ARE APPLE DISAPPOINTING SALES IN CHINA A HARBINGER OF WORSE THINGS TO COME FOR THE US ECONOMY?
Apple dismal sales figures in China have triggered a mini tsunami on the US stock exchange last week, with Apple stock losing 10% on January 3rd, wiping out $74.6 billion in Apple market cap and dragging down the Dow 660 points in a single day. Many US investors may wonder whether this precipitous drop is little more than a knee jerk reaction to a one-time event or, on the contrary, the harbinger of a deep-seated problem with the US economy. I would argue that the former is m
