I like to use Google Trends to see what people are looking up on the internet as a way of getting a sense of what average people are thinking about. I found that searches for the phrase “economic depression” peaked in late March. Then, in the ensuing weeks, we saw peaks in “better than expected” in the category of business and industry. Then we saw in early May a strong uptick in searches for “economic recovery,” and then a surge in business-related searches using the phrase “largest improvement.”
This basically tracks with the headlines. We saw scary headlines about the destruction of the economy, but then headlines showing that the U.S. economy is more resilient than given credit for. And then recovery headlines—with stats that showed some of the best improvements in decades.
Bottom line: We’re not doomed.
We can handle this.
We are handling it.Read More »