UK retail sales rose 0.3% in volume in March, according to ONS data reported today. This followed a 1.6% jump in February, revised from 1.4% reported initially and more than recouping a 1.5% drop in January. At least one forecast [...]
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| Apr 19 2007Gasoline Prices Head for $300
Gasoline prices are rising inexorably, surpassing $3.00/gallon in some high-tax areas by last week, and almost certainly due to cross that line imminently for the nation as a whole. In the week ended this past Monday, April 16, [...]
- Global| Apr 18 2007
Treasury TIC Data Show Reduced Security Purchases, but More Inflows of Other Capital
The US Treasury's monthly investment data, called "Treasury International Capital" data or "TIC", are increasingly watched for trends in foreign investors' interest in US capital markets. Data for February were released this Monday [...]
- Global| Apr 18 2007
Treasury TIC Data Show Reduced Security Purchases, but More Inflows of Other Capital
The US Treasury's monthly investment data, called "Treasury International Capital" data or "TIC", are increasingly watched for trends in foreign investors' interest in US capital markets. Data for February were released this Monday [...]
- Global| Apr 13 2007
Michigan Consumer Sentiment Sags as Inflation Concern Rises
The University of Michigan's consumer sentiment index has lost 11.6 points through mid-April to 85.3 from its January peak of 96.9 (Q1 1966 = 100). The reading of current conditions stands at 102.4, down from 111.3 in January, while [...]
- Global| Apr 11 2007
March/April Calendar Quirk, Big Refunds Raise March Budget Deficit. Year-to-Date Down $45 Billion
The U.S. federal government ran a deficit of $96.3B during March, well ahead of last March's $85.3B and also larger than consensus forecasts of $89B. This performance brought the fiscal-year-to-date deficit to $258.4B, down from [...]
- Global| Apr 06 2007
Payrolls Gain 180,000, Unemployment Eases to 4.4%; New Data on All-Employee Earnings
Nonfarm payrolls grew by 180,000, beating out forecasts around 130,000; the prior two months' gains were revised upward once again, this time by a collective 32,000. See the third paragraph for more on these revisions. The [...]
- Global| Apr 06 2007
Payrolls Gain 180,000, Unemployment Eases to 4.4%; New Data on All-Employee Earnings
Nonfarm payrolls grew by 180,000, beating out forecasts around 130,000; the prior two months' gains were revised upward once again, this time by a collective 32,000. See the third paragraph for more on these revisions. The [...]
- Global| Apr 05 2007
UK House Prices Up 11% in March; Increase Is Especially Large in Northern Ireland
House prices are strong in the UK. Today's Halifax [HBOS] data show an 11.2% advance for March over a year ago, with a 1.1% rise in March alone. Both new and existing homes are experiencing the same general pattern, with new houses [...]
- Global| Apr 05 2007
UK House Prices Up 11% in March; Increase Is Especially Large in Northern Ireland
House prices are strong in the UK. Today's Halifax [HBOS] data show an 11.2% advance for March over a year ago, with a 1.1% rise in March alone. Both new and existing homes are experiencing the same general pattern, with new houses [...]
- Global| Apr 04 2007
India Balance of Payments Sees Dynamic Trade and Investment Flows, with Record Reserve Accumulation in 2006
India's balance of payments shows an unusual amount of two-way flow in both current and financial accounts. In Q4 2006 this encompassed a variety of distinctive movements. The trade deficit widened, continuing to confound many [...]
- Global| Mar 30 2007
Euro-Zone Confidence Gains to Best Levels in 6 Years; Unemployment Reaches Record Low
We've been talking about the improving economic conditions in Europe, and today the EC reported still more evidence. On a day when US consumer sentiment was reported to be down again, that in Europe improved, and the overall [...]
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