ELI5: "I will gladly pay you Tuesday for a Hamburger today" -J. Wellington Wimply
So then Popeye sets his price of a Hamburger, on Tuesday, to $1,000.
ELI7: Except it isn't just one hamburger, it is every hamburger Popeye would make in a day plus what he makes for a picnic with Olive Oil.
ELI9: And Wimply took out a loan thinking that the price of hamburgers was about to go down.
ELI13: There is a price where Wimply could still buy all of the hamburgers without going bankrupt but we are beyond that and now no one knows whether he will still attempt to pay for every hamburger, how many hamburgers will be purchased, and whether the bank he borrowed from will need to close.
ELI5:
"I will gladly pay you Tuesday for a Hamburger today" -J. Wellington Wimply
So then Popeye sets his price of a Hamburger, on Tuesday, to $1,000.
ELI7:
Except it isn't just one hamburger, it is every hamburger Popeye would make in a day plus what he makes for a picnic with Olive Oil.
ELI9:
And Wimply took out a loan thinking that the price of hamburgers was about to go down.
ELI13:
There is a price where Wimply could still buy all of the hamburgers without going bankrupt but we are beyond that and now no one knows whether he will still attempt to pay for every hamburger, how many hamburgers will be purchased, and whether the bank he borrowed from will need to close.
(post is archived)