The U.S. Government's budget deficit decreased in fiscal year 2010, ended September 30, to $1.294 trillion from $1.417 trillion in FY09, according to the annual release of fiscal year budget results published today by the U.S. [...]
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| Oct 15 2010U.S. Budget Deficit Decreases in FY10: "Only" 8.9% of GDP
- Global| Oct 15 2010
Business Inventories Expand, Continuing Realignment with Growing Sales
Businesses continued to add inventories in August, and the inventory/sales ratio made it to 1.27, the highest since November 2009. Total stocks were up 0.6% in August, following July's 1.1% gain. This sum of manufacturers, wholesalers [...]
- Global| Oct 15 2010
Consumer Sentiment Largely Stable, a Little Worse than Expected
Consumer sentiment is stuck: for a fourth consecutive month, the University of Michigan Index of Consumer Sentiment has hovered within a range of 1.1 points and eased just slightly in the latest, mid-October reading to 67.9 from 68.2 [...]
- Global| Oct 01 2010
Construction Spending Manages Small Rise in August, Due to Public Sector
The value of construction-put-in-place increased in August by 0.4%, following a downwardly revised 1.4% decline in July and an upwardly revised 0.6% rise in June. The August result compared with Consensus forecasts of a 0.4% decline, [...]
- Global| Sep 17 2010
Credit Market Borrowing Begins To Expand; "Rest-of-World" Investors Provide Sizable Funding
Credit market borrowing grew $567 billion, seasonally adjusted annual rate, in Q2, stronger than the $498 billion amount in Q1. That figure, in turn, reflects a sizable revision of the tiny $10.3 billion paydown initially reported. [...]
- Global| Sep 16 2010
U.S. Current Account Deficit Widens Further in Q2 with Less Growth in Goods Exports & Steady Growth in Imports
The U.S. current account deficit widened in Q2 to $123.3 billion from a revised $109.2 billion in Q1; this result was very close to consensus expectations for $123.9 billion. The Q2 ratio to GDP is 3.4%, up from 3.0% in Q1. The [...]
- Global| Aug 19 2010
Philly Fed Business Outlook Survey Negative for August: Renewed Weakness? -- or Routine Shakiness?
Disappointingly, the Philadelphia Fed's monthly business outlook survey turned negative for this month. The general activity index was -7.7% compared with July's +5.1%. It was the first negative reading since July 2009. The weakness [...]
- Global| Aug 19 2010
U.S. Unemployment Insurance Claims Jump Back to 500,000; Total Recipients Climb Back Toward 10 Million
Unemployment insurance claims jumped unexpectedly in the week ending August 14, reaching 500,000 from an upwardly revised 488,000 the week before (originally 484,000). It was the first appearance of 500,000 initial claims since [...]
- Global| Aug 18 2010
Fed Loan Officer Survey Shows Easier Lending Standards, Hints of Turnaround in Loan Demand
Bank lending policies have begun to shift toward easier standards, according to the quarterly Federal Reserve Senior Loan Officer Survey. Data covering the latter half of July were reported Monday, August 16; participants, 57 domestic [...]
- Global| Aug 17 2010
U.S. Industrial Production Rose 1.0% in July
Industrial production surprised for July with a 1.0% surge, compared with a consensus expectation of 0.5% and a downward revised -0.1% in June. Output is up 7.7% from a year ago. The manufacturing sector gained 1.1% in the month, [...]
- Global| Aug 17 2010
Producer Prices Turn Up in July, But Subgroups Decidedly Mixed
The producer price index for finished goods turned back higher in July, gaining 0.2% after June's 0.5% drop. The July rise pushed the year-on-year performance to a sharp 4.2% increase, compared with 2.7% registered in June. Both the [...]
- Global| Aug 16 2010
Foreign Investors Increase Net Purchases of U.S. Securities in June, But Amount Is Restrained
Foreign participation in U.S. capital markets was relatively modest in June, according to the monthly "TIC" data reported this morning from the U.S. Treasury. Foreign investors were net purchasers of $33.9 billion in long-term [...]
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