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José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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U.S. consumers increased their debt in April by a seasonally adjusted $6.5 billion, the smallest increase since last October

WASHINGTON (MarketWatch)
U.S. consumers increased their debt in April by a seasonally adjusted $6.5 billion, the smallest increase since last October, the Federal Reserve reported Thursday
This is the eighth-straight monthly gain in consumer borrowing
The increase in April was just more than half of the roughly $11 billion gain expected by Wall Street economists
The report also includes revisions to reflect improvement in methodology and a review of the source data, according to the Fed
Credit growth in March was revised to a gain of $12.4 billion, compared with the initial estimate of $21.3 billion
All of the increase in April came from nonrevolving debt such as auto loans, personal loans and student loans - with these three categories combined for a $10 billion jump
Credit-card debt fell by $3.4 billion in the month after a $3.7 billion increase in March

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El Genio dijo...

Rosengren (Fed): aumentan riesgos económicos
Los riesgos para las perspectivas económicas y financieras del mundo están volviendo a crecer y afectan el comportamiento de los hogares y las empresas, dijo el jueves un alto funcionario de la Reserva Federal de Estados Unidos. Eric Rosengren, presidente de la Reserva Federal de Boston, no hizo ningún comentario específico sobre economía o política monetaria. La semana pasada, hizo un llamado para que el banco central estadounidense tome más medidas para impulsar el débil crecimiento y el desempleo.