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:
““I don’t suppose there’s a man going, as possesses the fondness for youth that I do. There’s youth to the amount of eight hundred pound a-year, at Dotheboys Hall at this present time. I’d take sixteen hundred pound worth, if I could get ‘em, and be as fond of every individual twenty pound among ‘em as nothing should equal it!””
—Charles Dickens (1812–1870)
“You can’t stay married in a situation where you are afraid to go to sleep in case your wife might cut your throat.”
—Mike Tyson (b. 1966)