A month ago here, Tom Moeller explained that mild weather was likely behind an unexpectedly strong performance for new home sales. They were up 4.8% from November, which itself had risen markedly. All of that has now been reversed as [...]
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| Feb 28 2007New Home Sales Fall 16.6% in January, Pay Back Late 2006 Gains
- Global| Feb 28 2007
US 4Q GDP Revised Down to 2.2% Growth, in Line with Forecasts
U.S. real GDP grew 2.2% (AR) last quarter, revised from the unexpectedly large 3.5% reported last month. After release of December construction, trade and inventory data, market forecasters estimated the change to GDP fairly well in [...]
- Global| Feb 28 2007
US 4Q GDP Revised Down to 2.2% Growth, in Line with Forecasts
U.S. real GDP grew 2.2% (AR) last quarter, revised from the unexpectedly large 3.5% reported last month. After release of December construction, trade and inventory data, market forecasters estimated the change to GDP fairly well in [...]
- Global| Feb 27 2007
Existing Home Sales Show Monthly Gain, Less Year/Year Weakness
Existing home sales had a surprising gain in January, rising 3.0% to 6.46 million (SAAR), the largest volume since June. Market forecasts called for an increase of just 0.5% or so. Note that all these data have undergone annual [...]
- Global| Feb 27 2007
January Durable Goods Orders Fall, Giving Up Late 2006 Gains
New orders for durable goods dropped 7.8% in January, following a downwardly revised 2.8% gain in December (originally 3.1%). Consensus expectations called for about a 3% fall, which would have basically reversed the December [...]
- Global| Feb 27 2007
January Durable Goods Orders Fall, Giving Up Late 2006 Gains
New orders for durable goods dropped 7.8% in January, following a downwardly revised 2.8% gain in December (originally 3.1%). Consensus expectations called for about a 3% fall, which would have basically reversed the December [...]
- Global| Feb 23 2007
Mass Layoff Events Increase in January, But the Number of People Involved Decreases
The number of mass layoff events was up 3.0% in January, according to BLS data reported this morning. These specific layoff incidents are called "mass layoffs" because they involve 50 or more initial claims for unemployment insurance. [...]
- Global| Feb 23 2007
Mass Layoff Events Increase in January, But the Number of People Involved Decreases
The number of mass layoff events was up 3.0% in January, according to BLS data reported this morning. These specific layoff incidents are called "mass layoffs" because they involve 50 or more initial claims for unemployment insurance. [...]
- Global| Feb 22 2007
Bank of Japan Raises Call Rate Target to 0.50%; Cites Demand Growth & High Industry Operating Rate
The Bank of Japan raised short-term interest rates by 25 basis points yesterday "effective immediately". As seen in the first graph here, money markets began to factor this change into their trading last Friday, when the key policy [...]
- Global| Feb 16 2007
PPI Eases with Lower Energy; Core Rate Steady
The producer price index for finished goods fell 0.6% following its 0.9% rise in December. This result was close to consensus forecasts of a 0.5% decline. It was, as anticipated, led by a drop in energy prices; this ran 4.6%. Food [...]
- Global| Feb 16 2007
PPI Eases with Lower Energy; Core Rate Steady
The producer price index for finished goods fell 0.6% following its 0.9% rise in December. This result was close to consensus forecasts of a 0.5% decline. It was, as anticipated, led by a drop in energy prices; this ran 4.6%. Food [...]
- Global| Feb 16 2007
Housing Starts Drop Hard in January, Falling to Lowest in 9-1/2 Years
Housing starts in January fell 14.3% from December to 1.408 million, the lowest volume since August 1997. They were 37.8% below January 2006. Consensus expectations called for a decrease, but only a modest one, 2.6%, to 1.600 million. [...]
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