Formación Académica y Profesional
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive
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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 credit declined in July for the first time in 11 months as Americans turned to their plastic less and as growth in student loans cooled, according to data released Monday
Consumer credit fell at a seasonally adjusted annual rate of 1.5% to $2.71 trillion, the Federal Reserve said
Revolving debt like credit-card borrowing fell for the second month with a 6.8% slide
But the larger nonrevolving category like auto and student loans saw a slowing of the growth rate, down to just 1% from 9.8% in June
The Fed also made a substantial upward revision of data from December 2010 onwards, with June growth reaching 5.3% from a previously reported 3% and May growth of 8.7% from a previous estimate of 7.8%
June's level of credit was revised up to $2.71 trillion from $2.58 trillion
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