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.