Do u Understand Wall Street..???


      If like me, you wonder what caused the current turmoil in the world
      financial markets, then read on...

      If you have difficulty understanding the current world financial
      situation, the following should help...

      Once upon a time in a village in India, a man announced 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.

      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!

      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.

      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. '

      The villagers squeezed together their savings and bought all the
      monkeys.

      Then they never saw the man or his assistant again, only monkeys
      everywhere!  Welcome to WALL STREET.

Quoting from [iulianap]:



      Do u Understand Wall Street..???

Yes----somewhat, now renamed as ''Fall Street''

Quoting from [adseaco]:

Quoting from [iulianap]:




      Do u Understand Wall Street..???

Yes----somewhat, now renamed as ''Fall Street''

wow...

Ha, ha, ha! Monkeys fooled by greed!

Thanks for your post, Iulia!

Armila

Quoting from [snowmay]:

Quoting from [adseaco]:

Quoting from [iulianap]:





      Do u Understand Wall Street..???

Yes----somewhat, now renamed as ''Fall Street''

wow...

Was it this incident what gave birth to the term "monkey business"?

Quoting from [iulianap]:



      Do u Understand Wall Street..???



      If like me, you wonder what caused the current turmoil in the world

      financial markets, then read on...


      If you have difficulty understanding the current world financial

      situation, the following should help...


      Once upon a time in a village in India, a man announced 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.


      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!


      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.


      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. '


      The villagers squeezed together their savings and bought all the

      monkeys.


      Then they never saw the man or his assistant again, only monkeys

      everywhere!  Welcome to WALL STREET.

I still can't get a better understanding of the story, but it is interesting, Thanks