Present Situation
In 1997, $1,300 million were exchanged every day on Foreign exchange market, about $475 billions per year.
The world financial transactions have jumped from $1,100,000 billions dollars in 2002 to $2,200,000 billions dollars in 2008 : 95% of this global amount is only used for speculation.
Read more about this topic: Financial Transaction
Famous quotes containing the words present and/or situation:
“In Haydn’s oratorios, the notes present to the imagination not only motions, as, of the snake, the stag, and the elephant, but colors also; as the green grass.”
—Ralph Waldo Emerson (1803–1882)
“The final test of a leader is that he leaves behind him in other men the conviction and the will to carry on.... The genius of a good leader is to leave behind him a situation which common sense, without the grace of genius, can deal with successfully.”
—Walter Lippmann (1889–1974)