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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
LOS ANGELES (MarketWatch)
Japan's industrial production took an unexpectedly
sharp drop in June, falling a seasonally adjusted 3.3% from May though
manufacturers offered an upbeat outlook for the current month, the Ministry of
Economy, Trade and Industry reported
The decrease in output, swinging
from a revised 1.9% gain in May, trailed expectations for a 1.7% drop, according
to a Dow Jones Newswires survey
A fall in production of transport equipment,
including autos, led the decline, followed by eletronics and machinery, the
ministry said
However, a survey of manufacturers raised their forecast for
July's industrial production to a rapid gain of 6.5%, up from 3.3% projected in
last month's survey
In May, the survey -- produced by the ministry -- had
tipped output to fall 2.4% in June
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