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:
“There is always a present and extant life, be it better or worse, which all combine to uphold.”
—Henry David Thoreau (1817–1862)
“[T]here is no situation so deplorable ... as that of a gentlewoman in real poverty.... Birth, family, and education become misfortunes when we cannot attain some means of supporting ourselves in the station they throw us into. Our friends and former acquaintances look on it as a disgrace to own us.... If we were to attempt getting our living by any trade, people in that station would think we were endeavoring to take their bread out of their mouths.”
—Sarah Fielding (1710–1768)