Fwd: Monkey Economics

Begin forwarded message:

Once upon a time a man appeared in a village and announced to
the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went
out to the forest and started catching them.
The man bought thousands at $10 and, as supply started to
diminish, the villagers stopped their effort. He next announced
that he would now buy monkeys at $20 each. 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 increased to $25 each and the
supply of monkeys became so scarce it was an effort to even find
a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50 each!
However, since he h ad to go to the city on some business, his
assistant would buy 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 already collected. I will sell them to
you at $35 and when the man returns from the city, you can sell
them to him for $50 each."
The villagers rounded up all their savings and bought all the
monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and
lots of monkeys!

Now you have a better understanding of how the WALL STREET
It doesn't get much clearer than this.......


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