iPhone to account for half of US economy by 2030 - projection Strange, terrible, yet curiously inevitable news today - the day before iPhone 5 day. Analysis based on figures from hefty Wall Street brains appears to show that the Jesus Phone is set to account for a large chunk - perhaps the majority - of US economic activity within a matter of decades. The Register's elite economic …
The story highlights the fact that no-one has a monopoly on the truth.
If Economists could forecast with ANY reliability, the word 'recession' would feature in our language. Yet, here we are, in the worst economic downturn since records began. Economists never saw it coming and years later they still can't get us out of it.
Sadly, people still give credence to these people and their 'predictions'.
Wasn't there a study done regarding economists predictions that basically showed the economics should be treated like history? It's useful for examining the past and drawing conclusions but offers very little for predicting the future.
Sadly, fortune tellers are treated as crazy people and economists advise governments. I think that the current government would have a better understanding of future economic direction if the entrails of animals were consulted more frequently....
History tells that some power-crazed little man *will* run riot across Europe and get his armies killed in the Russian winter while trying to take Moscow. It just doesn't tell us when.
Likewise Economics tells us that economies move in cycles of boom and bust and that bad things happen when all of the resources are located in the hands of a few. It just doesn't tell us when they'll be.
With the advent of NFC, iphone currency will become the next best thing. A loaf of bread will cost 3 iPhones, a car 20,000 iPhones.
The US economy long since bankrupt will have employers paying employees in iPhones and Jesus will come back and collect iPhones in church.
Could happen
In shocking news, an analyst reported today that the X market would be Y big in Z years. The first paragraph of the press release was then posted on 10 different tech news websites in minutes with only slight spelling mistakes added. What do you think about this? Tell us in the comments.
When Elvis Presley died in 1977, there were an estimated 37 Elvis impersonators in the world.
By 1993, there were 48,000 Elvis impersonators, an exponential increase.
Extrapolating from this, by 2010 there will be 2.5 billion Elvis impersonators.
The population of the world will be 7.5 billion by 2010.
Every 3rd person will be an Elvis impersonator by 2010.
How does the Tommy cooper Joke go:
Apparently, 1 in 5 people in the world are Chinese.
And there are 5 people in my family, so it must be one of them.
It's either my mum or my dad. Or my older brother Colin.
Or my younger brother HoChaChu.
But I think it's Colin.
Given the way the Gubbermint rejiggers the GDP, inflation and unemployment statistics every so often I'd be kidding myself to think it wasn't true. Given how the Capratal markets are run are run by trolls, bandits and thieves it just makes you want to bleat the pills out of them. Perhaps I'm being too Gruff but where's Billy when you need him? What's that? What do you mean it isn't Goat Domestic Product? Sorry, it's the cashmere one alone in the corner.
"If Economists could forecast with ANY reliability, the word 'recession' would feature in our language."
"Friedrich von Hayek - "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.""
There's a very large portion of economics which specifically points out that we cannot forecast.
"Jesus Phone is set to account for a large chunk - perhaps the majority - of US economic activity"
That would make a lot of sense if Apple Inc takes over the whole country and everyone becomes an employee. Then all the fanboiz could finally get to wear silver collarless suits and carry cattle prods.
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