Postcards: Uh... Oh... They Broke Something

Markets don't just recover like this. There's a lot of central bank chatter right now, and that's what's giving us this monetary boost.

Dear Fellow Expat:

One afternoon, young girl - let’s call her “Amelia” - wandered into her father's office.

It was a forbidden zone, a place filled with serious-looking books, blinking screens, and expensive doodads.

Her eyes fixed on a shiny snow globe - the one that had the famous Chicago skyline inside.

It was a memento… a gift from her aunt to her brother.

It seemed to whisper, “Don’t touch, Amelia.”

Naturally, Amelia touched it.

One clumsy grab later, the globe hit the floor, shattering into a mess of water, glitter, and instant regret.

Thinking fast, Amelia set to work on a hasty cover-up.

A little mopping… some strategic rearranging there… a few pushes of remaining glass under the rug. That’s it… she’d convinced herself she’d turned the disaster into the perfect coverup.

Of course, her father would notice eventually.

But Amelia had learned an important lesson—one that plenty of central bankers had learned the hard way, too: when you break something valuable, the first move isn’t to…