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)
“The geometry of landscape and situation seems to create its own systems of time, the sense of a dynamic element which is cinematising the events of the canvas, translating a posture or ceremony into dynamic terms. The greatest movie of the 20th century is the Mona Lisa, just as the greatest novel is Gray’s Anatomy.”
—J.G. (James Graham)