Yesterday here, Tom Moeller discussed the Q4 Flow-of-Funds data and highlighted the important role of consumer borrowing during 2005. The release of this enormous body of data permits examination of other parts of consumer balance [...]
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| Mar 09 2006Bank of Japan To Implement "Un-Ease": A Follow-Up
We wrote yesterday in the midst of the monetary policy meeting of the Bank of Japan; we described the voluminous amount of reserves the BoJ has pumped into the banks. As widely expected, the Bank announced that it would reduce this [...]
- Global| Mar 08 2006
Bank Lending "Grows" in Japan; First Time in More Than 9 Years
The Bank of Japan's Monetary Policy Board is in the midst of a two-day meeting that began Wednesday, March 8 and will conclude Thursday, March 9. It is widely expected that the Bank will initiate a shift away from its nearly five- [...]
- Global| Mar 03 2006
Euro-zone Growth Eases to 0.3% in Q4
GDP growth in the Euro-Zone slowed in Q4 to 0.3% from 0.7% in Q3, according to the first full breakdown of Q4 data published this morning by Eurostat. These real growth rates are quoted in chained 2000 euros, adopted as the pricing [...]
- Global| Mar 02 2006
January Retail Trade Gains in 4 Very Diverse Places
Four widely diverse areas reported retail trade today for January. Generally, these reports indicated some strength. In Hong Kong, for example, sales were up 11.6% over a year ago, extending a firmer performance into a second month. [...]
- Global| Feb 24 2006
Brazil GDP Has Mild Rebound in Q4 from Q3 Drop
Brazil's economy expanded 1.4% in Q4 over a year prior and 2.3% for 2005 as a whole. The Q4 result, +0.8% seasonally adjusted, was apparently below some forecasters' expectations, but even so, it represented a turnaround from a 0.9% [...]
- Global| Feb 23 2006
German Ifo Surprises on the Upside, Reaches Highest in Nearly 15 Years
Germany's Ifo Business Climate survey continued and spread the better news about European industry which has been flowing out this week. After a surprisingly good result in January, forecasters expected that the February Ifo index [...]
- Global| Feb 22 2006
Better Manufacturing Sector Prospects in Europe and the UK
Yesterday in this space, Louise Curley noted a "stunning" rise in new orders at French factories in Q4 2005. That commentary followed a similar sentiment about orders in Italy for December, which were reported Monday. Now today, [...]
- Global| Feb 17 2006
Japan GDP Grows 5.5% in Q4; Shows Biggest Yearly Gains in 9 Years
Japan's GDP grew at a 5.5% annual rate in Q4, making three strong quarters during 2005 and bringing the Q4/Q4 growth to 4.2%. Calculations of GDP have changed in recent years, so long history is not available on this same basis, but [...]
- Global| Feb 16 2006
German Employment Falls in Q4; Gain in Public Sector, but Private Sector Jobs Base Has Marked Erosion
Germany's Federal Statistics Office reported Q4 employment data today, classified by industry. These data are an input to German GDP data, due for release next Wednesday, February 22. Early last week (February 7), Louise Curley [...]
Foreign investors sharply reduced their net purchases of securities from US investors in December, according to the US Treasury's monthly Treasury International Capital ("TIC") data reported this morning. Foreigners bought $74.16 [...]
What happens to your balance of payments when there's an earthquake in your country? Your imports rise sharply, but funds will also flow into your country by way of aid and remittances. Pakistan's balance of payments for Q4, reported [...]
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