Financial Transaction - Present Situation

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:

    A book is not an autonomous entity: it is a relation, an axis of innumerable relations. One literature differs from another, be it earlier or later, not because of the texts but because of the way they are read: if I could read any page from the present time—this one, for instance—as it will be read in the year 2000, I would know what the literature of the year 2000 would be like.
    Jorge Luis Borges (1899–1986)

    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)