You know what is amazing? We just had hurricane Ike wipe out half a city (Galveston), paralyze the 4th-largest city in the US (Houston)... and though this would normally dominate news coverage for days to come, it is already totally eclipsed by events of an even more horrendous and shocking character: the (ongoing?) collapse and taxpayer-funded bailout of sundry financial behemoths. Nobody knows whether the economy will stabilize or get only worse in a hurry—except John "The Fundamentals of Our Economy Are Strong" McCain of course.
Scale is based on the average worldwide traffic of "fannie mae" in all years
aig 3.50
"fannie mae" 1.00
"lehman brothers" 0.80
"bear stearns" 0.60
"freddie mac" 0.40
This 4-year Google Trends graph shows clearly how important today's government take-over of AIG was: it stood head and shoulders above the other bailed-out corporations. Let's look at the 12-month graph:
Scale is based on the average worldwide traffic of "fannie mae" in the last 12 months
aig 3.70
"fannie mae" 1.00
"lehman brothers" 0.90
"bear stearns" 0.90
"freddie mac" 0.60
A similar picture emerged here with the exception of the first bail-out (Bear Stearns) peaking in March on bad news. By the time the bad news about Fannie Mae and Freddie Mac hit in July, its shock value was already less. Finally, here is the 30-day Google-popularity trend graph:
Scale is based on the average worldwide traffic of "fannie mae" in the last 30 days
aig 2.20
"fannie mae" 1.00
"lehman brothers" 1.80
"bear stearns" 0.20
"freddie mac" 0.60
The latest once-thought-impossible debacles are just now starting to really grab everyone's attention...
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