Summers: Economy Is 'Back From The Abyss'. Cites Google?

[Adam Anderson]

http://www.forbes.com/2009/07/17/larry-summers-obama-business-beltway-summers.html

What are the indicators that the economy has turned around?

1-Traders are only betting there is a 1 in 100 chance of the Dow would fall below 500 down from 1 in 6 earlier this year.
2.The chance that corporate bonds will default has fallen by a third.
3.Google searches for “economic depression†has returned to normal levels.

Really? Google? Really? You are looking for signs that economy is improving and you are citing google?

How about basing the state of the economy on something a little more concrete. How about unemployment, GDP, or another leading economic indicator?

Google? Really?

What if we all google "economic depression" would that mean the economy isin't doing well?