European policymakers are working on "last chance" options to bring Greece's debts down and keep it in the euro zone, with the ECB and national central banks looking at taking significant losses on the value of their bond holdings, officials said.
While most of the world's central banks are still fighting the last war, Sweden's Riksbank has moved on to the next one. Rather than looking at conventional inflation gauges, the world's oldest central bank is basing its actions on asset-price growth in an effort to prevent the next bubble.
The very rich have begun to hedge what they see as a dangerous financial world by buying gold -- in some cases literally by the ton. Recent reports show that several banks have begun advising their wealthiest individual clients put as much as 10% of their assets into the precious metal.