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 $10. The villagers seeing there were many monkeys around, went out to the forest and started catching them.
* j) ?0 ^$ H9 xThe 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.
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9 |& |/ n4 j' \6 _. ASoon 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!
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% f& x3 g" H' w* x# [+ z+ {! aThe man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.
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$ `4 [2 T7 U0 f: I' d$ _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.'

9 z& \- s8 B: h7 S9 E1 VThe 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.