House prices are strong in the UK. Today's Halifax [HBOS] data show an 11.2% advance for March over a year ago, with a 1.1% rise in March alone. Both new and existing homes are experiencing the same general pattern, with new houses [...]
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| Apr 04 2007India Balance of Payments Sees Dynamic Trade and Investment Flows, with Record Reserve Accumulation in 2006
India's balance of payments shows an unusual amount of two-way flow in both current and financial accounts. In Q4 2006 this encompassed a variety of distinctive movements. The trade deficit widened, continuing to confound many [...]
- Global| Mar 30 2007
Euro-Zone Confidence Gains to Best Levels in 6 Years; Unemployment Reaches Record Low
We've been talking about the improving economic conditions in Europe, and today the EC reported still more evidence. On a day when US consumer sentiment was reported to be down again, that in Europe improved, and the overall [...]
- Global| Mar 29 2007
Gasoline Prices "Spring Ahead"
Gasoline prices have started to rise again in earnest. In the week ended last Monday, March 26, regular gasoline was $2.61 a gallon, up 3.7 cents on the week and 22.7 cents from four weeks ago. From the same week a year ago, the price [...]
- Global| Mar 28 2007
German CPI Picks Up, Pushed by Energy and Non-Energy Factors
CPI inflation in Germany increased 0.3 percentage point this month to 1.9% (year/year % change) from 1.6% in February. A year ago this broad measure was 2.1%. In between, as is evident in the first graph, the German CPI held near a 2% [...]
- Global| Mar 23 2007
Land Values Increase in Japan First Time in 16 Years: Is Long Drought in Japanese Real Estate Finally Over?
Prices of land in Japan rose 0.4% from January 1, 2006, to January 1, 2007, according to a report issued late Thursday in Japan by the Ministry of Land, Infrastructure and Transport. This is the first increase in land prices since the [...]
- Global| Mar 22 2007
South Africa Retail Sales Pick Up; Construction Activity and Vehicle Sales Also Show Gains
Retail sales in South Africa grew 9.4% in constant 2000 prices in January from a year ago, a resumption of stronger growth after December's gain slowed to 6.7%. For all of 2006, sales were up 9.6%. In current prices, they rose 15.6% [...]
- Global| Mar 22 2007
South Africa Retail Sales Pick Up; Construction Activity and Vehicle Sales Also Show Gains
Retail sales in South Africa grew 9.4% in constant 2000 prices in January from a year ago, a resumption of stronger growth after December's gain slowed to 6.7%. For all of 2006, sales were up 9.6%. In current prices, they rose 15.6% [...]
- Global| Mar 21 2007
Canada's Retail Trade Eases in January after Big December Gain; Western Provinces Show Strength While Ontario Is [...]
Retail trade in Canada eased 0.2% in January after surging 2.2% in December. The result year-on-year was up 4.9%, a bit slower than the overall gains during 2005 and 2006. However, the January decline was concentrated in the [...]
- Global| Mar 21 2007
Canada's Retail Trade Eases in January after Big December Gain; Western Provinces Show Strength While Ontario Is [...]
Retail trade in Canada eased 0.2% in January after surging 2.2% in December. The result year-on-year was up 4.9%, a bit slower than the overall gains during 2005 and 2006. However, the January decline was concentrated in the [...]
- Global| Mar 16 2007
World Oil Consumption Reaches Record 87 Million Barrels/Day; Developing Country Share Expands
There are 86,400 seconds in a day: 24 hours x 60 minutes x 60 seconds. In February, according to the Oil Market Intelligence publication of industry consulting firm Energy Intelligence, the world consumed 87,069 million barrels of [...]
- Global| Mar 15 2007
February Eurozone HICP Holds at 1.8% Yr/Yr; Core Picks Up to 1.9% with Widespread Gains
Consumer prices in the Eurozone rose 1.8% in February from a year ago, the same as in January and 0.1% below December. In February 2006, the year-on-year change was 2.3%, boosted by strong energy gains. In the most recent months, [...]
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