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:
“Oh! what a poor thing is human life in its best enjoyments!—subjected to imaginary evils when it has no real ones to disturb it! and that can be made as effectually unhappy by its apprehensions of remote contingencies as if it was struggling with the pains of a present distress!”
—Samuel Richardson (1689–1761)
“Men and women are brothers and sisters; they are not of different species; and what need be obtained to know both, but to allow for different modes of education, for situation and constitution, or perhaps I should rather say, for habits, whether good or bad.”
—Samuel Richardson (1689–1761)