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:
“The new man is born too old to tolerate the new world. The present conditions of life have not yet erased the traces of the past. We run too fast, but we still do not move enough.... He looks but he does not contemplate, he sees but he does not think. He runs away from time, which is made of thought, and yet all he can feel is his own time, the present.”
—Eugenio Montale (1896–1981)
“Our chaotic economic situation has convinced so many of our young people that there is no room for them. They become uncertain and restless and morbid; they grab at false promises, embrace false gods and judge things by treacherous values. Their insecurity makes them believe that tomorrow doesn’t matter and the ineffectualness of their lives makes them deny the ideals which we of an older generation acknowledged.”
—Hortense Odlum (1892–?)