The Impact of the iPhone5 on the US Economy

J.P. Morgan’s chief economist, Michael Feroli, estimated sales of the iPhone5 could boost annualized GDP growth in calendar Q4 by 0.25 to 0.5 percentage points.  You can read more here.

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Deflationary price pressures have definitely been evident in the sensor

Senate Majority Leader Harry Reid and fellow Senators Chuck Schumer,

There are (at least) two major short-comings to today’s forecasting