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Banks amass $2.4trn hoard of bonds as BofA leads rush

  Bloomberg If the world’s biggest economy is really on the upswing, then why are America’s banks stockpiling a record amount of ultrasafe bonds? After all, jobs are back, the Federal Reserve is close to raising interest rates again and growth has perked up after a sluggish first half. But instead of ramping up lending to keep up with deposits, ...

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Clinton would face a foreign policy two-step

  With most election forecasts pointing towards a victory for Hillary Clinton, her top advisers are beginning to think about how to stabilize a world that has been rocked by the U.S presidential campaign and by recent reversals for American power. The paradox for the Clinton team, if it wins, will be how to signal continuity with an Obama administration ...

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Central banks face similar constraints

  The central banks of Japan, the U.K., and the U.S. will hold policy meetings this week. These three systemically important institutions are inclined to implement new policy measures, albeit different ones. Yet all three may end up keeping their policy stance as is. Their individual and collective dilemmas illustrate the current policy funk facing the global economy, as well ...

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