It seem appropriate on the Day after Christmas to look at consumer spending; last Friday here, Tom Moeller called our attention to the total PCE increase in November of 0.5% in current dollars and also 0.5% in real terms.One of 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 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| Dec 26 2006Discretionary Consumer Spending Picks Up in US as Energy Outlays Fall
- Global| Dec 22 2006
Business Enthusiasm Cools a Bit in France & Italy Amid Generally Constructive Climate
Businesses in France and Italy, mostly manufacturers, reported some tapering down of confidence in December surveys. Conditions in general are much better than in the previous couple of years, but readings in these surveys have eased [...]
- Global| Dec 21 2006
Canadian Economy Stalls Out in October
We expressed concern just a few weeks ago here about the whether the Canadian economy might be entering a slowdown. Our discussion of Q3 GDP indicated just scattered evidence, but our edginess increased due to an outright contraction [...]
- Global| Dec 20 2006
UK Institutional Investors Invest Record Amount in Q3
UK institutional investors added a record amount to their asset portfolios in Q3, according to the "First Release" of the widely followed "MQ5" report, which was issued this morning by the Office of National Statistics. Insurance [...]
- Global| Dec 15 2006
Q4 TANKAN Results Show Best Japanese Industry Performance in Many Years
The Bank of Japan's widely watched TANKAN survey showed stronger results across the board in the December report released today in Tokyo.Generally, these surveys are reported just after the beginning of a new quarter, but December is [...]
- Global| Dec 14 2006
Current Accounts in Central Europe: Services, Income and Transfers Play Significant Role
Four Central European countries reported their October current account results during the day yesterday, December 13. Yesterday in this commentary, we noted that the improvement in Japan's surplus in the month resulted from lower [...]
- Global| Dec 13 2006
Japan Current Account Hits Record ¥2.02 Trillion in October; Trade, Services & Income All Contribute
Japan's current account surplus rose ¥611.4 billion in October, according to data reported December 13 by the Ministry of Finance, reaching a record ¥2,020.1 billion (seasonally adjusted).The previous record was ¥2,015.1 billion in [...]
- Global| Dec 08 2006
Anomalous Behavior of Foreign Investment & Marked Reduction in Home Equity Withdrawal
The Federal Reserve's release yesterday of the quarterly Flow of Funds calls our attention once again to changing relationships highlighted in this enormous body of financial information. Here follow brief notes on two specific, but [...]
- Global| Dec 06 2006
UK Industrial Production Takes Unexpected Fall in October
UK industrial production declined unexpected in October, falling 0.8% compared to +0.1% forecast by a couple of consensus surveys of economists. The manufacturing sector was off 0.5%, in the face of an expected 0.2% increase. A number [...]
- Global| Dec 01 2006
Poland GDP Up 5.9% in Q3; Both Domestic Sectors Participate
A rebound in capital outlays boosted Poland's GDP in Q3, pushing it ahead 2.8% (quarterly rate) for the quarter and 5.9% from a year ago. GDP had contracted by 1.5% in Q2. Both major sectors, consumption and capital spending, [...]
- Global| Nov 30 2006
Canada GDP Slows in Q3: Temporary Easing -- or Not?
The Canadian economy slowed in Q3, according to the national accounts array published today by Statistics Canada. GDP grew only 1.7% at an annual rate from Q2, slower than Q2's 2.0% and also less than the 2.0% widely expected by [...]
- Global| Nov 29 2006
Sharp Rise in Japanese Industrial Production for October; Capital Goods Especially Strong
Industrial production in Japan surged in October by 1.6%, more than reversing a 0.7% setback in September. Analysts polled by major press services had looked for September's decline to be repeated in October by 0.4% or 0.5%, so the [...]
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