Unemployment is falling in Europe. With the notable exception of the UK, unemployment rates are moving lower in most European countries. In May, the rates in Germany and France were both at their lowest since late 2002. Today, 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| Jul 27 2006Low Unemployment in Nordic Countries
- Global| Jul 26 2006
UK CBI Industrial Trends Survey Yields Mixed Picture
Yesterday, Louise Curley wrote about improving business confidence in three European nations, France, Italy and the Netherlands. In the UK the situation is somewhat ambiguous, according to the July survey of the Confederation of [...]
- Global| Jul 20 2006
UK GDP: Unexpected Pick-Up in Q2 Growth
GDP growth in the UK ticked up to 0.8% in Q2 from 0.7% in Q1. The initial report of Q1 in late April was 0.6% so interim revisions were upward, with history also somewhat stronger than was thought at that time. This "preliminary" [...]
- Global| Jul 20 2006
Egypt's Current Account Surplus Boosted by Large Canal Tolls, Tourism and Petroleum; Direct Investment Gains
The Central Bank of Egypt today reported its balance of payments array for Q1 2006. The current account surplus increased to $934 million from $801 million in Q4 2005, although it was a bit smaller than Q1 2005 at $995 billion. For [...]
- Global| Jul 19 2006
Building Plans Moderate in South Africa, but Recent Strength Puts Plans Well Ahead of Completions
As the following charts and table illustrate, there's been something of a building boom in South Africa. Over the last few months, however, some areas of construction have been slowing. Statistics South Africa reported today that [...]
- Global| Jul 14 2006
Bank of Japan Raises Key Interest Rates
The Bank of Japan announced a policy change today (Friday). The best way to describe it is to quote the Bank's own text:"At the Monetary Policy Meeting held today, the Bank of Japan decided, by a unanimous vote, to change the [...]
- Global| Jul 13 2006
June CPI Stays Low in France & Germany
We continue to marvel at the low non-energy inflation rates in many countries. Today, June CPI was reported by two major countries, France and Germany, and the year-on-year pace excluding energy remains quite modest in both. For [...]
In the April accounting period for the UK labor force survey (3-month average, March through May) employment gave up some of its prior periods' gains. It had done nicely for the five month-to-month readings beginning in November, [...]
- Global| Jul 07 2006
Chile & Copper: Higher Prices Boost Exports & Trade Balance
The recent construction boom in the US and accelerated economic development in China, India and other countries have increased demand for and prices of copper, which is by far the main export of Chile. In trade data reported today and [...]
- Global| Jul 06 2006
Mortgage Equity Withdrawal Stages Partial Recovery in Both US and UK; UK House Prices Moderating
Mortgage equity withdrawal in the UK picked up in Q1, according to data reported today by the Bank of England. It came to £12,509 million, up from £12,121 million in Q4 and £6,478 million in the year-ago period. The Bank of England [...]
- Global| Jul 05 2006
High & Dry: June Temperature Near Record and Rainfall Well Below Average
The national average temperature in June was 71.4°F, up 1.8° from last June and 2.25° higher than the average of the last 86 years. In that 86- year span, only 1933 saw a higher June figure, 72.0°, although several years have been [...]
- Global| Jul 03 2006
Japan's "TANKAN" Steady at Higher Readings; High Investment Forecast Adds to Expectations of Hike in BoJ Interest Rate
We've haven't commented on the Bank of Japan's TANKAN report since December, so even though we just talked about Japan's employment data on Friday, this information bears examination promptly as well. Large manufacturing firms, the [...]
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