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:
“Absent in body, but present in spirit.”
—Bible: New Testament St. Paul, in 1 Corinthians, 5:3.
“The ex-Presidential situation has its advantages, but with them are certain drawbacks. The correspondence is large. The meritorious demands on one are large. More independent out than in place, but still something of the bondage of the place that was willingly left. On the whole, however, I find many reasons to be content.”
—Rutherford Birchard Hayes (1822–1893)