Toxic wife and Toxic Assets: When the Money Goes get Ready for Divorce.

Leave it to the sense and sensibility of the United Kingdom to talk about the gold-digging wives that are now leaving their high income husbands for greener pastures.  This isn’t an uncommon thing.  We have witnessed high profile celebrities and athletes fall from grace only to see their “loved one” depart once things got bad.  That for better or for worse simply reflected the better aspect of life.  At the same time, many of these high powered men knew exactly what they were getting into when they married.  Let us take a look at a wonderful article in the Telegraph discussing this new emerging phenomenon:

“(Telegraph) You loser!” screamed Katie, aiming a vase at her husband. “You’ve destroyed my life,” she continued, hurling it.”Just look at my hair, look at my nails! You loser, you jerk, you nobody.”

Katie’s husband, Jack, whose property portfolio disintegrated in the financial crash, had just told his wife that she would have to cut back on her thrice-weekly visits to Nicky Clarke, the nail salon in Harvey Nichols, and the oxygen facials, chemical peels and seaweed wraps at Space NK.”

Lovely.  All the money in the world and still no piece of mind.  Talk about a royal mess.  Oxygen facials?  Isn’t that like driving really fast with your head out the window?  Yet there is one group that is enjoying this upsurge in financial destruction.  Divorce attorneys:

“Indeed, lawyers and financial advisers have reported a 50 per cent increase in the number of divorce inquiries since the financial markets collapsed in September.

A recent survey conducted by community website makefriendsonline revealed that a third of 10,000 respondents believe that financial hardship will cause a relationship to fail, while matrimonial law specialists Mishcon de Reya have reported up to 300 per cent more inquiries.”

Even in the U.S. financial troubles are the number one cause for divorce.  I would venture to say that when money is tight, you have to rely on other things that material wealth cannot purchase.  Given our GDP is based on 71% consumption, little substance is there once the money is taken away for many.

Aside from divorce attorneys, you can also go long dating agencies which seem to be serving as a bridge loan for some of these gold-diggers looking to jump ship:

“”So why did she walk out on you?” I asked.

”She has a very high standard of living,” he said. ”She’s never taken the Tube or a bus; it’s always taxis. And she likes to eat out a lot, at the best restaurants, and she likes to buy expensive gifts for people she wants to impress.

“As soon as the financial wobbles started, she must have joined some upmarket dating agency because somehow she’s found another very rich man pretty damn fast.”

Go long divorce attorneys and dating agencies. 

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