APPLE I-PHONE LEADING THE CONSUMER SPENDING SURGE

Right in the middle of a recession is the time to have a consumer spending surge. This is not the time for gloom and doom. AT&T just reported lower than expected earnings because it sold a surprising number of subsidized Apple I-Phones.


The consumer spending surge, where thousands of dollars of food, fuel, money and other commodity savings are transferred into consumer goods, has started. Keep in mind that those paying $2.87 today for gasoline will pay $2.20 in a few weeks. The stimulus of lower prices will be in the range of 500 Billion to 1 Trillion Dollars, far more than the $100 Billion of government refund checks sent a few months ago.