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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
FRANKFURT (MarketWatch)
Britain's manufacturing downturn deepened in
September, with the Markit/CIPS purchasing-managers' index for the sector
falling to 48.4 from 49.6 in August, data showed Monday Economists had forecast
a reading of 48.5
A figure below 50 indicates a contraction in activity
"The
survey data are consistent with manufacturing output falling sharply, at a
quarterly rate in excess of 1% in September
At that pace, the sector could
dampen economic growth severely and keep the economy in recession," said Chris
Williamson, chief economist at Markit
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