Initial claims for unemployment insurance fell last week to 432,000 from 445,000 during the prior week. Consensus expectations had envisioned a slightly smaller decrease. Claims for both last week and the week before were revised [...]
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| Aug 20 2008Reduced Oil Demand Is Pushing Down on Prices
The recent price declines in oil and other energy products have been noticeable (see graph) and welcome, giving evident support to the stock market and consumer sentiment. In the U.S., the moving force in petroleum prices has been [...]
- Global| Aug 20 2008
Mortgage Applications Edge Lower; Credit Spreads Evince High Risk
Mortgage applications fell 1.5% in the week ended August 15, following a like decline the week before, together basically erasing a 2.8% increase in the August 1 week. This "Market Composite Index" stood at 419.3 in the latest week, [...]
- Global| Aug 20 2008
Mortgage Applications Edge Lower; Credit Spreads Evince High Risk
Mortgage applications fell 1.5% in the week ended August 15, following a like decline the week before, together basically erasing a 2.8% increase in the August 1 week. This "Market Composite Index" stood at 419.3 in the latest week, [...]
- Global| Aug 19 2008
U.S. PPI Up 1.2%; Big Increases Widespread
Producer prices continued strongly higher in July, with the total index up 1.2% after June’s outsized 1.8%, and the core up a substantial 0.7%, considerably more than June’s 0.2%. Forecasts for the total index centered around 0.6% and [...]
- Global| Aug 19 2008
U.S. Housing Starts Sag Back to Low
After Junes phantom jump in housing starts, which owed completely to a building code change in New York, they fell back in July by 11.0% to just 965,000 (S.A.A.R.). This was the lowest since 921,000 in March 1991. This month, both [...]
- Global| Aug 19 2008
U.S. PPI Up 1.2%; Big Increases Widespread
Producer prices continued strongly higher in July, with the total index up 1.2% after June’s outsized 1.8%, and the core up a substantial 0.7%, considerably more than June’s 0.2%. Forecasts for the total index centered around 0.6% and [...]
- Global| Aug 18 2008
Home Builders' Survey Shows Tentative Signs of Stabilization
The National Association of Home Builders reported a stable performance in its Housing Market Index (HMI) for August, albeit at the index’s all-time low of 16, first seen in July. It stood at 22 this time last year and averaged 19 for [...]
- Global| Aug 18 2008
Home Builders' Survey Shows Tentative Signs of Stabilization
The National Association of Home Builders reported a stable performance in its Housing Market Index (HMI) for August, albeit at the index’s all-time low of 16, first seen in July. It stood at 22 this time last year and averaged 19 for [...]
- Global| Mar 21 2008
Nonbank Dealers Borrow $29 Billion from the Fed
You can't say the Fed isn't trying. And if the current credit crisis situation turns into something far worse, it's unlikely that historians a generation from now will be able to blame the Fed's present efforts, as they can with the [...]
- Global| Mar 21 2008
Nonbank Dealers Borrow $29 Billion from the Fed
You can't say the Fed isn't trying. And if the current credit crisis situation turns into something far worse, it's unlikely that historians a generation from now will be able to blame the Fed's present efforts, as they can with the [...]
- Global| Nov 23 2007
UK Banks Sharply Restrain Mortgage Lending in October
The British Bankers' Association (BBA) this morning reported significant declines in mortgage lending activity for October. These data cover the nine members of the "Major British Banking Groups", which account for some two-thirds of [...]
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