For the past several months, the media seems to think we are getting close to a depression. The question is, are we really?

The answer is no, we aren’t even close to a depression. Look at the facts below.

                                                   Today     vs.   Great Depression

Unemployment                      8.1%                          25%                   

Industrial Production              -9%                         -54%

Bank Defaults                            42                          9000 

GDP                                       -6.25%                       -45%

What do you think? Feel free to leave comments.

Photo by iStock

Paragon Wealth Management is hosting a webinar tonight called, “What is Happening with our Stock Market and Economy?”

Below are the instructions to join the webinar this evening, March 3 from 6:15-7:00 MST. When you call the number, you will be prompted to enter an access code, which is below. Join the web part of our meeting tonight by clicking on the link below.

Step 1:

https://www2.gotomeeting.com/join/466802838

Step 2:

Dial 213-286-1200

Access Code:  466-802-838

Audio Pin:  Shown after joining the meeting

Meeting ID:  466-802-838

The webinar will be muted during the presentation. You will be able to make comments and ask questions at the end.

Call us at 800-748-4451 if you have questions or need assistance.