Thursday, February 03, 2005

World Trade - Currencies/Goods & Services

Trade in goods and services: $8 trillion
Trade in currencies: $288 trillion

We tend to think of trade as products and goods moving across borders. In fact, the biggest trade of all can't be seen!!!

It is money!! , the continuous, 24-hour worldwide flows of stocks, bonds, and currencies.
In the 1990s, practically anyone with savings in a pension or mutual fund became an investor in the global market.

- DANIEL YERGIN, Author, Commanding Heights"