This past spring, as disruptions in the residential mortgage market became more severe, the Federal Reserve's Division of Monetary Affairs revised some of the relevant questions on its quarterly Senior Loan Officer Opinion Survey. [...]
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| Nov 09 2007Michigan Consumer Sentiment in Full Retreat
The University of Michigan's consumer sentiment index fell 5.9 points in early November to 75.0 from October's 80.9. This was a 7.3% drop, almost as large as August's 7.7%, and the fourth consecutive month without an increase. [...]
- Global| Nov 07 2007
Turkey Foreign Trade Volumes Moderate in September, While Sustaining Double-Digit Year/Year Growth
Turkey's economic fortunes currently are tied to their export activities. Through Q2 2007, GDP was up 3.9% from a year ago, while exports of goods and services according to the national accounts definition were up 12.7% in 1987 [...]
- Global| Nov 01 2007
Australian Economy Remains Strong, But Strong A$ May Already Be Generating Some Restraint
The deficit in Australia's trade in goods and services increased further in September as exports declined and an accompanying decline in imports was smaller. The overall deficit was A$1,862 million, up from A$1,665 million in August [...]
- Global| Oct 31 2007
U.S. Employment Cost Index Moderates to 0.8% Quarterly Increase
The employment cost index slowed to an 0.8% advance for private industry workers in Q3, compared to 0.9% in Q2 and a Consensus forecast of 0.9%. Wage and salary growth held at the 0.8% quarterly pace seen in Q2, with the year/year [...]
Spain's National Institute of Statistics reported Q3 labor force data today. Their formal term is "Economically Active Population Survey" or EAPS. Employment in this survey rose 143,300 from Q2 to 20.511 million workers, up 3.1% from [...]
- Global| Oct 25 2007
Freight Charges Skyrocket; Baltic Indexes Surge to Records
"Cost, insurance and freight" is an expression to describe the value of imports. The vast majority of the time, the "insurance and freight" portion amounts to a statistical discrepancy, used, at least by economists, merely to [...]
- Global| Oct 24 2007
Existing Home Sales Drop 8% in September; All Regions Feel the Pain
Oh, my. A month ago here, Robert Brusca made a fairly calm assessment of home sales in most of the country. "...holding their year-to-year declines to less than 10%" for instance. Only the drop in the West was nettlesome to him. This [...]
- Global| Oct 19 2007
UK GDP Maintains 0.8% Growth in Q3; Industry Sectors Rotate Leadership
Overall Q3 GDP growth in the UK appears to make for boring reading, at 0.8% Qtr/Qtr for a fourth consecutive time and a sixth time out of the last seven quarters. But with the upheaval in world financial markets coming to a head right [...]
- Global| Oct 17 2007
TIC Data Show Foreign Investors Made the Same Kinds of Decisions in August that Domestic Investors Did
News stories have already highlighted the substantial liquidation of US securities by foreign investors that is portrayed in the monthly Treasury International Capital System (TIC) data for August. As reported yesterday, investors [...]
- Global| Oct 12 2007
Mr. Gore's Nobel Prize Occasions a Look at Haver's Energy & Environment Data
The awarding of the Nobel Peace Prize to Al Gore and the United Nations Intergovernmental Panel on Climate Change brings environmental issues to specific public attention once again. The news prompted us to browse Haver's offerings [...]
- Global| Oct 11 2007
Tighter Monetary Policy in South Africa, Where Inflation, Growth and Credit Expansion All Look Strong
The South African Reserve Bank bucked the current trend among world central banks by tightening monetary policy today. They raised their key policy rate, the repurchase rate, by 50 basis points to 10.50%. The Bank conducts an [...]
- of114Go to 58 page