Excerpt from CNBC’s latest article quoting DataTrek’s Nick Colas:
…. “If what Americans look for on Google is any indication, we’re nowhere near a recession.
DataTrek Research examined domestic internet searches for words like “coupon” and “unemployment,” which were leading indicators of the Great Recession, and found that search volumes are down significantly. They also looked at “TV” and other media sources like YouTube and Netflix, since workers who have their hours cut back often have more time to consume media.
“If the Federal Reserve looked at Google Trends they might not be so inclined to cut rates next week,” said Nicholas Colas, co-founder of DataTrek Research“….
Read the full article here on CNBC!