Yesterday here, we described how factors other than trade are impacting the Japanese current account position. Services and incomes were highly influential in the recent Japanese balance of payments performance. But in our desire to [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Oct 15 2004Petroleum Imports Hit French Current Account
- Global| Oct 14 2004
New Japanese Consumer Confidence Survey Shows Confidence Down in September, But Still Much Higher than Last Few Years
The Economic and Social Research Institute of the Japanese Government Cabinet Office (ESRI) has reorganized its survey on consumer confidence. The new data began in April; some old data are still useful. In particular, the survey is [...]
Japan's current account surplus for August, reported today by the Bank of Japan, increased ¥347 million from July in seasonally adjusted terms. This brought it to ¥1.734 billion, the third largest monthly surplus in the almost 20-year [...]
The current inflation picture differs widely among various countries, as is highlighted among the four that reported September CPI data just today. Two that have modest uptrends in consumer prices, the Czech Republic and Lithuania, [...]
- Global| Oct 07 2004
More Jobs in Australia; Unemployment Still Low
Labor markets in Australia continue to look prosperous, based on data reported today for September. We last reported on them four months ago; employment in May had ticked down, but the unemployment rate was also at its lowest in 23 [...]
- Global| Oct 06 2004
German Factory Orders Decline in August, but Hold Double-Digit Gains over Year-Ago Volume
Press reports this morning bemoan what they describe as a disappointing outturn for German factory orders in August. Total orders were indeed off 1.5% from July (seasonally adjusted in 2000 prices), with domestic demand down 1.0% and [...]
- Global| Oct 01 2004
Japan "TANKAN" Better Than Forecast for Q3
Japanese business prospered more in Q3, relative to both the Q2 performance and to their own expectations for Q3. In the Bank of Japan's huge TANKAN survey (10,312 firms), all size firms in all industries garnered a reading of +2, up [...]
- Global| Sep 30 2004
French Industry's Outlook Improves
The business climate is improving in France. Seen easily in the chart alongside and the table below, French businesses are experiencing a rising production trend and improving order books. The price situation has also shifted markedly [...]
- Global| Sep 29 2004
Canadian Industrial Product Prices Appear to Peak Out Following Surges in Petroleum & Metals
Industrial product prices in Canada were basically unchanged in August, rising just 0.1% from July. This not-seasonally-adjusted index is up 4.9% from August 2003 and seems to be moderating a bit after a substantial run-up during the [...]
Capital goods orders in the UK, that is, in the "engineering" sector, were reported today for July. Total new orders were up 1.1% in the month, with orders on hand (i.e., the order "backlog" or "book") rising 0.3%. (See the first [...]
- Global| Sep 23 2004
New Zealand Current Account Deteriorates in Q2
Today, Statistics New Zealand published that nation's second quarter current account. As with South Africa yesterday, there was notable deterioration. In New Zealand, though, both trade and income balances contributed to the larger [...]
- Global| Sep 22 2004
South Africa Current Account Has Record Deficit in Q2
South Africa experienced its largest current account deficit ever and its first trade deficit in 22 years in the second quarter. Data reported today by the Reserve Bank of South Africa show the current account deficit at 49.3 billion [...]
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