In the run up to the Fed meeting this week, the chatter on investing websites and finance blogs is increasingly talking about recession in the US. This is linked to the subprime crisis, and going by Google Trends, talk of a recession has been gradually growing, at least with regard to searches.
Red is subprime and blue is recession. The biggest recent rise of recession talk was linked to the Fed cutting the rate 0.5%, rather than the expected 0.25%. And people in Washington DC, rather than those in New York seem more worried about recession, maybe because the DC property market has been hit hard.
Interesting statistics, at least. Let’s see what way the chatter goes this week.
Update: The Big Picture has further thoughts on recession sentiment.