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.
2 s% {! I# h5 q% Y8 VThe 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.
, ^0 z" u" G& s/ y+ b9 N, s; S- d
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
" H4 V$ M; q+ k/ N) m  l
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.

! d' n5 v3 ^1 P0 _1 l- C3 c9 aIn 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.'

The villagers squeezed together their savings and bought all the monkeys.
. B1 K: d4 X- z- ?) f  JThen they never saw the man or his assistant again, only monkeyseverywhere!  Welcome to WALL STREET.