Less than 10% of our economy is related to the production of basic goods and services. [View All]

[dixiegrrrrl]

That is horrifying....

"70% of the US economy is consumer spending, with at least 20% of it directly tied to commercial retail real estate. Less than 10% of our economy is related to the production of basic goods and services. This style of economy cannot handle a pull back in consumer spending. "

'Course now, that 70% is being curtailed, including the 20% tied to now failing commercial real estate.

So we are not buying much, jobs are very hard to find, esp. well paid jobs, and we are producing what?