There are some fairly obvious reasons why societies characterized by low levels of inter-personal trust tend to be highly regulated. In a society where people tend not to trust each other there is likely to be less adherence to social conventions and there is likely to be more political pressure for the use of government . . . → Read More: When Does Greater Economic Freedom Promote Distrust?
Ordinarily, official statistics get revised because at first, provisional estimates are released, and when the full data filings come in, then improved estimates are put out.
In the case of RBI’s data about RBI’s trading on the currency market, such data revisions should ordinarily not arise.
But yesterday, data released by RBI modified the . . . → Read More: A Puzzling Data Revision
Retail revenues probably rose in November for a fifth consecutive month as American shoppers began their holiday purchases. Reports later this week will show consumers are returning to the stores in greater numbers and spending more than in recent holiday shopping seasons.
The consensus among economists surveyed is for a 0.7 percent gain in . . . → Read More: Holiday Retail Season Running At Strong Pace