The Wall Street Journal is running an article where they suggest that sales of the new i Phone could boost US real GDP growth.
But the i Phone is built in China by a Taiwanese based firm. So the consumer and business spending on the new i Phone will be offset in the GDP accounts by imports of the i Phone, making it a wash in the GDP accounts.
You would think that the Wall Street Journal would know this. I guess this is just another example of how under the new ownership the low standards of the Wall Street Journal editorial page are spreading into its news coverage.