Based on Google searches, it appears many fear the US is heading toward financially rocky times.
The Washington Post reports that “data from Google shows that searches for ‘recession’ are at their highest level since November 2009, just a few months after the end of the Great Recession.”
January of 2008 marked the heaviest search activity for the word, and by November of the following year, volume had dropped by roughly two-thirds.
While the renewed popularity of “recession” is concerning, the Post does provide some reassuring context.
It notes: “At the moment, the search volume for ‘recession’ is only about one quarter the volume of searches for Kim Kardashian.”
The Post’s report comes on the same day that major stock indexes experienced “the worst day of Christmas Eve trading ever.”
“The Dow Jones Industrial Average dropped 653 points, falling below 22,000, on Monday and the S&P 500 entered a bear market after tanking more than 20 percent from a previous high,” the outlet added.
Meanwhile, President Trump has suggested that the Federal Reserve is the “only problem” for the economy.
“The only problem our economy has is the Fed,” he tweeted Monday. “They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over
Borders. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”