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 [...]
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| Sep 22 2004South Africa Current Account Has Record Deficit in Q2
- Global| Sep 17 2004
Canadian Consumer Prices Fall in August
Inflation remains well contained in Canada, according to the Statistics Canada report on the August CPI released today. Indeed, there has been little movement in the consumer price index since May. The overall index fell 0.2% in [...]
- Global| Sep 16 2004
Cross-Currents in Asian Labor Markets
August labor market conditions were mixed in two Asian economies. Korea saw more erosion of employment, while jobs in Hong Kong continued to gain. Unemployment rates in both areas ticked down, however. Korea lost 48,000 jobs in the [...]
- Global| Sep 15 2004
Japan: Demand for Credit "Less Weak" in Q2
The Bank of Japan today published "flow of funds" accounts for Q2. These comprehensive data are similar in structure to the Federal Reserve's accounts for the US. In Haver databases, the Japanese figures are maintained in the [...]
- Global| Sep 10 2004
Canadian Employment Situation Little Changed in August; Gain in Construction Jobs Stands Out
Employment and unemployment data in Canada showed little change in August. Employment fell by 7,000 workers, falling short of forecasters' expectations of a 15,000-20,000 increase. But the unemployment rate remained at July's 7.2%, a [...]
- Global| Sep 08 2004
Mixed Fortunes for European Industry
Yesterday, we described an improving trend in German industrial production through July, an encouraging sign for Europe as a whole. At the same time, not all countries are fully on board yet. Data reported yesterday for the UK show [...]
- Global| Sep 03 2004
Euro-Zone Services Activity Maintains Steady Growth
The Euro-Zone Purchasing Managers Index for the service industries edged down in August to 54.47 from 55.31 in July. A narrow range from 54.40 to 55.76 has prevailed for six months now, tracing a steady moderate growth path for [...]
- Global| Sep 02 2004
German Labor Market Remains in the Doldrums
The German Federal Statistics Office and the Bundesbank today reported continuing lackluster labor market conditions in that nation. Employment in June edged down by 1,000, while unemployment rose in August by 24,000. The August [...]
- Global| Sep 01 2004
Global Manufacturing Growth Pauses in August; Output Prices Firming
Growth in global manufacturing activity slowed in August, maintaining a kind of seesaw pattern that has prevailed all year long. The global Purchasing Managers' Index was 55.8, easing from 57.2 in July. The Euro-Zone's index was 53.9, [...]
- Global| Aug 27 2004
Japanese Unemployment Rises in July, But So Does Employment; Signs of Recovery Ambiguous
Unemployment increased in Japan in July, according to data reported today by the Ministry of Public Management, Home Affairs, Posts and Telecommunications. The unemployment rate rose from 4.6% in June to 4.9%, the highest in five [...]
- Global| Aug 27 2004
Japanese Unemployment Rises in July, But So Does Employment; Signs of Recovery Ambiguous
Unemployment increased in Japan in July, according to data reported today by the Ministry of Public Management, Home Affairs, Posts and Telecommunications. The unemployment rate rose from 4.6% in June to 4.9%, the highest in five [...]
- Global| Aug 26 2004
British Industry Continues Improvement, but German Expectations Weaken
British industry continues its improvement this month with only the second positive move in its order volume in 7-1/2 years. The Confederation of British Industry (CBI) survey shows a reading on orders at +2 for August; the other [...]
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