The Eurozone bear case seems to finally be playing out but what is the current state in Europe? Bleak and divided are two words that spring to mind.
Global trade is shifting and the US economy is still going strong but the dynamics are changing as are the times. How will global macro likely change as a result?
With the recent drop in house lending in the Eurozone, we take a closer look at how exposed European consumers and corporations actually are to further interest rate hikes. A teaser: It doesn’t look particularly great.