Its been fun ET, but I think I am going to go and lurk now. Or start over with a new screenname (everyone else does it, so why shouldn't I?) It has certainly been an education, and overall profitable,in both real and intellectual terms. My thanks to the moderators who keep the stupidity level lower than on the yahoo message boards although we all know that this is hardly a boast. I started off here as a FX guy, got sucked into the bear case, briefly became a hyperinflationist (thanks though for the gold trade on that!) and then a deflationist, and then a hyperinflationist again, and then just confused on the whole issue. Now, I have my own view but time will tell if I am right, and so will my portfolio. So far, it certainly hasn't lost me any revenue. I believe in global macro, but know that the Soros-like trades are probably a thing of the past as exchange of securities and information are much more efficient. I too worry about the hyperleverage and credit market excesses in this world, and did very nicely on the subprime lenders collapse as a result, but am coming to understand the relativism of the overall market's movement as I never have before. It is almost doublespeak to think that a positive can be an actual negative, but its very difficult to think in terms like that and I think it is how most of us are mislead. It is a natural error in human thought, so I don't beat myself up too much about it. To the conspiracy theorists here: get over it. Its not a conspiracy in the sense that you think of. It is how the world is run, and part of 'the great game.' Interests oppose other interests, and some people direct those interests and others don't. There are many organizations out there alternatively opposing each other, intermittently allying and breaking off, and all competing for relative advantage. Are we pawns in such a scenario? Perhaps, but what does it matter? I would imagine that those at the top of such interests, are almost certainly, slaves to those interests as well; if not to an individual then to a concept or tenet of their organization or interest. The only true freedom is Anarchy, and I don't expect that I or my family would survive long in such a setting. I'll take a pass, thanks. Its called global geopolitics people. Do some reading and take a longer view.