Donkey prices are going through the roof. A good mate on the trading desk at Deutsche Bank I worked with sent me a hilarious news snippet (in a nervous laughter kind of way).
For those who are wondering if there is inflation: the Turkish newspaper Zaman reported the price of donkeys in Yozgat district in central Turkey has increased 7 fold as local people give up the use of tractors over high fuel prices. Because of increased demand, the price of one donkey grew from EUR 26 to about EUR 180.
Equally funny is Pete our CEO was telling me about a guy who buys Ass’s and sells them as Donkeys. They are the same beast. So the Ass fraternity needs to work on their personal brand a little.
It’s good to see some financial respect for the noble steeds.
Marc, dude the market is much more sophisticated
the story I heard was asses are the cheapest, donkeys are next most valuable but sell ‘em as PACK HORSES and the price goes even higher. Love that marketing spin. Cheers, Pete.