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.
$ |5 q/ E! V' ?9 t, T# w7 gThe 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: j- E/ K$ DSoon 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!

3 D4 Y5 p8 y! Z7 Q/ b7 WThe 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.
; S! V& X2 i7 r4 [) L
In 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.'
  _6 T7 ]& Y% ?
The villagers squeezed together their savings and bought all the monkeys.
. M7 S# [8 |4 [! @Then they never saw the man or his assistant again, only monkeyseverywhere!  Welcome to WALL STREET.