Daisy Bubble: A Price Crash on Galapagos
By Sheila Bair and Amy Zhing
()
About this ebook
Animals hoping to make an easy profit on a price bubble find out what happens when supply catches up to demand.
After Arlene the giant tortoise walks down the aisle wearing a crown of daisies, everyone wants some of the beautiful blooms for themselves. Florists sell out quickly, but Sly Seal has a daisy stash that allows him to drive up the price. Soon his customers start buying flowers from each other at even higher markups, hoping to sell them later for a profit. By the time word spreads that more daisies are on the way, this bubble is ready to burst.
Sheila Bair
Sheila Bair is the former Chairman of the FDIC (Federal Deposit Insurance Corporation). She has been covered—and lauded—everywhere from The New Yorker to The Washington Post to The Wall Street Journal, and in 2008 and 2009 Forbes named her the second-most powerful woman in the world. Prior to assuming her post at the FDIC, Bair served as assistant secretary for financial institutions at the US Department of the Treasury and as senior vice president for government relations of the New York Stock Exchange.
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