While pundits fret over mental recessions and fake credit crunch, google continues to defy the doom and gloomers: http://seekingalpha.com/article/112368-paid-click-growth-will-benefit-google this is more proof this is a very shallow recession because so many sectors are unaffected. This could be the worst recession since 1991, but no more. Facebook and other web 2.0 sites still seeing record traffic & revenue. No recession there. Consumer spending only down a little.