l Sprint LTE 11:33 AM e equities.com Three leading economists took a small plane
ID: 1132242 • Letter: L
Question
l Sprint LTE 11:33 AM e equities.com Three leading economists took a small plane to the wilderness in northern Canada to hunt moose over the weekend. The last thing the pilot said was, "Remember, this is a very small plane and you will only be able to bring ONE moose back." But of course, they killed one each and come Sunday, they talked the pilot into letting them bring all three dead moose onboard. So just after takeoff, the plane stalled and crashed. In the wreckage, one of the economists woke up, looked around and said, "Where the hell are we." The other economist replied, "Oh, just about a hundred yards east of the place where we crashed last year."Explanation / Answer
The given statement is indicative of the fact that each crash of the economy or a recession in the economy, pushes the country way behind many years in terms of productivity, infrastructure, employment and investors’ confidence. Moving towards the east, means going backward or downward as indicated. Further, it is the greed to earn more money and speculative decisions that make the economy to crash as indicated by these three people willing to carry all three mooses instead of one. It is the case of 2008-09 recession, when greed in the real estate market and deregulations in the financial market led the downfall and the whole economy in the USA, badly suffered. The story says the same.
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