Economic Growth Masks Underlying Weaknesses That Threaten Sustainability

GDP growth in Q3 was fueled by temporary factors like inventory building, not sustainable drivers like investment.

Consumers are depleting savings and taking on debt to maintain spending, which is unsustainable.

Government spending accounted for nearly 20% of GDP growth, adding to already massive deficits.

Inflation is accelerating again, eroding consumer purchasing power.

Policies promoting excessive government spending are setting the stage for an economic downturn.