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 [...]
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| Oct 10 2007New Bank of England Credit Survey Shows Tightening Availability Amidst Mixed Demand from Borrowers
Last Friday, we wrote here about the current ECB survey of bank lending policies. A couple of weeks ago, the Bank of England published the first results of a similar, brand new survey of bank and nonbank lenders in the UK. These [...]
- Global| Oct 05 2007
Euro-Area Banks Tighten Lending Policies, According to Latest ECB Survey
For the last 5 years, the European Central Bank (ECB) has conducted a quarterly survey of senior bank lending officers at a representative sample of European banking institutions. Ordinarily, the survey takes place during the first [...]
- Global| Oct 04 2007
Housing Starts by State: Weak, Yes, But Gains in August Where You Wouldn't Expect
It's widely known that the housing market has been in a deep slump. And it's also said that the impact is not uniform across the country, but is concentrated in a number of select states. Some evidence for that arrived this morning in [...]
- Global| Oct 03 2007
Australia Retail Sales Show Some Vigor Through August
Retail sales in Australia extended their recent surge through a third month in August as they recovered from a dip in April-May. They were up 0.7% in August alone and 3.2% over the last three months, the strongest 3-month gain since [...]
- Global| Sep 28 2007
Money Markets: Has the Crisis Passed?
Forces on money markets that were quite severe just a few weeks ago look to be letting up. There are still reasons for concern, but the most current information about the markets' behavior seems to portray some remission of August's [...]
- Global| Sep 27 2007
Employment Up, Unemployment Down in Germany; But Does the Better Jobs Situation Spur Spending
We've commented on developments in Germany often in recent weeks, but it seems worthwhile as that nation's economy remains firm. Today, the Federal Statistics Office reported on the labor market through August. Employment of German [...]
- Global| Sep 26 2007
Business Confidence Weakens in France & Italy
Yesterday, Louise Curley described the continuing deterioration in Germany's IFO business climate measures. Somewhat the same is true for similar surveys in France and Italy. In the French INSEE survey, the Business Climate Index has [...]
- Global| Sep 21 2007
Canada's Retail Trade Falls 0.8% in July, But Could Be Simple Offset to Earlier Strength
Retail trade in Canada fell 0.8% in July following on a 1.1% drop in June. May had been stronger, with a 2.8% increase. The July result year-on-year was up 3.8%. This was the weakest y/y increase since October 2005, although the [...]
- Global| Sep 20 2007
Personal Income Growth Slows in Most States in Q2 after Bonuses Paid in Q1; Commuting Patterns Require Adjustment [...]
Today, the BEA reported personal income by state for Q2. This sizable body of data, carried in Haver's PIQR database, shows the composition of aggregate personal income for each state by type of income and earnings by industry. In Q2 [...]
- Global| Sep 19 2007
U.S. CPI Total -0.1%, Core Up 0.1503%
The consumer price index (CPI-U) edged down 0.1% in August, a bit softer than the Consensus forecast for unchanged. The 0.2% rise in prices less food & energy was in line with expectations. Actually, carried out to more decimal [...]
- Global| Sep 19 2007
U.S. Housing Starts Fall Yet Again
Housing starts fell in August by 2.6% to 1.331M units. This result undershot Consensus expectations, which called for a decrease to 1.35M starts. July volume was revised from 1.38M to 1.367M.The August number was the smallest since [...]
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