The second exam was Macroeconomics.

- I am sorry to say that according to the exam, it looks like the dollar will further devaluate. Made some stupid mistakes in investment question across currencies, but that's life. Sunk cost as they say.
- China and US current account was a very interesting question, although a fairly tough one. Not sure how well I did on this one.
- Growth and Exports in Poland...Mmmm...Interesting and tough..Loads of blah blabbing but not sure how much of it was on target
- Monetary and Fiscal Policy in the UK and EMU. There was actually an article about this in the course pack, so I think that I did ok, although the question was turned in a treacherous way, to make sure that whoever actually studied for the exam couldn't really benefit from it.
- Then some tortuous question asking us to analyze the statement "Japan: Making Wealth out of Thin Air"...And no, this was not about their environmental policy. Perhaps some banking sector crisis looming up on the horizon?
- Finally, the awful yield curve in Hungary which might change shape as investors learn about decisions to enter the EU and the Euro zone with different time prospects...

MMMMmmmmm....all this bloody interesting and bloody tricky.