Larry Summers Highly Technical Analysis Of The Economy

As Greg Mankiw wryly notes, the White House and it’s resident economic genius — Larry Summers — have tons of data with which to gauge the course of the economy. Here from Mankiw is how they go about their business, or at least explain it to simpletons like us.

Of all the statistics pouring into the White House every day, top economic adviser Larry Summers highlighted one Friday to make his case that the economic free-fall has ended. The number of people searching for the term “economic depression” on Google is down to normal levels, Summers said.

Above are the data from Google Trends that Larry was probably looking at.
Makes you feel god doesn’t it, that they have this sort of in-depth analysis and presume that you and I buy their logic.

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