Total mortgage applications jumped 21.7% in the week through August 5, to 688.0 (March 16, 1990 = 100). The gain was in applications to refinance, which surged 30.4% to 3,625.7; those for home purchase remained sluggish with a [...]
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 had broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securities, 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 was 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 conducted 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 had a PhD from NYU's Stern School of Business. She lived in Brooklyn, New York, and had a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Aug 10 2011U.S. Mortgage Applications Surge with Re-fi Demand
- Global| Jul 14 2011
U.S. Budget Deficit Smaller than Forecast, But June Saw "Special Factors"
The U.S. Government ran a $43.1 billion budget deficit in June, putting fiscal 2011 to date at $970.5 billion, according to the U.S. Treasury's "Monthly Treasury Statement" released yesterday afternoon. Last year at this time, fiscal [...]
- Global| Jun 17 2011
Treasury TIC Data Show Moderate Foreign Purchases of U.S. Securities; Equities Remain Firm
Foreign investors purchased $44.8 billion worth of U.S. long-term debt and equity securities in April, according the U.S. Treasury's International Capital ("TIC") data, which were published Wednesday. This followed $54.7 billion worth [...]
- Global| Apr 15 2011
Foreign Investors' Holdings Take Smaller Share of Treasury Debt: Other TIC Data Mixed
Foreign investors made net purchases of $32.4 billion worth of U.S. long-term debt and equity securities in February, according the U.S. Treasury's International Capital ("TIC") data published today. This is noticeably less than [...]
- Global| Apr 01 2011
U.S. Construction Spending Still Down
Severe winter weather and continuing fragility in the homebuilding market interacted once again to produce still another decline in construction put-in-place in February, as well as marked downward revisions to January and December [...]
- Global| Mar 17 2011
U.S. Leading Economic Indicators Improve -- With a Caveat
The Conference Board reported that its Index of Leading Economic Indicators rose 0.8% in February, following a slim 0.1% rise in January. The index now stands at 113.4 (2004=100), compared to the recession low 97.4, registered in [...]
- Global| Mar 16 2011
U.S. Current Account Deficit Narrows in Q4 as Exports Rebound
The U.S. current account deficit narrowed in Q4 to $113.3B from a revised $125.5B in Q3. Consensus expectations had called for $110.0B. The ratio to GDP was 3.1%. For 2010 as a whole, the deficit came to $470.2B, or 3.2% of GDP. The [...]
- Global| Mar 11 2011
U.S. Business Inventories Grow Even as I/S Ratios Hover at Record Lows
Business inventories grew further in January, according to U.S. Census Bureau data. The January gain was 0.9% and December was revised from 0.8% to 1.1%. Over the last three months, total inventories have expanded at a 10.1% [...]
- Global| Mar 10 2011
U.S. Flow of Funds Show Hesitant Gain in Credit Market Borrowing
Credit market borrowing amounted to $1,111 billion, seasonally adjusted annual rate, in Q4. This extended a firming trend that lasted throughout 2010; the year cumulated to $736 billion in borrowing, reversing the net paydown of $634 [...]
- Global| Jan 14 2011
U.S. Industrial Production Surges; Utility Output Up with Weather, But Manufacturing Also Gains
U.S. industrial production rose 0.8% in December, following 0.3% in November, which was revised from 0.4%. September and October were both revised upward modestly. The December result compares to a consensus forecast of 0.5%. Year-on- [...]
- Global| Dec 31 2010
Estonia Switches to the Euro
As 2011 begins, the Baltic nation of Estonia will join the Euro Area, becoming the 17th country to use the euro currency. The last country to adopt the currency was Slovakia at the beginning of 2009. This event marks the retirement of [...]
- Global| Dec 31 2010
Estonia Switches to the Euro
As 2011 begins, the Baltic nation of Estonia will join the Euro Area, becoming the 17th country to use the euro currency. The last country to adopt the currency was Slovakia at the beginning of 2009. This event marks the retirement of [...]
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