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Yet Bernanke continues to be the target of public criticism. Many feel that the Fed’s easy-money policies have continued far too long. What should have been a shot of adrenaline has become a long-term narcotic addiction with ill-understood side effects. By punishing savings and encouraging borrowing, the Fed may be setting us up for another financial crisis down the road.
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Indeed, my conversations with a few of the major fitness app developers confirmed strong interest in Apple’s latest creation. Jason Jacobs, CEO of the popular fitness software RunKeeper was very keen on the M7’s possibilities. Jacobs told me that, “We think that it’s a very exciting opportunity indeed. With this move by Apple, more people can track what they do more easily over time.”