Bill Bonner: wedding planner

[Bill Bonner’s Diary]( Bill Bonner: Wedding Planner By Bill Bonner, Chairman, Bonner & Partners [Bill Bonner] NORMANDY, FRANCE – “I’d much rather do a funeral than a marriage,” says a brother-in-law, a Baptist minister. “I’ve never seen a funeral fail.” Recommended Link [Kansas farm boy generates millions from his California “bunker”]( [image]( He’s just an ordinary guy born on a farm in Kansas. He didn’t graduate from a fancy college. He doesn’t have an MBA. Yet he stumbled upon a [“secret key” technique]( that allowed him to retire at 42… and still make more money in 8 hours… than most people make in a month. But Monday through Friday you’ll find him up by 4 am, in front of his computer… using his “secret key” to generate thousands of dollars per week… without touching stocks or bonds. He calls it his retirement hobby. [Click here to see it in action]( -- New Compound A wedding is meant to cement a union. Like an epoxy, it mixes two separate elements to form a new compound. And like all win-win deals, sometimes it works; sometimes it doesn’t. Either way, the parties don’t always get what they were looking for; but they get what they deserve, which is all you can hope for. On Saturday, we went to a wedding in Brittany, about four hours to the north, on the coast. It took place in Dinard, across the bay from Saint-Malo. Early in the 20th century, beach resorts were becoming popular in France. Towns on the Mediterranean – such as Cannes and Saint-Tropez – competed with those on the Atlantic or the Channel – Deauville, La Baule, and Biarritz – to attract vacationers and seasonal residents. Many of the visitors liked what they saw and stayed – at least for the summer. Often, they built grand houses and threw big parties for their friends, most of whom came from the same neighborhoods in Paris. Today, Dinard is a busy, seaside resort, with hotels, restaurants, boats in the harbor, and even a casino – all waiting for the clouds to go away and the wealthy clients to come back. But our subject today is neither the world of leisure nor of work. Instead, we focus on weddings. We have attended many of them. Half of all marriages may fail… But even though a ship may eventually sink, it can still have a nice send-off. Here, we offer some advice. Recommended Link [China to Famous U.S. CEO: You Lose.]( In the race to make electric cars cheaper than gas and diesel vehicles, the winner was always thought to be [the #1 U.S. electric car company](. But what China will do as soon as August 16 could catapult them to the #1 spot… and solidify their position as the world leader. [Details here]( -- Rules for Weddings Dear readers are reminded that the thoughts presented here are those of the author, for which the publisher bears no responsibility or blame: 1. When it comes to guests, not too many… not too few. Too many guests and a wedding becomes unwieldy and institutional – more of a spectacle than a participatory event. On the other hand, too few people makes it too informal… too small and too personal. Also, when you don’t have a critical mass of attendees, the energy level is low. Generally, fewer than 50 people is too few. More than 300 is a crowd. 2. Stick with tradition. People have been getting married for a long time. They’ve worked out a formula… and words… to do it right. Yes, you can add a little… or change a little… But you are unlikely to do better than the ceremony you’ll find in the Book of Common Prayer, which was published in 1662, based on the previous version by Thomas Cranmer, archbishop of Canterbury. The language is simple, direct, and elegant, notably the key line: “With this ring, I thee wed.” Avoid the claptrappy modernism: “This ring is a symbol of… blah, blah…” Unless you have a very good reason for departing from the tried-and-true, you’re better off with the old form. There are hundreds of years of distilled wisdom embedded in it. 3. Don’t let anyone read St. Paul’s letter to the Corinthians. “Love is patient. Love is kind…” Yeah, yeah… we’ve heard it too many times. And it is at odds with our experience. Love is frequently impatient. It can even be unkind. Love is challenging… sometimes unpleasant… and often frustrating. Why lie about it? 4. Do not allow humor to intrude on the marriage ceremony. A marriage is a solemn occasion – like a funeral, not a party. Make sure the bride and groom speak their lines clearly and without irony or hesitation. You don’t want to launch a ship with a hole in the hull. 5. After the ceremony, have a receiving line. You can’t count on people to introduce one another. Make sure that the key people – bride, groom, parents of each, grandparents – are met by all the attendees. You may want to add groomsmen and maids of honor to the reception line. Make sure they are properly attired. This may be the most important occasion of the couple’s life; it needs to be marked with the proper dignity and formality. Recommended Link [In 2016, he called the number one stock on the Nasdaq and made investors 551%…]( [image]( In 2017, he picked the #10 stock on the S&P 500, and made investors a small fortune… This year, he’s back to show you how you could ultimately make between 414% and 1,100% on a new way to invest in private companies. (You can’t afford to miss this.) [Click here to watch it now]( -- Hijacked Weddings 6. Often, young people – the bride, groom, and their friends – hijack the wedding. They want to turn it into an occasion of merriment and fun. This is completely inappropriate and wrong. A marriage is no more for the amusement of the wedding couple than a funeral is for the amusement of the corpse. A marriage is a quasi-public union, sacred to Catholics, in which two people take up the most important win-win game on God’s green pool table. Do not allow any distractions from the integrity of it. It is not meant to be entertaining. It is not meant to be fun. Instead, it is meant to prepare the two principal celebrants for the trouble and strife that lie ahead. 