No posts yesterday. I was too busy driving my self made trading index futures. No trading today. A couple of thoughts for today.

1. The dollar is falling in response to slow gdp growth. The stock markets around the world keep acting as if the number is a lie. Its seems just a matter of time before people start heading to the exits again.

2. I'm coming back to the same points as yesterday. How does a failing war in Iraq affect the global macro environment? If the war makes US look weak couldnt that undermine peoples faith in our bonds and the dollar?

3. If our superpower status begins to look questionable does that mean a risk reduction trade could take place? However, a trade out of dollars and into something else? Metals, oil, other curruncies?

4. How long are the macro imbalances going to build? Is the current account deficit and the trade deficit double every year? What is china going to with its dollars? California is nice. Maybe they are going to buy it!