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+--- Thread: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve (/showthread.php?tid=141527)
Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - space-time - 09-15-2012
http://www.forbes.com/sites/timworstall/2012/09/15/apples-iphone-5-is-worth-more-than-the-efforts-of-the-federal-reserve
forbes wrote:
This is an interesting point that's being made: that Apple's iPhone 5 will have a greater effect on the US economy than the Federal Reserve's recent announcement of QE3. It's interesting for two reasons which I'll go into in a moment:
In the face of "a suboptimal recovery" the Fed said it would persist until the outlook for the job market improves "substantially", but a sceptical Mr Warsh said: "The iPhone 5 is going to do more for the real economy than QE3".
Now don't forget what it is that the Fed has just announced it's willing to do: purchase up to $40 billion a month's worth of mortgage bonds and securities. That's up around half a trillion dollars a year.
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - freeradical - 09-15-2012
The Fed has essentially run out of tools.
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - space-time - 09-15-2012
freeradical wrote:
The Fed has essentially run out of tools.
they could give iPhones to every home owner! that should boost the economy
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - RE:up - 09-15-2012
Yes, but there’s no opportunity for graft.
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - Speedy - 09-15-2012
freeradical wrote:
The Fed has essentially run out of tools.
The Fed will never run out of tools.
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - freeradical - 09-15-2012
Speedy wrote:
[quote=freeradical]
The Fed has essentially run out of tools.
The Fed will never run out of tools.
That's what the Austrians say...
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - Grumpyguy - 09-15-2012
Speedy wrote:
[quote=freeradical]
The Fed has essentially run out of tools.
The Fed will never run out of tools.
Now that was funny. Thanks for the laugh!
Re: Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve - MGS_forgot_password - 09-15-2012
But the Federal Reserve is more efficient - Apple needs R&D, raw materials, labor, marketing, and so on to make it's billions.
All the Fed needs is a few thousand pounds of paper.