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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs
WASHINGTON (MarketWatch)
An index that meaures business conditions in the
Chicago region fell in May to the lowest level since September 2009
The Chicago
Business Barometer dropped 3.5 points to a seasonally adjusted 52.7 in May from
56.2 in April, according to the Chicago Purchasing Managers
While any number
above 50 signifies that businesses are still expanding,
the Chicago PMI has
fallen three straight months.
The production index fell 7.1 points, following a
11.5 drop in April
New orders declined 4.5 points to 52.9.
The compilers of the
report noted that three consecutive declines in the monthly PMI or the
three-month rolling average have occurred before each of the last seven
recessions, with a lead time of about six to eight months
The rolling average
has only fallen two straight months, however.
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