Monday, October 31, 2005

Money makes

"There are nearly $2,000bn of foreign exchange transactions every day, double the level of just five years ago. The daily value of financial derivatives transactions has risen from nearly zero in 1990 to well over $1,000bn. Foreign investors control 40-50 per cent of the capitalisation of most European equity markets and the US borrows more than $2bn a day from abroad".
Jeffrey Garten: Crisis-management skills will be needed at the Fed.

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