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1. WEEKLY NEWSLETTER! ! ! ! ! ! ! ! Issue 30 / Volume 15
July 27 - August 4
Unbelievable!
“He’s not a war hero. He is a war hero because he
was captured. I like people that weren’t captured.’
Can you believe this quote and if so, can you tell
us who said it? If you are unaware, the correct
answer is Donald Trump in referring to Senator
John McCain and the fact that he was a prisoner
of war during the Vietnam War.
Can you believe it? Of all the politically insane
statements that this moron has uttered, this takes
the cake. Even by his own standards of utter
insanity, this is over the top. The fact that he is still
standing and considered to be a viable candidate
is unfathomable. Obviously he lost all the Vietnam
veteran votes and any other veteran as well. But
this should not be the only fallout. For those of us
who were fortunate enough not to have gone to
Vietnam, none of us would have made this
statement no matter how we felt about the war.
But this goes twofold for someone like Trump who
grew up with a silver spoon in his mouth and
never had any intention of going.
And it was a silver spoon. For those of you who
believe that he is a self-made man, think again.
He had an incredibly rich father who set him up in
a way that very few can. We don’t begrudge him
for this but it is everything else that he does. And
for a man like him to make such a statement
defies belief and cements his role in history as a
first class ‘jerk’.
It is actually very interesting to us that such a man
can still be in the mix and considered to be a
viable candidate. It goes to show how weak the
Republican Party is. He is, in fact, the Democrats
best weapon and all they need do is sit on the
sideline and let him continue to self-destruct. We
can only imagine how they are salivating. And we
can also imagine how embarrassed and frustrated
the Republicans are. They know they can’t control
him and he is like a wild dog run amok.
Another point of interest to us is the double
standards that are sometimes involved. Let us
draw a comparison that we believe is valid. Do
you remember the forgettable Donald Sterling
and his racist rant of last year? To refresh your
memory, this so called rant was an illegally
recorded conversation that brought him down. In
doing so, he lost everything and was forced to sell
his ownership in his beloved NBA franchise. Now
for the record, we were definitely not Sterling fans
but his rights to freedom of speech destroyed
him. And when we factor in the illegality of the
tape recording, we are simply blown away. In
other words, after all that Trump has said, how
could he still be standing?
Interestingly enough, we had the occasion to
watch a 1987 interview with Trump and David
Letterman.
In This Issue:
Donald Trump: Unbelievable
US: Another Shooting
Astronomy: Pluto
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2. At the time he was obviously a lot younger and
better looking and, we hate to say it, he oozed
charm. Those days are long over and the charm is
gone and the venom is on full display. We find his
behavior confusing and, for the life of us, we have
no idea why he would attack McCain. However,
he will continue to interest us because the truth
of the matter is that he is a hell of a lot more
interesting than the other candidates that we are
forced to see. Stay tuned…
European Thoughts
It has been another interesting year so far and it
promises to continue as we move towards the
middle of summer. The year started with a bang
with the Charlie Hebdo catastrophe and it never
really slowed down. Immigration has been a huge
issue and it will probably continue to be in the
forefront of our thoughts. The truth of the matter
is that people want to live here. Europe is, by
most standards, a virtual paradise and the living
conditions exceed by far so many other countries
around the world. There can be no doubt about
this and this will always be the case, especially for
the foreseeable future.
The Greek debt crisis has been on most people’s
minds for the last few months and even though
there was an apparent resolution, there remains
much dissatisfaction. We have spoken with many
people around Europe and nobody appears to
be satisfied. We also sincerely believe that the so
called crisis is far from over. We are simply
waiting for the other shoe to drop. We have
absolutely no confidence in their ability to follow
through with any kind of plan. We are not alone
with this opinion and we will consider them to be,
until proven differently, a very weak partner.
We have spoken about England and their desire
to carve a new deal. This debate will probably
heat up very soon and we plan to address this
matter in full. For now, all we can say is that we
hope that they are able to remain a partner. A
European Union without England would be very
hollow and not carry as much weight. In spite of
their weaker economy, their word is important
and they carry much weight that goes far
beyond their economic strength. In other words,
when England speaks, people tend to listen.
This comes from their history and this can’t be
denied.
Speaking of history, we feel that it is imperative
that the European Union stays together. All we
need do is look at the last hundred years and
this becomes more and more obvious. Given
the strength of Russia and a growing China and
hopefully a stable U.S.A., do we really have a
choice? And England should know this. If they
don’t, we sincerely hope that they are reading
this column. And if they do renegotiate or
attempt to do so, certain standards must be
kept so that the bottom line can be maintained.
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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
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now. We had said that if it went below
100USD, we would buy some. However, we
didn’t pull the trigger and would prefer to wait
on the sidelines. If it stabilizes and goes a bit
lower, we might be inclined to plunge in
there. Meanwhile, keep an eye on oil. It has
come down almost twenty percent in the last
month or two and can’t seem to find a
bottom. Can it still go lower? Is that possible?
We will address this next week.
Conclusions
We hope that you enjoyed what we had to
say. We love to write about Trump because he
never fails to amaze us. As long as he stays in
the run for president, he will continue to
amuse us. As for Europe, we felt that we
needed a little pep talk so that we can keep
things in perspective. As for next week, as
always, we plan to keep things flexible and
will hopefully come up with something
interesting. And we will definitely keep our
eyes on the market next week and keep our
fingers crossed. Now we bid adieu and
sincerely hope that you make bundles and
bundles of money. You deserve it. Have a
great week and see you very soon. Good luck!
And Now for the Markets
This was not a good week and we are almost at
a loss for words. We expected more and we are
not about to hide our disappointment. The week
before, when the Dow had risen to above
18000, we were understandably ecstatic and
thought it would trend higher. Obviously this
was not the case and the Dow lost more than
500 points for the week. We hope that this is
only a simple correction but we are a little
nervous. For the record, we are now slightly
down on the year. There is time to improve but
our original goal of 20000 by year’s end seems
more like wishful thinking.
Perhaps the Greek situation was already factored
in and investors were bored and discounted the
positive effect. This could be the case and it
makes sense. After all, earnings and the global
situation is much more important than the
ongoing Greek crisis. What we don’t like to see
is negative momentum. And the action at the
end of the week was undeniably negative. We
will be, as will most of you, carefully watching
the action at the beginning of next week. If it
continues downward, buckle up because it could
become painful very quickly. What we have been
able to see over the last few years is remarkable
resilience from the markets. If this is the case
and this trend continues, we will see a positive
reversal early next week. At this point, we can
only hope. As for Gold, we are once again
aghast. It went well below the 100USD mark
only to recover a little bit by week’s end. The
truth is that it doesn’t have any direction right
Fraser
Mackie
LTD
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