The quip in our title isn't universally applicable, but it does describe some housing market behavior in the last few years. On Monday, our colleague Bob Brusca brought us up to date on existing home sales; he interpreted these data [...]
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
We fret over the Japanese economy: is it improving or not? Is it finally breaking out of 1990s stagnation enough so that deflation will go away? We're never quite sure. So when one figure is favorable, even by a little bit, we tend to [...]
The South African economy is moving ahead vigorously, according to Q1 GDP data released yesterday by the South African Reserve Bank. Growth actually slowed to "just" 4.7% from Q4 at an annual rate, following 5.6%. Year-on-year growth [...]
Global| Jun 21 2007UK, Euro-Zone Industrial Surveys Show Improvement in June
Industrial activity in Europe and the UK is showing signs of picking up. Surveys for June released this morning by the Confederation of British Industry and NTC Economics both indicate improvements. The report from NTC is a new one. [...]
- Global| Jun 20 2007
European PPIs: Energy Hits Early in Germany and Relief Is Already Evident; Estonia and Slovenia Postpone Impact, [...]
Several European countries today reported their PPI data for May. After considerable upward pressure during 2005 and 2006, Germany has experienced some relief that began last autumn. For May, the total PPI was up 0.3%, following just [...]
- Global| Jun 20 2007
European PPIs: Energy Hits Early in Germany and Relief Is Already Evident; Estonia and Slovenia Postpone Impact, [...]
Several European countries today reported their PPI data for May. After considerable upward pressure during 2005 and 2006, Germany has experienced some relief that began last autumn. For May, the total PPI was up 0.3%, following just [...]
- Global| Jun 13 2007
Brazil's Q1 GDP Growth Eases, but Remains Surprisingly Buoyant; Fixed Investment Leads
Q1 GDP in Brazil grew 3.1% from Q4 (seasonally adjusted) and 4.3% from the year earlier. This represents a modest slowing from recent performance, as the 3.1% follows 12 quarters that averaged 4.4%. Still, the Brazilian economy looks [...]
- Global| Jun 08 2007
Turkish Industrial Production Pauses after Earlier Surge; National Economy Expanding and Diversifying
Industrial production in Turkey has declined in the last two reported months, but those follow a very strong performance in February. In total, IP dropped 1.9% and 3.4% in April and March, respectively, while it surged 6.4% in [...]
- Global| Jun 07 2007
Slight Relief for Gasoline Prices as Inventories Loosen. But What Is Happening to West Texas Intermediate?
As prices are sustained at stratospheric levels, we're all learning the mechanics of gasoline production. Special conditions that matter little at $1.00/gallon become significantly more important at $3.00. It's also hard to know what [...]
- Global| Jun 06 2007
Australia GDP Up 1.6% in Q1; Best Quarter in 3 Years
Australian GDP grew 1.6% in Q1, up from 1.1% in Q4 and the strongest quarter since Q4 2003. This compared with 1.3% expected in one major forecast survey. Year-to-year growth was 4.0%. Data for Australia are contained in Haver's ANZ [...]
- Global| May 30 2007
Japan's Labor Market Looks Its Best in Several Years, but Industry May Have Lost Steam
Which data are telling the better story in Japan? Production or the labor market? Today's industrial production report continues the theme of "relapse" that Bob Brusca was talking about here on May 15. Total industrial production fell [...]
- Global| May 25 2007
Bank Loan Delinquencies & Charge-Offs Increase in Q1, But Remain Lower than During Last Recession; Great Variation [...]
The Federal Reserve released commercial bank "loan performance" data for Q1 2007 late yesterday, May 24. This information includes the dollar amounts of delinquent loans and loan charge-offs, which are taken as percentages of bank [...]
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