[lbo-talk] financial exchanges proportion ?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Feb 10 09:39:37 PST 2009



>> Where did I read that financial exchanges volumes were
>> 10 times (or something similar) more important than
>> goods/services exchanges ?
>
> [...] 2007 average daily turnover in the global foreign
> exchange market at $3.2 trillion, which on an annual basis
> would I guess be something on the order of 50 times global GDP.

So ... "more" == "more important" ...?

/jordan



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