Argentina's economy continues to expand, as Q3 GDP grew 2.9% (quarterly rate), a tenth consecutive quarter of growth after the 2001-2002 contraction and devaluation. In peso terms, real GDP is back now very near its prior peak; in Q3, [...]
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 had broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securities, 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 was 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 conducted 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 had a PhD from NYU's Stern School of Business. She lived in Brooklyn, New York, and had a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Dec 17 2004Argentina Recovery Continues
- Global| Dec 16 2004
Japan Financing Trends Remain Favorable, Despite Q3 Decline
The Bank of Japan today reported third quarter flow-of-funds for the Japanese economy. These data, as other recent Japanese statistics, showed some positive economic tendencies. Use of credit is trending higher. A turnaround in [...]
- Global| Dec 15 2004
Japan "TANKAN" Eases in Q4, but Still Better Than Forecast
In the December TANKAN Survey, released today by the Bank of Japan, large Japanese manufacturers reported their overall business conditions at +22, off from September's +26 rating, but slightly more than the +21 they had forecast for [...]
- Global| Dec 10 2004
Turkish GDP Falls, but Inflation Below 10% for a Second Quarter
GDP in Turkey, published today by the State Institute of Statistics, fell by 6.3% in Q3. This is the steepest quarterly decline since 1994; however, by itself, the drop would seem little cause for alarm. The Turkish economy is very [...]
- Global| Dec 08 2004
Revisions Bring Modestly Lower Japanese GDP Growth; Data Now Chain-Linked, Rebased to 2000
Revised data for Japan's Q3 GDP were reported today by the Cabinet Office. This is the usual "second preliminary" report, but it also included the previously announced shift to chain-linking and the rebasing from 1995 to 2000. Now, [...]
- Global| Dec 03 2004
November Has Average Temperature in US, But Lots of Rain
Such a simple concept: the weather. But what an effect it can have, on economic activity and other aspects of life. The National Climatic Data Center, an office in the Commerce Department, maintains weather data for the US and many [...]
- Global| Dec 02 2004
German Unemployment Up; Spain's Comes Down
The unemployment rate in Germany rose to 10.8% in November, the highest in almost six years, since December 1998. The number of people unemployed rose 7,000 in the month, an increase of 2.2% from November a year ago. At the same time, [...]
- Global| Dec 01 2004
European Manufacturing Slows; Oil Price & Strong Euro Blamed
The PMI Index for Euro-Zone manufacturing edged down almost 2 points in November and at 50.42, is barely above the 50% expansion threshold. Output and new orders both weakened. The PMI surveys in Europe and a number of other countries [...]
- Global| Nov 24 2004
SUV Demand Drives Up Energy Prices?
In the five weeks since we have written about the US energy market, prices have eased somewhat. Gasoline, at $2.03/gallon retail in mid-October, has fallen back below $2.00 the past two weeks. Crude oil peaked at $55.23/barrel on [...]
- Global| Nov 19 2004
Chain-Linking Comes to Japan's GDP Accounts
The Cabinet Office of the Japanese Government announced yesterday that it would shift GDP calculations to chain-weighting beginning with the release of revised Q3 data on December 8. It will also switch the reference year from 1995 to [...]
- Global| Nov 18 2004
Unemployment Rates Down in Hong Kong & Sweden
Hesitant improvement are evident in labor market conditions reported today by two widely disparate areas, Hong Kong and Sweden. Both have undergone economic "adjustments" over the last couple years, but it now looks that both are [...]
- Global| Nov 17 2004
Net Foreign Purchases of Securities in US Market Increase in September; Japanese Pullback Offset by UK, Others
Net purchases of securities by foreign investors in US markets picked up slightly in September, reaching $63.4 billion, after a dip to $59.9 billion in August. Foreign investor participation in US capital markets is thus running [...]
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