Both the G-7 and the IMF met this weekend, with apparently some significant results. 1. G7 to allow Japan to continue to tighten http://www.boston.com/news/world/as...s_free_hand_on_policy_as_boj_aims_to_tighten/ 2. After what was probably an unproductive meeting between Bush and Hu, the big guns are being called in to force China to revalue and ease the trade deficit lest it upset the reserve currency status of the dollar (& its alternative, the Euro) http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nN21270692 3. Further adding to the pressure on China to revalue, the IMF is being called in as the new G7! http://business.timesonline.co.uk/article/0,,16849-2149187,00.html http://news.ft.com/cms/s/28488ca2-d301-11da-828e-0000779e2340.html 4. And check THIS out!!! http://www.ndtvprofit.com/homepage/news.asp?id=246001 5. Note the above which allows the IMF to monitor and potentially enforce trade disagreements. Considering the disaster of the doha round of trade talks currently set to go useless as of 2006 when the president's authority to unilaterally negotiate expires, this is probably looked upon as a means to end the doha round and gain some useful results. 6. Note that pressure can only be applied by the IMF in such cases where there are outstanding loans owned by the IMF or world bank. What is the BRIC's exposure to the IMF/World Bank? So... you have until September to set up your trades. If you buy what these reports are saying, how do you plan your macro strategy? Aside from long China equities (a no-brainer), what else?