After a surge in credit card borrowing in 2004, British consumers slowed their use of credit cards last year and most recently, in six of the last eight months, they have cut their credit card debt absolutely. This pattern emerges [...]
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| Sep 27 2006UK Consumers Pay Down Credit Cards
Employment in Taiwan is trending steadily higher, even and especially in the manufacturing sector. August data published on September 22 by the Directorate-General for Budgets, Analysis and Statistics (DGBAS) shows a 21,000 increase [...]
- Global| Sep 21 2006
Israel's Economy Sees Slower Growth in the Face of War in Lebanon; Lebanon's Economy Falls Dramatically
The Israel's Central Statistics Bureau today reported its "State of the Economy Index" for August, along with its available components. When we last checked in on the Israeli economy, about six weeks ago, the war in Lebanon was still [...]
- Global| Sep 20 2006
Spain's Labor Costs Pick Up in Q2; Benefits Outstrip Wage Gains
Spain's National Institute of Statistics (INE) reported on labor costs today for Q2 2006. These costs, measured as monthly compensation per worker, picked up to a 3.5% growth rate year-on-year from 3.4% in Q1 and at or near 3.0% for [...]
- Global| Sep 15 2006
Japan's Flow-of-Funds Data for Q2 Add to Questions about Economic Progress
Earlier this week, Louise Curley highlighted the fragility of recent gains in the Japanese economy. She described new weakness in manufacturing orders and some deterioration in consumer confidence. Today, data on flow of funds in the [...]
- Global| Sep 14 2006
U.S. Current Account Deficit Eases in Q2
The US current account deficit shrank a bit in Q2 to $190.8 billion from $197.1 billion in Q1. The figure was very close to consensus expectations for Q2 of $190.5 billion. Q1's deficit was revised larger by $4.5 billion. The latest [...]
- Global| Sep 14 2006
Labor Force and Employment Gains Strong in Australia; Unemployment Hovers Near Record Low
Employment in Australia rose 23,400 in August from July and has increased every month for the last ten. The year-on-year growth is just 2%, but the 10-month advance has occurred at a 3.2% annualized pace, similar to the 2005 [...]
- Global| Sep 13 2006
UK Claimant Count Eases, Bringing Good News to Politicians, But Broader Unemployment and Employment Change Little
Prime Minister Blair gave away a key piece of UK labor market data Tuesday at a speech to the Trades Union Congress, letting people know that the so-called "claimant count" would see a "welcome" fall. Indeed, as the ONS reported [...]
- Global| Sep 09 2006
July Industrial Production Expands in Germany & Hungary; Industry Remains Pillar of Growth
We hear so much about the development of industry in various Asian nations that it's sometimes easy to think that industry elsewhere is shriveling up and fading away. This is hardly the case, as a quick look at new production data for [...]
- Global| Sep 08 2006
Canada Labor Market Pause into 3rd Month
In August, Canadian labor markets extended into a third month their correction of the May employment spike, as shown in StatCan data reported this morning. Employment fell by 16,000 in August, after two consecutive decreases of 5,000. [...]
- Global| Sep 06 2006
How Much Does It Cost To Produce Heat?
There's a nip of autumn in the air in the New York region, and that change in the weather begins to shift our attention from the price of gasoline to heating fuel costs. Haver has three new databases that help us assess "how much it [...]
- Global| Sep 01 2006
Commodity Prices Moderate in Australia After Explosion in Metals Sector
The Reserve Bank of Australia reported today its commodity price index for August. The overall index fell 0.8% from July in Australian dollar terms and rose 0.7% in US dollars. From a year ago, the A$ total is up 20.7%, and 20.8% in [...]
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