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 situation, present and/or situation:
“No people can more exactly interpret the inmost meaning of the present situation in Ireland than the American Negro. The scheme is simple. You knock a man down and then have him arrested for assault. You kill a man and then hang the corpse.”
—W.E.B. (William Edward Burghardt)
“Time present and time past
Are both perhaps present in time future,
And time future contained in time past.
If all time is eternally present
All time is unredeemable.”
—T.S. (Thomas Stearns)
“When the situation is, what we would wish, nothing is so ill- timed as to hint at the circumstances which make it so: you thank Fortune ... you had reason—the heart knew it, and was satisfied; and who but an English philosopher would have sent notices of it to the brain to reverse the judgment?”
—Laurence Sterne (1713–1768)