Google Trends Recession

Even though the stock market has been less than wonderful over the last few months, the good news is that (as evidenced by google trends) recession chatter isn't as ubiquitous as it has been in previous years.  The last time that we entered a recession in 2007 google search volume for "recession" exploded even as we were only debating the subject at the time.  So far in 2012, we haven't seen anything nearly as severe.  In the summer pullbacks of 2010 and 2011 there were small spikes in recession searches, but we haven't reached those levels in 2012 and the trend in recession searches has generally been falling.