Charles Payne on Third Quarter GDP Growth: ‘If You Look at the Details, It’s Even Better Than the Headline’
‘The headline doesn’t do it any justice’
Oct 29, 2020 1:30 PM
By Grabien Staff
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EXCERPT:
PAYNE: "So what held us back, obviously were not building. You know, 59 percent, these numbers are absolutely remarkable. What held us back obviously was government spending down 18 percent, structures which has been a long going thing. You know, businesses mostly invest in technology rather than building new plants. They retrofit them for the 21st century. So this is a long-term trend that’s been in place anyway. But if you look at the details, it’s even better than the headline."