Wednesday, January 17, 2018

The Apple Page -- Nothing About The Bakken -- January 17, 2018

The Marshall Plan, adjusted for inflation, spent about $120 billion to rebuild West Germany. See this link. A huge "thank you" to Jim Cramer for alerting me to this data point.

Apple today announced it would inject $350 billion in new investment in the United States over the next five years, much/most of it in 2018, according to Jim Cramer. In addition, Tim Cook will write a check for $38 billion in a one-time tax related to the tax bill.

Cramer says that in an interview with Tim Cook, the Apple CEO said these developments were only possible because of the tax cut -- you know, the one that was not supported by one Democrat. Even the anti-Trumpers, and never-Trumpers on the GOP side of the aisle voted for this tax bill.

That helps put things into perspective.

According to Yahoo!Finance, Apple, Inc, has $75 billion in cash.

Later, a huge "thank you" to a reader for providing this link: https://www.cnbc.com/2018/01/17/cramer-apples-tim-cook-credits-most-of-350b-plan-to-repatriation.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104950964&yptr=yahoo

Disclaimer: some of these data points may be incorrect; I was distracted by Sophia when posting this, but I'm sure it's easy enough to confirm these figures. The Marshall Plan figure is accurate, at least as far as I know, and so is the Apple figure of $350 billion. That's enough for me.

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