Monday, September 10, 2012

"iPhone 5" Sales Could Offer Big Boost to GDP


According to the Wall Street Journal, sales of the new iPhone could add between a quarter and half a percentage point to annualized economic growth in the fourth quarter to GDP.  So, there you have it.  To spur economic growth, all you have to do is go out and buy that new iPhone for $600, or should I say borrow the funds.  In so doing, you will be doing your patriotic duty by making sure the economy does not sink into another recession.  Think of it this way, the economy is going to be bailed out by Apple and you, not the Fed, nor Congress, nor the White House. 

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