Both of these factors tend to further help with depression. And because we have more energy our fatigue induced boredom is reduced, we will feel like doing more things that don't involve the fridge. The usual reason exercise is recommended is to assist in creating a negative energy balance. But as we now know, if exercise is combined with a diet that prevents access to stored body fat, the only result will be an increase in the energy deficit. Either we'll feel worse and be hungrier, or we'll eat more food.
Exercise helps correct the insulin glucagon imbalance that high carbohydrate diets create.
So in combination with a hormonally balanced diet, exercise is fantastic for fat loss and fantastic for our general health, but the benefits of exercise for fat loss only last until the next high carbohydrate meal. And let's not forget the reasons why we want to reduce obesity. Basically, being fat is bad for you. There is indisputable evidence that obesity is linked to an increased risk of developing many dire conditions. Being overweight greatly increases the risk of developing heart disease even when no other risk factors are present.