7. Play quiet, dignified music at the reception and the dinner. People need to talk. That’s the whole idea. Don’t allow the music to get in the way. 8. The recent tendency is to turn over the planning and execution of the wedding to professionals. A wedding planner puts the show together… and makes sure things happen on time. And a professional disc jockey organizes the music. While professionalism and careful timing are important and helpful, don’t give the professionals too much rein. A wedding is not a commercial venture. It should not be organized like a cruise ship. It must be allowed to develop its own character… with a bit of serendipity, and even fantasy. This is something the bride and groom will remember for the rest of their lives; it must be uniquely theirs… not an off-the-shelf product of the wedding industry. 9. Diners should be carefully placed. Do not permit them to sit where they feel comfortable… or force solo attendees into an awkward search for a place to sit down. The host should make sure everyone sits next to people they should get to know… people of similar rank in the opposite family. Their introduction and conversation is intended to strengthen the community of witnesses: the group that has seen the couple marry and is prepared to remind them of their vows. In Spanish-speaking countries, men are generally seated to the left of their wives. In France, husbands and wives are always separated. In the U.S., it’s anything goes… but try to stick to girl-boy, girl-boy. A wedding brings together the two halves of the human spirit – the yin and the yang… the dexter and sinister… Adam and Eve… George and Gracie. The dinner should, too. Round tables or long, rectangular tables? This question has troubled hosts for decades, and has frequently been the subject of heated, daytime squabbles and long, sleepless nights. There are two schools of thought. Round tables give more opportunity for group conversation. Long tables restrict the conversations to smaller groups. Generally, you speak with the person on your right during the first course… and with the person on your left during the second. Or vice versa. And if you get no headway with that, try shouting over the flowers and across the table. 10. Later in the evening, you can get up and leave dull tablemates behind. But in no circumstance should a gentleman abandon a lady – no matter how shrewish, old, or fat – if it would mean leaving her alone. He must find a way to pass her off onto someone else, or spend the whole evening with her. Occasionally, we have seen caddish men bring a charmless woman onto the dance floor with the intention of losing her amidst the moving mob. A better tactic: Go find a cousin and tell him, “There is someone you must meet.” It is a shameless set-up, of course. But at least it looks polite. Then, watch out; your cousin will surely want to get even. Shake a Leg 11. The newlyweds should, of course, have the first dance. Again, make sure the music and the dance are worthy of the event. Typically, you begin with a waltz, unless you are capable of a tango. Then, the father of the bride dances with her… followed by, or coincidental with, the bride’s mother and the groom shaking a leg. 12. Only after these obligatory dances are completed – and generally, after the main course has been served and eaten – can the regular music begin (not too loud!) and the guests be invited onto the dance floor. 13. You are ready for speeches, typically, when the dessert and coffee are served. (Sometimes, there is a short “welcome” address just after everyone is seated.) By this time, guests have been loosened up by alcohol, fatigue, and conversation. But beware: Few people know how to make a good wedding speech. Sometimes, they are boring. Often, they are maudlin. Once in a while, they are so vulgar and inappropriate that you should take away the mic. 14. The father of the bride is entitled to say what he wants; he pays the piper. He should be cautioned, however, to keep it rather short… and charming. Then, others might have to be edited, especially the friends, best man, and others who want to embarrass either bride or groom. Beware also of the sound system. More than once have we seen a good speech damaged by a faulty system. Test it. Make sure it works. The best wedding speech we ever heard was when our old partner’s son, Jacob Rees-Mogg, got married. Jacob gave a marvelous speech, full of humor and wisdom. We turned to Elizabeth at the time and remarked, “That young man has a great future in politics.” Now, scarcely 10 years later, Jacob is the bookmakers’ front-runner to be the next prime minister of England. 15. In France, more than in the U.S., we’ve seen extensive use of videos and photo montages. Some people find them a little too “techno” for a wedding, but remember, we are in the after-dinner stage. At least the perpetrators of these things have had a chance to edit them… and they can also help diners escape conversation for a few minutes. Just do not allow them to make public spectacles of themselves, the wedding couple, or the event itself. 16. Every story needs a beginning… and an end. A wedding begins when the grandmothers are escorted to their seats… and it ends when the bridal couple leaves. When the toasts, roasts, and tears are over, the bride and groom should discreetly get away, change their clothes, and prepare to leave. Then, they should return to the festive hall. The bride throws her bouquet over her shoulder to all the maidens in the group. The bridal couple says “goodbye” and “thanks”… and departs. The dancing can continue for another half hour or so. Then, the musicians begin putting away their instruments… the barman announces “last call”… and the guests – who have been drinking the hosts’ liquor since 6 p.m. – can begin looking for their car keys. A wedding well done. Regards, [signature] Bill [] ECONOMIC INSIGHT: AMERICA’S SLUGGISH WAGE GROWTH By Joe Withrow, Head of Research, Bonner & Partners [Joe Withrow] Some major countries have seen a slowdown in wage growth in recent years… That’s the story of today’s chart, which maps the annual wage growth (adjusted for inflation) over the past ten years in five major countries – the United States, Canada, France, the United Kingdom, and Germany. [Chart] As you can see, these major countries are experiencing annual wage growth of less than 2%. Canada leads the way, with wages growing at 1.8% per year… followed by France at 0.9%… the UK at 0.4%… the United States at 0.3%… and Germany at 0.2%. At 0.3% wage growth, American workers are just barely outpacing official inflation figures. But as we found in our [“Depressed Counties” report]( the government-measured inflation numbers do not tell the entire story. If accurately adjusted for cost-of-living increases, annual wage growth is likely negative. – Joe Withrow FEATURED READS [Is This Full Employment?]