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Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
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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)
Consumer spending in the U.S. fell slightly in May
and was revised downward in April, according to the latest government data
Spending declined by less than 0.1% last month, the Commerce Department said
Friday
And spending for April was revised down to a 0.1% increase from an
original 0.3% gain Personal income, meanwhile, rose 0.2% in May, while
disposable income adjusted for inflation climbed 0.3%, reflecting a decline in
energy costs
Economists surveyed by MarketWatch had forecast no increase in
spending and a 0.2% rise in personal income
Since incomes rose faster than
spending, the personal savings rate rose to 3.9% from 3.7%
Also in May,
inflation as gauged by the PCE price index fell 0.2%
Excluding food and energy,
the price index rose 0.1%
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