A recovery in Japan looks to be not only continuing, but spreading. Data for January that were published February 27 show gains in production, household spending and employment. Perhaps most notably, employment appears to be [...]
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| Feb 27 2004Japan Sees Gains in Production, Jobs and Spending
In four countries' surveys of business confidence issued today for February, firms appear to be gaining confidence or, in the case of the UK, at least feeling less pessimistic. At the same time, consumers in two of those nations still [...]
In four countries' surveys of business confidence issued today for February, firms appear to be gaining confidence or, in the case of the UK, at least feeling less pessimistic. At the same time, consumers in two of those nations still [...]
- Global| Feb 25 2004
Consumer Prices Inflation Modest in France, India and South Africa
Consumer prices in three disparate countries were reported today for January. Inflation in France and South Africa looks tame while that in India is at least stable at a rate that is quite moderate by historical comparison. The first [...]
- Global| Feb 19 2004
Foreign Purchases of US Securities Set Record in 2003
On Tuesday, the US Treasury published its December "TIC" data, the compilation of securities transactions between foreign investors and US residents. ["TIC" is an acronym for Treasury International Capital.] The data are contained in [...]
- Global| Feb 18 2004
Japan GDP Surges 1.7% in Q4
Japanese GDP jumped 1.7% in Q4, equal to 7.0% at an annual rate. Consensus forecasts had called for 4.3% annualized growth. Business investment led the surge, up 5.1% (quarterly rate), contributing almost half of the quarter's total [...]
- Global| Feb 13 2004
Modest Q4 Euro-zone Growth Led by Demand in UK and US
Eurostat's "Flash" GDP estimate for Q4/2003 shows modest growth fairly steady with Q3. The Euro-zone 12 gained 0.3%, a bit slower than Q3's 0.4%, while strength in the UK helped raise the EU15* by 0.4%, the same as in Q3. Four-quarter [...]
- Global| Jan 13 2004
Japan Current Account Surplus Sustained, as Financial Accounts Show Capital Outflow
Some months ago in this space, Louise Curley explained how the large Japanese current account was bringing Japan a strong influx of foreign exchange reserves. However, this situation shifted soon after that report appeared. The [...]
- Global| Dec 05 2003
Canada Job Gains Continue
Over the last three months, the job market in Canada has been stronger than in the US. In that time frame, Canadian labor force employment has risen 165,800, a substantial 4.3% annual rate of growth. In the US, the comparable [...]
- Global| Dec 04 2003
Unemployment Picture Improves in Germany
German unemployment fell again last month, a third successive decrease and the fifth in the last seven months. In a press report accompanying release of the November data, government officials attribute this improvement to several [...]
- Global| Dec 03 2003
Euro-Zone Services Continue Broad Expansion Through Q4
"The highest since . . . " is a phrase that applies to the service sector PMI or its main components for nearly every European country in November. For instance, the Euro-Zone-wide index, at 57.5, is the highest since October 2000. [...]
- Global| Nov 26 2003
UK Growth in Q3 Strongest in 2-1/2 Years
As in the US, GDP in the UK was revised higher for Q3. From 0.6% reported a month ago, it was raised to 0.75%, the largest quarterly growth rate since the first quarter of 2001. The year-on-year growth rose to 2.0% from 1.9% reported [...]
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