Business: Dealers in Illogic

Dollar up or down, money traders profit

Strolling from his art-filled office through a bulletproof door to a balcony overlooking an immense trading room, Cairo-born André Levy pauses to deny a bit of gossip circulating among his fellow money dealers in Lausanne, Switzerland. He insists that it is just not true that his firm — somewhat whimsically named Tradition S. A. — exchanges half a billion dollars for stronger currencies each day. The actual figure, he states with aplomb, is "more than a billion dollars."

That correction is indicative of the frenzy with which corporations, banks and other holders of dollars are...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!