I just read issues 1 & 2,
Issue 1, page 2, bullet 2 Father says his greatest fear is that a "really" bad pope appears, an open modernist. (Except) that would make it hard for Bp. Fellay to make an agreement because it would be seen for what it is, a treason.
How true that has turned out to be. I have read that some people think Frances may turn out to be the best thing to happen to Catholics because he will make them face their modernism. I'm not convinced that will happen but hope springs eternal.
Issue 2, page 1, bullet 2 Father says that Traditional Catholics are less at risk to think that Rome is returning to tradition (now that F1 has been elected). I think the rank and file know this, but the SSPX hierarchy is none the less intent on joining them.
Reading these newsletters is a good reminder of just how far the SSPX has fallen.