Professor Mark J. Perry's Blog for Economics and Finance
The chart above (click to enlarge) is from a Google trends search for the word "recession" - search volume is above, and news reference volume is below. 
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
2 Comments:
very interesting.
why can't we use google search volumes or "hit counts" on certain sites to gage optimism or despair re the market? does google make any information like that available, and is it real time? what other firms would have these stats?
"hits" on amazon might be an early indication of confidence, even before the purchase is made and so on.
Even more interesting is a Google trends search of recession and pizza.
It would appear that as the economy worsens the number of searches for pizza goes up!
http://www.google.com/trends?q=recession%2C+pizza&ctab=0&geo=US&geor=all&date=all&sort=0
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