The US Economy Isn’t Stronger, It’s Fatter

The US Economy Isn’t Stronger, It’s Fatter
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Daniel Lacalle
Updated:
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Commentary
The headline gross domestic product (GDP) figure for the third quarter seemed to signal a return to growth and a significant improvement from the previous readings. Real GDP increased at an annual rate of 2.6 percent in the third quarter, in contrast to a decrease of 0.6 percent in the second quarter, according to the Bureau of Economic Analysis.
Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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