The U.S. Consumer vs. The Thrifty Scots

by Marilou Long on September 9, 2014

in currencies,Economic Indicators,Foreign Markets,Geopolitical

The U.S. markets remain near record levels due to decent domestic economic data and geopolitical uncertainty abroad.  Consumer borrowing in July rose $26 billion, the most since November 2001.

On the other side of the pond, the pound sterling and the euro have been falling due to both weaker economic activity and the upcoming vote on Scottish independence.  The relative strength of the U.S. dollar has lured money into our market.  The linked article is a good summary of the issues surrounding Scotland breaking free of Great Britain.

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