Professor Mark J. Perry's Blog for Economics and Finance
"Great Depression," click to enlarge
MP: Google Trends shows a decline in News Reference volume for all three of the terms "Great Depression," "credit crisis," and "layoffs." Does this suggest that the worst is behind us, and we can expect a pending economic recovery?
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.
8 Comments:
Another interesting one:
Correlation of Porn and Jobs
As searching for jobs increases, searching for porn decreases. The correlation is so remarkable I couldn't call it a coincidence.
I would think the Great Depression search change would be as a result of the school year starting in August/Sept and the first round of real projects being undertaken in late Sept/Oct so students are doing research.
If you expand the parameters of that graph, you see Great Depression is plateaued on an annual basis, coinciding with the school year. There is a major uptick in Oct, but only a temporary one; after mid-Oct it is sustained at typical mid-year levels.
Mark asks: "Does this suggest that the worst is behind us, and we can expect a pending economic recovery?"
Nope. This is just news agency fatigue. They tire of reporting the same news, no matter how pertinent or important. Even if they do report on the same thing or a while, they change the terminology they use to "keep it fresh".
Lots more layoffs coming. Count on it.
Mark J. Perry asked: "Does this suggest that the worst is behind us...?"
No. It only suggests that an election is behind us.
Yes, we've bottomed. I expect 0.5% annual growth in the 2nd quarter.
Come on Doc, your question is somewhat empty in that how could we know? Congress playing microphone/photo-op time, Limbaugh prodding the neo-cons, and pseudo-historians discrediting the Keynesian Theory of the 1930s, we don't know where the budget is going.
Isn't this almost like Christianity? We've gotta believe in faith; in something.
Isn't this almost like Christianity? We've gotta believe in faith; in something.
No, that would be the Obama administration. Hope. Every congressman I've heard interviewed and pressed by the interviewer as to whether or not the fiscal stimulus will work, has said he doesn't know for sure - but he hopes it does.
Just hope, hope, hope, hope, hope, and more hope. I wonder if I can pay for groceries with hope? I know, I'll pay my taxes with hope - let's see what the administration thinks of that.
Obama has faith in hope. Now, if you don't happen to share their faith, they're gonna make you an offer you can't refuse.
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