Postcards: The Never-Ending Bailout

We all knew that one guy. For major banks... his name is Jerome.

Dear Fellow Expat,

We all knew that one kid growing up.

For me, it was a guy named Ryan.

We thought he was “lucky” - a storage for horseshoes.

It turns out that it was just that his parents made problems disappear like magic.

Smash a car? A new one soon appeared in the driveway.

Academic troubles? The school was gifted a new computer lab, and junior's grades mysteriously improved.

Fired from a job?

Turns out his father's golf buddy had an open position at a hedge fund… even though this guy majored in Turf Management and Keg Stands.

Ryan's actions never had consequences.

Our financial system has a similar relationship with its "enabling parent," the Federal Reserve.

If you’re looking for signs of the next “Big Daddy Bailout” – let’s explore.

Bailout Nation: Understanding QE

The Federal Reserve is America's lender of last resort.

And it has a long history of supporting markets at their darkest points.

However, these bailouts shifted into overdrive during the Great Financial Crisis... and they haven…