Credit market borrowing amounted to $1,111 billion, seasonally adjusted annual rate, in Q4. This extended a firming trend that lasted throughout 2010; the year cumulated to $736 billion in borrowing, reversing the net paydown of $634 [...]
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 10 2011U.S. Flow of Funds Show Hesitant Gain in Credit Market Borrowing
- Global| Jan 14 2011
U.S. Industrial Production Surges; Utility Output Up with Weather, But Manufacturing Also Gains
U.S. industrial production rose 0.8% in December, following 0.3% in November, which was revised from 0.4%. September and October were both revised upward modestly. The December result compares to a consensus forecast of 0.5%. Year-on- [...]
- Global| Dec 31 2010
Estonia Switches to the Euro
As 2011 begins, the Baltic nation of Estonia will join the Euro Area, becoming the 17th country to use the euro currency. The last country to adopt the currency was Slovakia at the beginning of 2009. This event marks the retirement of [...]
- Global| Dec 31 2010
Estonia Switches to the Euro
As 2011 begins, the Baltic nation of Estonia will join the Euro Area, becoming the 17th country to use the euro currency. The last country to adopt the currency was Slovakia at the beginning of 2009. This event marks the retirement of [...]
- Global| Dec 30 2010
U.S. Initial Unemployment Insurance Claims Hit 2-1/2-Year Low
Initial claims for unemployment insurance dropped last week to 388,000 from 422,000 during the prior period (revised from 420,000). This was the lowest count since 385,000 on July 12, 2008, and also the first below 400,000 since that [...]
- Global| Dec 30 2010
U.S. Initial Unemployment Insurance Claims Hit 2-1/2-Year Low
Initial claims for unemployment insurance dropped last week to 388,000 from 422,000 during the prior period (revised from 420,000). This was the lowest count since 385,000 on July 12, 2008, and also the first below 400,000 since that [...]
- Global| Dec 23 2010
U.S. New Home Sales Recover Some as Prices Climb Back into Previous Range
Thin markets often behave erratically. So it is these days with home sales as well as with financial assets. Total new home sales rose to 290,000 SAAR in November from 275,000 in October, revised from 283,000. This volume change, at [...]
- Global| Dec 23 2010
U.S. Durable Goods Orders Still Mixed Through November
The mixed pattern of durable goods orders continued through November. Total orders fell another 1.3%, following October's 3.1% drop. But apart from transportation, they were up 2.4%, reversing the 1.9% decline in October, which itself [...]
- Global| Dec 10 2010
Marked Decrease in U.S. Trade Deficit in October
The U.S. foreign trade deficit narrowed markedly to $38.7B in October from $44.6B in September (revised from $44.0B). Consensus forecasts had looked for a result unchanged from September. Both exports and imports contributed to the [...]
- Global| Dec 09 2010
Credit Market Borrowing Regains Some Strength, But Bank Lending Still Contracting
Credit market borrowing grew $1,062 billion, seasonally adjusted annual rate, in Q3, almost twice as strong as Q2's $549 billion and the first push above $1 trillion since the market implosion in late 2008. These data are from the [...]
- Global| Dec 09 2010
U.S. Initial Unemployment Insurance Claims Down 17K
Initial claims for unemployment insurance fell back last week to 421,000 from 438,000 during the prior period (revised from 436,000). The trend level continued downward as the four-week moving average fell to 427,500, yet another new [...]
- Global| Dec 03 2010
U.S. Factory Shipments & Inventories Continue To Throw Off Mixed Signals
As indicated by the advance report on durable goods industries last week, the total manufacturing sector appears to have lost some momentum in the last few months through October. Shipments of manufactured goods rose just 0.3% in [...]
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