Wait, we are you in a Silent Depression?

you sure about that.... Wait, we are you in a Silent Depression?   Wait, we are you in a Silent Depression? Dear Contrarian, Recently, there's been chatter about the U.S being caught up in a so-called "silent depression." An intriguing proposition, certainly, but let’s dive a little deeper before drawing conclusions. Imagine asking those who experienced the Great Depression if they recognized they were in such a dire state. Chances are, bread lines, a notorious stock market crash, and staggering 40% unemployment made it quite clear. Now, there's a meme that’s doing the rounds. Take a look: [Silent Depression Meme] This meme, rather creatively, pulls metrics from 1930 and compares them to today. Some are quick to point fingers – at recent administrations or even at capitalism as a whole. But, for clarity's sake, let's sift through the differences: Depression Era Stats for Perspective: - The pinnacle of the Great Depression was between 1932-1933, not 1930. - Unemployment during those trying times? 25%. Presently? It's under 4%. - In 1930, 18% of folks owned cars. Now? Over 91% do. - Ah, and those cars of yesteryears? They lacked A/C, had a thirst for fuel, and demanded very frequent maintenance. Now, housing: - In 1930, 47% of Americans owned their home. Today? It’s 65%. - Speaking of homes, the ones from 1930 typically ranged from 800-1200 square feet. Today's average stands at 2500 square feet. Interestingly, the trying times of the Great Depression birthed the Federal Housing Administration (FHA) in 1934. This was an initiative to ease the financial strain, extending mortgages from a mere 5-10 years to a comfortable 20-30. While it's tempting to draw parallels between eras, our current economic scenario is distinct. Blaming our current challenges solely on capitalism might be a tad oversimplified. I highly recommend checking out our [Latest Angel Research Podcast Episode featuring Christian DeHaemer]( where we dive into these topics and more. Continue to get to the good grass first, [Brian Hicks Signature]     If you no longer wish to receive updates from The Back office you [may opt out here.]( The Back Office, Copyright © 2023, Angel Publishing, LLC., 3 E. Read Street, Baltimore, MD 21202. For customer service, please call [877-303-4529](tel:/8773034529). All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Angel Publishing and The Back Office does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law. Â