The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Dow, S&P 500 end lower for 7th in 8 sessions

NEW YORK (MarketWatch)
U.S. stocks declined Monday after retail sales fell in June for a third month, though stock indexes closed off their lows as the euro improved against the dollar
The Dow Jones Industrial Average fell 49.88 points, or 0.4%, to 12,727.21
The S&P 500 inde declined 3.14 points, or 0.2%, to 1,353.64
The Nasdaq Composite lost 11.53 points, or 0.4%, to 2,896.94
"There is worry about the China demand story and then we have a game of chicken between Congress and the fiscal cliff, and then there's is [Federal Reserve Chairman] Ben Bernanke and monetary policy, knowing he can't do it all by himself," said Art Hogan, a managing director at Lazard Capital Markets

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