The Inertia of the Economy

Housing values may dip slightly, but they hold up and equity holds up. Even though your GDP is down, spending on those goods doesn't drop near in proportion to GDP at all. 75% of private product can't be retrated. The economy has a certain inertia so that if houses are falling in value and the stock market is falling in value, that source of instability is not totally dominating in the economy. And that helps to save us.