( recent job figures are robust. For the first time in recorded history, there are more job openings than people looking for work. Is this the long-sought “full employment”? [The Heart of the Trade War]( trade war between the U.S. and China continues to dominate the headlines. Both countries have imposed tariffs on everything from solar panels to personal electronics… and even washing machines. But the most important target of these tariffs might also be the most overlooked one… [Was Bitcoin Manipulated?]( recent article from The Wall Street Journal claims that bitcoin’s meteoric rise in 2017 was partly due to financial manipulation. But renowned cryptocurrency expert Teeka Tiwari shows what the papers failed to report… MAILBAG After Bill’s [July 4]( readers ponder the state of the American empire… Well written and alas, all too true for our country. Perhaps President Trump’s administration can stem the tide, getting us back to constitutional law and order and limited government, as our founders envisioned. – Vicky S. Keep up the good work – enlightenment for us sleepy citizens. Few can perceive what is right in front of their face. – Steve M. Good question. Another good question for you to ponder: If the Founders lived today and attempted to write a Declaration of Independence, Constitution, and Bill of Rights for today’s circumstances, to what extent, if any, would those documents be different? – Ken D. The American Founders would be disgusted by the anti-Americans who place illegals’ rights ahead of citizens’ rights. – JoAnn Donald Trump is increasingly showing his true colors as a destroyer. This is self-evident in his approach to several issues. Immigration: America is a nation of immigrants. Rather than try to keep people out, why doesn’t he work to improve existing processes so that more people can legally enter this country? Trade: Trade is essential to the economic health of the nation. Yet, he is following the path of the last Republican businessman elected as president – who stifled trade with Smoot-Hawley and turned a market crash into the Great Depression. Middle East: Trump thinks he can tell about a billion people with much different traditions how to run their lives. He will likely get war. What is more, he will likely drive away many of the Western allies who largely depend on oil from that region. The trade wars will help alienate our traditional allies. This nation: He is, by his increasingly dictatorial policies of telling people how to live their lives and bringing the force of government to his opinions, dividing the people of the not-so-United States, perhaps irreparably. This will, at some future point, lead to some kind of rebellion. We seem to be well along in the cycles of revolution, freedom, political domination, dictatorship, and revolution anyway. – Chuck B. You’re about 2,000 years late. The Book of Revelation describes the Roman Empire and then the eighth “beast” that comes out of the seventh… none other than the United States of America. The politicians and corporations are the guilty ones! The USA is much more wicked than the Roman Empire ever was. Its fall will be even greater. – Glenn L. Your Fourth of July article about empires was a firecracker. The list of cracks in ours made me sad. They suggest that the promise of America has eroded beyond redemption. Although no empire has stood the test of time, their originators endure. The Roman Empire is long gone, but Rome is still there, traffic jams and all. The colonial empires of England, France, and Germany are history, but citizens of their former colonies continue to look to them as their mother countries. I hope our legacy will be more than Big Macs and make-believe movies. – Jim R. Thank you for the article today (July 4). I have been saying this since a Catholic sister teacher in civics class in grade school in the 1930s, when the president was trying to increase the number of Supreme Court justices from nine to eleven. How we ever let the so-called leaders allow the goings-on of today is our fault by not demanding accountability. God help these young people to be smarter than us old farts. – Bernie M. The great thing about Bill Bonner’s Diary is the humor. I often find myself laughing out loud. What surprises me most is how so many fellow readers just don’t get it – especially the Trumpists out in the U.S. Keep it coming, Bill. It is the best read of the day – bar none – and also has the virtue of being spot-on accurate. – Nick P. IN CASE YOU MISSED IT… Earlier this year, President Trump executed a [controversial move…]( Leaked White House documents show that the Trump administration was considering nationalizing large sections of America’s communications infrastructure. Most of the mainstream press said the president was foolish to consider something like this. But Jeff Brown, Bill’s top technology analyst, thinks he knows the real reason behind the leak. [Get the full story here.]( [image]( [Bonner and Partners]( © Bonner & Partners 455 NE 5th Ave, Suite D384, Delray Beach, FL 33483 [www.bonnerandpartners.com]( This e-mail was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. 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