[Boanarges]

“That might be a manageable burden when home prices are rising at double-digit rates, creating new equity that can be accessed to support spending — but not when prices are flat and the home-equity ATM is closed......”

Can someone clue me in.....You always hear talking heads and financial gurus claiming how Consumer spending makes up two-thirds the economy. I want to know what it is exactly that makes up the other third. No one ever says.....Is it government spending? I really don’t know and would like someone in the know to explain the other third.

Thanks-

[groanup]

GDP:

http://useconomy.about.com/od/grossdomesticproduct/f/GDP_Components.htm

Everybody goes ape over housing when it is only 10% of GDP.