A piece of what is now "ancient" history: on December 10, 1998, the price of a barrel of West Texas Intermediate Crude oil was $10.73. Yesterday, it was $48.70. A page 1 story in today's Wall Street Journal highlights the role of [...]
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| Aug 19 2004Philadelphia Fed Index Moderates, But Still Strong Historically
The Philadelphia Feds index of general business conditions in the manufacturing sector moderated in the August survey, falling to 28.5 from 36.1 in July. The 8.2-point decrease was weaker than Consensus expectations for a marginal [...]
- Global| Aug 19 2004
Initial Jobless Claims Edge Lower Again
Initial unemployment insurance claims fell 3,000 to 331,000 last week and the prior week was up revised marginally. Claims were once again lower than expected; the consensus forecast was 335,000 claims. The 4-week moving average of [...]
- Global| Aug 18 2004
Mortgage Applications Reach Highest in 3 Months
The index of mortgage applications compiled by the Mortgage Bankers Association jumped 11.9% last week, breaking out of its recent tight range. At 689.4 (Mar 16, 1990 = 100), the index reached its highest since the first week of May. [...]
- Global| Aug 18 2004
Mortgage Applications Reach Highest in 3 Months
The index of mortgage applications compiled by the Mortgage Bankers Association jumped 11.9% last week, breaking out of its recent tight range. At 689.4 (Mar 16, 1990 = 100), the index reached its highest since the first week of May. [...]
- Global| Aug 17 2004
July Housing Starts Reverse June Drop
Housing starts jumped 8.3% last month to 1.978M, almost exactly offsetting their June decline of 7.7% (revised from the initial report of 8.5%). Forecasters anticipated some of the rebound, having projected a 1.89 M total. Single- [...]
- Global| Aug 17 2004
Industrial Production Increases Less than Expected, But Factories Regain Some Vigor
Industrial production recovered in July after its June fall. However, the 0.4% gain was less than the 0.5% market forecasters had looked for, and June itself was revised lower, from a 0.3% decline to a 0.5% decline. The hints of [...]
- Global| Aug 17 2004
CPI Falls 0.1% in July; "Core" Also Weak
The Consumer Price Index (CPI-U) fell 0.1% in July versus Consensus expectations for a 0.1-0.2% rise. As last month, the surprise was fueled by energy prices, which dropped 1.9% after July's 2.6% surge. Seasonally adjusted gasoline [...]
- Global| Aug 17 2004
CPI Falls 0.1% in July; "Core" Also Weak
The Consumer Price Index (CPI-U) fell 0.1% in July versus Consensus expectations for a 0.1-0.2% rise. As last month, the surprise was fueled by energy prices, which dropped 1.9% after July's 2.6% surge. Seasonally adjusted gasoline [...]
- Global| Aug 16 2004
Housing Market Index Bounces Back
The Composite Housing Market Index reported by the National Association of Home Builders (NAHB) rebounded in this month's survey to 71, 4 points higher than in July. The index was even with last August's level. The index of single [...]
- Global| Aug 16 2004
Net Foreign Purchases of Securities in US Markets Gain in June as Sales Fall
In June, net foreign purchases of securities traded in US markets totaled $71.8 billion, more than May's $65.9 billion. The latter figure, though, was revised upward from an original $56.4 billion. So there has been considerably more [...]
- Global| Aug 16 2004
Empire State Index Slows 23 Points for August
The Empire State Index of General Business Conditions in New York's manufacturing industries dropped 23 points in August to 12.6, its lowest reading in 15 months. The July figure was revised down slightly from 36.54 to 35.75. All of [...]
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