South Korea's GDP grew 1.7% in Q2, following 0.9% in the previous two quarters. This was the strongest quarterly increase since Q4 2003, 4-1/2 years ago. The year-to-year growth was 4.9%, up from 4.0% in Q1 and also in Q4. The [...]
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| Jul 19 2007Treasury TIC Data: Record Purchases of US Securities; Country Mix Highlights Rising China, Diminishing Japan
May's "TIC" data from the US Treasury show a substantial increase in net purchases of US securities by foreign investors to a record $163.5 billion. These purchases amounted to $97.4 billion in April and $107.7 billion in May a year [...]
- Global| Jul 18 2007
Employment Rises Sharply in UK, Unemployment Down
In a marked shift, UK employment surged 63,000 in the 3 months centered on April, a second successive gain, as the March period saw 31,000 more employed. From three months ago (the style of comparison that the UK's Office for National [...]
Gasoline prices turned up slightly in the latest week, ending July 9, but they remain below their May peaks. The latest reading from the Department of Energy (DOE) was $2.981/gallon, up 2.2 cents on the week. At least one reason for [...]
- Global| Jul 12 2007
India's Industrial Production Up "Only" 11.1% in May
Industrial output in India has accelerated markedly over the last couple of years. In the data for May, published today in Mumbai by the Central Statistical Organization, the gain was 11.1% from May 2006 and that actually disappointed [...]
- Global| Jul 11 2007
CPI in Hungary and Czech Republic: Up, Down or Sideways?
The Czech Republic and Hungary are not far apart in Central Europe, but their respective consumer price behaviors put them seemingly at the other end of the continent from each other. In the Czech Republic in June, the total CPI rose [...]
- Global| Jul 06 2007
Who Says Manufacturing Growth Is All in Asia? German Factory Orders Up Markedly in May
Sometimes it's easy to dismiss manufacturing activity in the West. Asian producers have come on so strong in the last several years that one might think European and North American manufacturing is fading away. But this is not so. [...]
- Global| Jun 29 2007
Construction Spending Up 0.9% in May, Much Better Than Expected
New construction put-in-place surged by 0.9% in May, following 0.2% in April and 0.1% in March. This was the best performance since February 2006 and compared with Action Economics' forecast survey that called for just 0.1%. This [...]
- Global| Jun 28 2007
"I'm Going To Buy That House Whether I Can Afford It or Not!" "And I'm Going To Lend You the Money!"
The quip in our title isn't universally applicable, but it does describe some housing market behavior in the last few years. On Monday, our colleague Bob Brusca brought us up to date on existing home sales; he interpreted these data [...]
We fret over the Japanese economy: is it improving or not? Is it finally breaking out of 1990s stagnation enough so that deflation will go away? We're never quite sure. So when one figure is favorable, even by a little bit, we tend to [...]
The South African economy is moving ahead vigorously, according to Q1 GDP data released yesterday by the South African Reserve Bank. Growth actually slowed to "just" 4.7% from Q4 at an annual rate, following 5.6%. Year-on-year growth [...]
- Global| Jun 21 2007
UK, Euro-Zone Industrial Surveys Show Improvement in June
Industrial activity in Europe and the UK is showing signs of picking up. Surveys for June released this morning by the Confederation of British Industry and NTC Economics both indicate improvements. The report from NTC is a new one. [...]
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