Europe’s Banks Just Sent a MASSIVE Warning to The World

Historic bond buying by European banks kept up again in February. The two-month binge is only surpassed by April and May 2020.  At the same time, no lending to speak of, banks being totally defensive despite rate cuts. The implications are enormous given the background for 2025. Eurodollar University's Money & Macro AnalysisYou can watch the replay of our last webinar going over the various scenarios for the global economy: https://event.webinarjam.com/go/replay/27/n0rnxu71sp7b8nb1Eurodollar University's one-time webinar offer for its subscriptions and memberships:https://www.eurodollar.university/webinar-offerECB The euro area bank lending survey - Fourth quarter of 2024https://www.ecb.europa.eu/stats/ecb_surveys/bank_lending_survey/html/ecb.blssurvey2024q4~e1ddae0f19.en.htmlECB Past Macroeconomic Projectionshttps://www.ecb.europa.eu/mopo/devel/ecana/html/table.en.htmlECB Using corporate earnings calls to forecast euro area labour demandhttps://www.ecb.europa.eu/press/economic-bulletin/focus/2025/html/ecb.ebbox202502_04~3283f1bc62.en.htmlBloomberg ECB’s Escriva Says Downside Risks Are Outweighing Upside Riskshttps://www.bloomberg.com/news/articles/2025-03-24/ecb-s-escriva-says-downside-risks-are-outweighing-upside-risksBloomberg ECB Rate Cuts Are Neither Finished Nor Automatic, Villeroy Sayshttps://www.bloomberg.com/news/articles/2025-03-25/ecb-rate-cuts-are-neither-finished-nor-automatic-villeroy-saysBloomberg Stournaras Says Everything Points to April ECB Cut: Econostreamhttps://www.bloomberg.com/news/articles/2025-03-21/stournaras-says-everything-points-to-april-ecb-cut-econostreamBloomberg Lagarde Says Uncertainty Means ECB Can’t Commit on Rateshttps://www.bloomberg.com/news/articles/2025-03-20/lagarde-says-rising-uncertainty-means-ecb-can-t-commit-on-rateshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU