Business inventories continued a halting recovery in June. All together, they rose 0.3%, and May's increase was revised from 0.1% to 0.2%. As visible in the first graph, this hardly constitutes a "recovery" from their total decline [...]
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 13 2010U.S. Business Inventories Pick Up Slightly in June
The financial account portion of yesterday's balance of payments report shows sizable capital flows both in and out of the United States in Q1. U.S. assets abroad increased on net by $300.8 billion in the quarter, following a tiny [...]
- Global| Jun 17 2010
U.S. Current Account Deficit Widens in Q1 After Annual Revisions Reduce Earlier Periods; Some Definition Changes, Too
The U.S. current account deficit widened in Q1 to $109.0 billion from a revised $100.9 billion in Q4 2009. The year 2009 was revised from $419.9 billion to $378.4 billion. Relative to GDP, the Q1 number is 3.0%, the widest gap since [...]
- Global| Jun 16 2010
New Accounting Rules Shock MBS and ABS Data
The FASB's new accounting rules 166 and 167 on the use of off-balance sheet accounting for securitized debt issues took effect at the beginning of 2010 for financial institutions with a calendar year fiscal year. From a data user's [...]
- Global| Mar 18 2010
U.S. Current Account Deficit Widens Modestly; Flows of Goods, Services and Capital Show Signs of Recovery
The U.S. current account deficit widened for a second quarter in Q4 to $115.6 billion from $102.3 in Q3. The result was a bit narrower, though than consensus expectations, which called for $118.5 billion. As a percentage of GDP, the [...]
- Global| Mar 11 2010
U.S. Flow of Funds Shows Outright Contraction of Business Credit; Other Sectors Pay Down except Government
U.S. nonfinancial corporations paid down debt in Q4 2009, according to the Federal Reserve's Flow-of-Funds data reported today, March 11. The contraction was minimal, $8.2 billion at a seasonally adjusted annual rate, but it is the [...]
- Global| Feb 19 2010
The Fed De-Eases Bank Lending Terms
Yesterday, February 18, the Federal Reserve Board announced several changes to the extraordinary liquidity measures it instituted to help alleviate the recent financial crisis. Just last week, Tom Moeller described here how extensive [...]
- Global| Jan 14 2010
U.S. Business Inventories Show a Second Monthly Gain
Business inventories grew again in November, expanding for a second month by 0.4%. These two gains followed 13 consecutive monthly declines. As in October, the November increase occurred at wholesalers and manufacturers; retailers [...]
- Global| Dec 04 2009
U.S. Factory Inventories Turn Up in October; Sizable Across-the-Board Revisions to September Factory Data
Factory inventories rose in October, by 0.4%, their first increase in 14 months. September's decline was revised from 1.0% to 1.3%, although this revision can actually be interpreted positively. Shipments in September were stronger [...]
- Global| Nov 13 2009
Michigan Consumer Sentiment Sags Once Again
Consumer sentiment declined again in early November, falling from October's 70.6 to 66.0, measured by the Reuters/University of Michigan Index of Consumer Sentiment. Forecasters had looked for only a marginal decrease to 70.0. The [...]
- Global| Oct 01 2009
U.S. Construction Spending Gains in August, But June & July Revised Down
The headline sounded so promising: construction spending rose 0.8% in August, when forecasters had looked only for a 0.2% decrease. But the pleasure with this result was short-lived. July's amount was revised from -0.2% to -1.1% and [...]
- Global| Oct 01 2009
U.S. Pending Home Sales Climb Another 6.4% in August
Housing demand continues to improve. The National Association of Realtors (NAR) reported that during August, pending home sales increased 6.4%, notably stronger than June's 3.6% and July's 3.2% gains. NAR's index stood at 103.8, the [...]
- of114Go to 54 page