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:
“As to the permanent interest of individuals in the aggregated interests of the community, and in the proverbial maxim, that honesty is the best policy, present temptation is often found to be an overmatch for those considerations.”
—James Madison (1751–1836)
“In modern America, anyone who attempts to write satirically about the events of the day finds it difficult to concoct a situation so bizarre that it may not actually come to pass while his article is still on the presses.”
—Calvin Trillin (b. 1940)