Economic weather report: Japan's GDP collapses at a 15.2% rate in March quarter

[bellpawt]

Everything seems to fall apart .

Like oranges in a string bag

And matters of the heart .

Calamities evaporate and memories depart .

People laugh at anything.

And things just fall aaprt

[linuxluver]

Interesting to see the huge drops in China despite factories from the West still moving there in large numbers. The Irwin Tools factory in Wellsford is being shut down as those jobs go to China. (The US Irwin Tools factory shut down last September for the same reason). The company blamed the recession, but the reality was Irwin's parent Newell-Rubbermaid had a 5 year program already running to move 80% of the groups production to China.