Re: trillions a day?

2002-05-14 Thread Richard Fiero
[EMAIL PROTECTED] wrote: On 13 May 2002 at 18:27, R. A. Hettinga wrote: Right, though I'm sure you're wishing it wasn't. Again, crime, illegal markets if you will are piddly bits of pocket fluff in the global economy. $4 trillion worth of foreign exchange alone happened today. How could

Re: trillions a day?

2002-05-14 Thread Tim May
On Tuesday, May 14, 2002, at 08:10 AM, [EMAIL PROTECTED] wrote: On 13 May 2002 at 18:27, R. A. Hettinga wrote: Right, though I'm sure you're wishing it wasn't. Again, crime, illegal markets if you will are piddly bits of pocket fluff in the global economy. $4 trillion worth of foreign

Re: trillions a day?

2002-05-14 Thread Ken Brown
[EMAIL PROTECTED] wrote: How could this possibly be true? :ast I checked, GDP for the US was about 10 trillion bucks a year, the combined GDP of every nation on earth per year can't be more than 100 trillion, most of which doesn't involve anything crosiing a border, so how can there

Re: trillions a day?

2002-05-14 Thread Ben Laurie
, if the world worked that way stock price graphs would look like smooth slowly varying curves instead of spikey hairy monsters. But still, trillions a day? it just seems incredible to me that there should be that many transactions. Think arbitrage. Allegedly only 2% of foreign exchange