Japan's Exports Down 36% In July

I guess someone forgot to tell Asia's dominant economic powerhouse and the world's second largest economy that the "recession" is over.

Remember, one of our major themes on this blog is increasing volatility. And how does that dynamic apply to this post? That means economic forecasting using failed economic models is out the window. That the economy is not going to respond to stimulus as it has in the past. That the future of the finance industry cannot be extrapolated based on faulty financial models. That the world is now permanently different than anything ever experienced by anyone on Wall Street or in Washington. Welcome to the heretofore world of the surreal. The new normal.

I still like the yen. And, of course, the dollar.