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Banks are in full-on defensive mode, GDP is in a huge and growing hole, and central bankers are realizing they're stuck no matter what. The end of last year for Europe stands as a stark warning that this global transition remains far from over with - even after two years of it already. Eurodollar University's Money & Macro Analysis ECB statement https://www.ecb.europa.eu/press/pr/activities/mopo/html/index.en.html Bloomberg ECB Cuts Rates for Fifth Time as Euro-Zone Economy Flatlines https://www.bloomberg.com/news/articles/2025-01-30/ecb-cuts-rates-for-fifth-time-as-euro-zone-economy-flatlines Bloomberg Traders’ ECB Rate Cut Bets Fuel Biggest Yield Drop in Two Months https://www.bloomberg.com/news/articles/2025-01-30/german-two-year-yields-slump-as-traders-boost-ecb-rate-cut-bets https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |