Mar 23

Are we Getting Close to a Depression?

Tag: current affairs — Paragon Wealth Management- Shannon @ 10:09 am

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.

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