Why Most Macro Indicators Are Fake News in Asia (and how to look for the real ones)

You’ve been there before. The most popular macro indicators from your most reliable sources turned out to be manufactured or wildly inaccurate.

I’ll tell you the truth. It’s an epidemic here in Asia due to a couple of reasons.

1. A Culture of Saving Face

The culture of “saving face” is an Asian way of living that upholds a person, family, organization or a…