A Laymans Explanation of The Derivatives Market and Crash
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Published on Fri, 28 May 2010 00:00:00 GMT
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2010/05/29
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This was passed on to me by a good friend, and I found the analogy so compelling that I decided to share it: Heidi is the proprietor of a bar in Detroit . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers...
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