Is the iPhone 5 Better Stimulus than Bernanke?

According to JPMorgan analysts, the Apple iPhone 5 could contribute up to half a percentage point of U.S. economic growth in 2012's fourth quarter.

The claim caused FoxBusiness' Stuart Varney to ask Money Morning Chief Investment Strategist Keith Fitz-Gerald if a cellphone really carries that much power.

Keith takes the question a step further: Is this possible because the U.S. economy is so bad that a consumer product could make a difference, or is this an example of how dependent we are on technology?

Meanwhile, the U.S. Federal Reserve could announce another growth-stimulating program this week when it meets tomorrow and Thursday.

Watch this video to hear Keith's explanation of how the Apple iPhone 5 could trigger economic growth that rivals – or exceeds – stimulus moves from Team Bernanke.

Loading the player …

Join the conversation. Click here to jump to comments…

Leave a Reply

Your email address will not be published. Required fields are marked *

eight − 2 =

Some HTML is OK

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: