There is doom and gloom everywhere.

Let me be candid, we are living scary times.  I’m not refusing that.  However, we ARE NOT facing anything like The Great Depression.  I wish you’d get out of that line and realize that we’re in a different time.

Don’t believe me?  Here are the facts.

Unemployment is currently 6.1% (source: US Department of Labor).  I know, not sexy. Still….

During The Great Depression, unemployment peaked at 25%.  Wow!  Even towards the end of the 1930’s unemployment was about 15%.

Now, wouldn’t you agree that we have quite some way to go before things get to that point?

If you want my opinion (not like you have much of a choice, huh?).. I think things will get worse before they get better.  In some sectors of the economy, much worse.  However, this is not a Great Depression.

More interesting statistics to follow in the future… But seriously - Stop saying it’s The Great Depression.  It’s not.

Original Photo Kudos