Charles Payne: Most economists are missing the human side of data | Fox Business Video
In this segment, Charles Payne emphasizes that many economists overlook the human aspects behind economic data. He suggests that economists should engage with real-world experiences, like visiting supermarkets, to better understand the true implications of economic indicators. Payne argues that a grassroots approach could provide economists with deeper insights into consumer sentiment and behavior, which statistics alone may fail to capture.
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The focus on the human side of data could positively influence companies that are consumer-centric and adaptable to changes in consumer behavior. This emphasizes the need for businesses to understand market trends and consumer sentiments in real time.
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