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 [...]
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| Nov 23 2007UK Banks Sharply Restrain MortgageLending in October
Japan's trade balance widened in October, slightly from September and more noticeably from a year ago. The October surplus was ¥1,073 billion, up from ¥1,051 billion in September and ¥933 in October 2006, all calculated from the [...]
- Global| Nov 16 2007
Foreign Investors Renew Commitment to US Markets, Albeit Limited, According to New TIC Data
After their exodus from US financial markets in August, foreign investors returned in September with moderate net purchases of US long-term securities. These totaled $26.4 billion, compared with August's $70.6 billion liquidation [...]
- Global| Nov 15 2007
Kazakhstan's Oil and Metals Exports Bring Revenue for Investment Spending
The Kazakhstani economy is growing rapidly, benefiting from strong oil revenues. New data on trade through September indicate a sizable surplus, owing much to oil and gas exports. Further, separate data on fixed capital investment [...]
- Global| Nov 14 2007
Fed's Loan Officer Survey Shows Drastic Tightening of Mortgage Lending, Weakening of Banks' Mortgage Demand
This past spring, as disruptions in the residential mortgage market became more severe, the Federal Reserve's Division of Monetary Affairs revised some of the relevant questions on its quarterly Senior Loan Officer Opinion Survey. [...]
- Global| Nov 09 2007
Michigan Consumer Sentiment in Full Retreat
The University of Michigan's consumer sentiment index fell 5.9 points in early November to 75.0 from October's 80.9. This was a 7.3% drop, almost as large as August's 7.7%, and the fourth consecutive month without an increase. [...]
- Global| Nov 07 2007
Turkey Foreign Trade Volumes Moderate in September, While Sustaining Double-Digit Year/Year Growth
Turkey's economic fortunes currently are tied to their export activities. Through Q2 2007, GDP was up 3.9% from a year ago, while exports of goods and services according to the national accounts definition were up 12.7% in 1987 [...]
- Global| Nov 01 2007
Australian Economy Remains Strong, But Strong A$ May Already Be Generating Some Restraint
The deficit in Australia's trade in goods and services increased further in September as exports declined and an accompanying decline in imports was smaller. The overall deficit was A$1,862 million, up from A$1,665 million in August [...]
- Global| Oct 31 2007
U.S. Employment Cost Index Moderates to 0.8% Quarterly Increase
The employment cost index slowed to an 0.8% advance for private industry workers in Q3, compared to 0.9% in Q2 and a Consensus forecast of 0.9%. Wage and salary growth held at the 0.8% quarterly pace seen in Q2, with the year/year [...]
Spain's National Institute of Statistics reported Q3 labor force data today. Their formal term is "Economically Active Population Survey" or EAPS. Employment in this survey rose 143,300 from Q2 to 20.511 million workers, up 3.1% from [...]
- Global| Oct 25 2007
Freight Charges Skyrocket; Baltic Indexes Surge to Records
"Cost, insurance and freight" is an expression to describe the value of imports. The vast majority of the time, the "insurance and freight" portion amounts to a statistical discrepancy, used, at least by economists, merely to [...]
- Global| Oct 24 2007
Existing Home Sales Drop 8% in September; All Regions Feel the Pain
Oh, my. A month ago here, Robert Brusca made a fairly calm assessment of home sales in most of the country. "...holding their year-to-year declines to less than 10%" for instance. Only the drop in the West was nettlesome to him. This [...]
- of112Go to 56 page