European Banks Are NOT Lending Anymore (Here's What That Means For The Global Economy)

European banks have added a massive amount of government bonds to their holdings. At the same time, they refuse to lend into the real economy. Europe's depositories are hardly alone as we see the same defensive behavior all over the global system. There is only one reason why they all have become so incredibly defensive. Eurodollar University's conversation w/Steve Van MetreWEBINAR DEC 11 w/Jim RickardsSign up: https://event.webinarjam.com/register/26/x671pimlBlack Friday/Cyber Monday Sale at Eurodollar Universityhttps://www.eurodollar.university/black-fridayhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU