The “Great Recession” began December 2007. In June 2007, the iPhone debuted and sold for $499.00-$599.00. Every year since 2007, iPhone sales have been steadily increasing as the price has also increased. In 2016, there was a slight dip in sales, but nothing of any real consequence.
If the “Great Recession” was as bad as people make it out to be, why were people buying iPhones? Today, many say that the “Crash” is heading our way again. They say that it will be even more devastating than it was just 11 years ago.
The iPhone X debuted last year with a starting price of $999.00. This year the iPhone XS debuted and soon the iPhone XR will be available. The iPhone XS has a starting price of $999.00. The iPhone XR will have a starting price of $749.00.
So this is just a small sample. Many other goods and services have gone up in price as well. From automobiles to furniture and appliance delivery. Others have stayed about the same. The housing market still hasn’t fully recovered, then again, perhaps that market was artificially inflated.
Correlation is not related to causation. Then again, if the market is dependent on the majority using credit to purchase rather than cash, perhaps nothing is of any real value, since nothing is truly owned.
What actually caused the “Great Recession”? Have we learned anything from just 11 years ago?
I wonder how much “Ugly Christmas Sweaters” will be this year?
Politicians still ask for donations and their campaign staff works for free?