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Is the US Economy Recovering or Overheating? — J. Bradford DeLong

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The fact that core inflation is rising on the back of substantial GDP growth and declining unemployment should not come as a surprise. Those who are wringing their hands about economic "overheating" should remember that an absence of price increases would reflect an economy that is still struggling.Project SyndicateIs the US Economy Recovering or Overheating?J. Bradford DeLong | Professor of Economics, UCAL Berkeley

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The fact that core inflation is rising on the back of substantial GDP growth and declining unemployment should not come as a surprise. Those who are wringing their hands about economic "overheating" should remember that an absence of price increases would reflect an economy that is still struggling.
Project Syndicate
Is the US Economy Recovering or Overheating?
J. Bradford DeLong | Professor of Economics, UCAL Berkeley
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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