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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 ****** https://eurodollaruniversity.substack.com/ Eurodollar University's Anniversary Sale https://www.eurodollar.university/sale ****** 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 |