The ECB's latest Bank Lending Survey (BLS) adds more evidence to the behavior we've already been chronicling from among Europe's and the world's financial institutions. They are increasingly negative on especially consumers. We know what that means, too: jobs.
Eurodollar University's Money & Macro Analysis
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https://eurodollaruniversity.substack.com/
Eurodollar University's Anniversary Sale
https://www.eurodollar.university/sale
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ECB Second Quarter 2025 Bank Lending Survey https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.pr250722~17414c3656.en.html
World Bank Global Economy Set for Weakest Run Since 2008 Outside of Recessions
https://www.worldbank.org/en/news/press-release/2025/06/10/global-economic-prospects-june-2025-press-release
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
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