Apple's iPhone 5 Is Worth More Than The Efforts Of The Federal Reserve

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http://www.forbes.com/sites/timworstall/...al-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.

[freeradical]

The Fed has essentially run out of tools.

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freeradical wrote:
The Fed has essentially run out of tools.

they could give iPhones to every home owner! that should boost the economy

[RE:up]

Yes, but there’s no opportunity for graft.

[Speedy]

freeradical wrote:
The Fed has essentially run out of tools.

The Fed will never run out of tools.

[freeradical]

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...

[Grumpyguy]

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!

[MGS_forgot_password]

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.