The CEO of $445 billion fund giant Principal Global Investors says everyone has the economy all wrong

Business Insider recently spoke with Jim McCaughan, CEO of Principal Global Investors, a fund manager with $445 billion in assets. McCaughan thinks the economy is growing faster than GDP numbers suggest, because of the improvement in technology and quality of goods and services. “I think we’re better off than the numbers say we are and there’s maybe 1% more growth and 1% less inflation than most people think,” he said when asked about current economic indicators. “Tech stocks are the f...