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Fraser Mackie News Letter 25th August - 1st September

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Fraser Mackie News Letter 25th August - 1st September

  1. 1. WEEKLY NEWSLETTER! ! ! ! ! ! ! ! Issue 34 / Volume 15 August 25 - September 1 The Sanctity of Marriage We have spoken to so many people with broken marriages. It is really so often the case that it almost becomes like a broken record. That being the situation, we decided to do a little research into some of the statistics concerning the so- called ‘sacred institution’. Frankly, we were shocked by what we discovered. First of all, to be married in Europe is becoming increasingly risky. Eight out of the worst ten countries, in terms of the divorce rate, are located in Europe. We weren’t necessarily surprised to hear this especially when we consider the freedoms that we enjoy on this continent. This hard earned freedom apparently applies to other areas as well. Nevertheless it did give us pause for thought. For those interested, Belgium occupies the top spot with a whopping rate of 71%! Can you believe it? With those kind of numbers, what is the point? Why even bother? In Central Europe, the Czech Republic happens to be at merely 66%. Surprisingly enough, the U.S.A has grabbed the tenth spot with a comparatively mild 53%. However you want to look at it, the bottom line is that marriage is not what it used to be. At the same time, we can also assume that many who stay married are unhappy. True love is certainly hard to come by and it almost seems as though people enter the married state with the assumption that divorce is more than possible. In fact it is likely. We hate to be cynical but those are the facts. There are naturally many theories that abound and probably all are worth listening to. However, as far as we are concerned it all comes down to some basic truths. In the Western world, the role of women has changed and evolved over the years. In the 1960’s and 1970’s women became more and more liberated and began to have careers and become more educated and cemented their role in the working world. It pushed men and threatened their previously unchallenged supremacy. And it had a price. Women, who had previously economically depended on men, no longer had this stigma attached and were more able to forge their own life, an independent life with more options. And as women became more independent and liberated, this too applied to their choice of partners and opened what could be referred to as a Pandora’s Box. We are positive that you could make other arguments as well because, after all, there are two sides to any coin. It is an interesting subject and well worth discussing. We welcome any and all points of views and are certainly open to other suggestions. In This Issue: Society: The Sanctity of Marriage Greece: What a Joke! The Markets: Carnage www.frasermackieltd.com
  2. 2. What a Joke! Can you believe the latest in Greece? What are they doing and what are they thinking? We are not politicians (thank God) but, for the life of us, we have no idea what will come next. We all now know that their recently elected Prime Minister, Tsipras, has resigned and has called for new elections. Great! We are filled with confidence! We can only imagine what the powers that be within Europe are thinking. We don’t trust this man and we never did. How could we after all that he has done? He worked behind the scenes and tried to use Putin to gain more leverage. We didn’t like that and we can assume that we are not alone in our thinking. Then, when he had exhausted his options, he called for a referendum. This was done so quickly and in such a way that was so calculated to pass the buck. And now, after all is said and done, he has resigned and left everything up in the air. For the life of us, we will never understand how the Greeks got this additional bailout. We believe that this is absolute CRAP with a capital C. We said it all along and we will never understand. The wrong message is being sent and it is not fair to the rest of the European countries, especially those in precarious financial turmoil. Sometimes it is better to cut ties. As difficult as this may have been, we are absolutely convinced that this would have been the way to go. Not to be too harsh, but with friends like them, one does not need enemies. As far as we are concerned, it will only get worst and it is a terminal situation. We realize that there are those who may disagree with us. We respect their opinion but we remain adamant in our beliefs. Trump Update The train continues to roll and he leads the field. The shock is now over and we are left to deal with the reality of the situation. From our point of view, his appeal lies in the fact that he truly is not a politician. If he was, he would care what people think and act and think accordingly. He has no such constraints and is therefore more appealing than the traditional politician. The truth of the matter is that most of us are sick of the so called ‘professional politician’. We don’t trust them but are forced to deal with them because they often are only choice. Therefore, when someone like a Trump comes out of the woodwork with no agenda and unaffiliated, people can’t help but be attracted to him. For this reason, in spite of his ego and his massive wealth, he will continue to appeal to many. www.frasermackieltd.com
  3. 3. The information contained herein does not constitute an invitation to subscribe or acquire in any way financial products and serves as specialized research information only. It is provided as information only and is not intended to act as a financial promotion. As a general guideline, we do advise, even though we are trying to assure accuracy in our material its content should not be relied upon by you solely without your own independent decision process. If you are unsure about any specific investment decision, you should obtain appropriate expert independent advice. Due to financial markets volatility and unpredictability Fraser Mackie cannot accept responsibilities for continued accuracy of its research material, and or content in perpetuity. The company gives no warranty as to accuracy of the information and accepts no liability for any errors, misprints or omission herein (whether negligent or otherwise). All rights reserved. for quite some time now. We assume that you are nervous and this is understandable. Our advice is to fasten your seat belts and hold on tightly. It could be quite a ride. Conclusions We hope that you enjoyed what we had to say about the institution of marriage. The statistics are probably higher than you might have anticipated; they were for us. As for the Greeks, we are simply disgusted and are left to wonder what will be next. We can assume that it will not be good. It never is. As for our dear Mr. Trump, he continues to astound and amaze us and it doesn’t appear as if he is going away. We actually have to begin to take him seriously. We never thought that it would come to this. Did you? We will, of course, be closely watching the markets and hope for some kind of rebound. We are nervous but can only hope that the recent past and the markets continued resilience will prevail and we can once again see an upward swing. That being said, we now want to take the time to wish you all a great week and sincerely hope that the markets recover and we can once again earn the money that we deserve. Carnage We assume that you all saw what happened to the markets last week. In what amounts to the worst week since 2011, the Dow tumbled by about 900 points on Thursday and Friday. We tend to put a more positive slant on things and we sincerely feel that this was an overreaction. We look for a bounce next week. We also must remember that the markets have shown an incredible amount of resilience over the last few years. For this reason, we have perhaps become somewhat spoiled and optimistic and tend to look at the rosier picture. There have been so many times that we have seen this, that our optimism is understandable. That being said though, there is some pressure that has to be dealt with. We have the Federal Reserve threatening to raise interest rates and a slowdown in China. Their currency has been devalued and their manufacturing is down. This is to be expected because their economy has had an unprecedented run over the last thirty years and has only been going upwards. This is perhaps a temporary bump or even a long anticipated slowdown that is more realistic according to market conditions. As for next week, we will be obviously looking closely at the markets. We tend to think or perhaps hope that the selloff was exaggerated and the markets will right themselves early in the week. If, however, this does not prove to be the case, all bets are off. For those of us who are numbers watchers, we are clearly in the red for year and this is something that we have not seen Fraser  Mackie  LTD  -­‐  Wealth  Management  Group Av.  Sarasota  #20,  corner  Abraham  Lincoln,  La  Julia,  Torre  Empresarial  AIRD,  11th  Floor  Santo  Domingo Tel:  +1-­‐829-­‐9470219  /  info@frasermackieltd.com  /frasermackieltd.com

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