ECON 101: Apple vs. Eurozone Banks (scary!)

Veer_G

Beware of the Dildópony!
Full Member
Minuteman
Jun 15, 2008
12,977
15,280
SEPA
To put things into perspective about the current state of the world economy, the ill health of European banks, and discretionary spending, consider this:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Technology company Apple is now worth as much as the 32 biggest euro zone banks.

http://www.reuters.com/article/2011/08/19/us-apple-worth-idUSTRE77I46520110819</div></div>

That's right. iPads, iPhones, MacBooks, iTunes, and everything else Cupertino peddles have made Apple worth more than the thirty-two biggest banks in Europe.

That's a shitload of money. Europe? Pwn€d!