7 oIn 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.'

& X2 \  U; \5 a* {( ]# _The villagers squeezed together their savings and bought all the monkeys.
! _. d' @6 U4 Q) Q7 C" Z* wThen they never saw the man or his assistant again, only monkeyseverywhere!  Welcome to WALL STREET.