One poster on another thread basically stated that it was "madness" to study all things economic, i.e. it's gambling pure and simple to go with macro strategies. In fact, he/she stated that macro stuff should be "just fun", i.e. don't use it with your money. Do you agree? Disagree? I'll start by saying that I disagree. And here's why: a lot of people on this board have saved some significant dollars over the years and have it invested. Not all of them, including myself, want to put their entire life savings on the line with trading and therefore trade with a portion only. And if you're investing, you have to make some macro decisions. It's inevitable. You may not think of it that way, but it is the truth. For example, someone who invests 100% in US Stocks is making a macro decision - actually a host of macro decisions that I'll briefly discuss below. While I agree that picking one large market direction is dang near impossible, that is somewhat of a moot point for most investors I would guess since investment is often not done any more on merely one sector, i.e. the success of the Harvard and Yale endowments. They have generated incredible returns year after year through a variety of markets by diversifying across a variety of assets including essentially private equity, commodities, equities, fixed income and I think real estate if I remember right. And now, with the US economy in a mess, the rest of the world growing much faster and the dollar in a long term downtrend, any US investor has to decide how he feels about this new financial world. We are now in a new paradigm and any investor has to decide if he wants to ignore the new stats or change/tweak/overhaul his strategy. And so, while I think macro stuff if fun, it really does matter. Btw, macro stuff should imo affect your trading. Long strategies genally benefit, for example, in an environment with a tail wind. So are you going to just ignore the tail winds and thus generate less return than you could have? So, all you armchair economists and mega macro men, would you/do you put your money where your mouth is?