🥤 Your portfolio vs. a milkshake

Disney is holding onto ESPN | Size matters in Europe | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for September 13th in 3:11 minutes. 🌍 Here’s your chance to be part of the world’s biggest event for retail investors. Join our [Modern Investor Summit]( this December, and get the chance to pose all your burning questions to the CEOs of eToro, Ellevest, and General Atlantic. [Grab your free summit ticket]( Today's big stories - Disney won't let go of sports network ESPN - This market theory has got to be the worst milkshake ever – [Read Now]( - Economists predict the German economy will shrink next year Disney’s Not Parting With ESPN [Disney’s Not Parting With ESPN] What’s Going On Here? Disney [said]( over the weekend that it’s going to hold onto ESPN, despite calls to sell the sports network. What Does This Mean? The term “[activist investor](” doesn’t refer to an eco-warrior with a penchant for stocks: it’s an investor who buys into a company with the aim of changing it – by selling an arm of the company’s operations, for example. That’s exactly what activist investor Dan Loeb called for Disney to do after his hedge fund amassed a $1 billion stake in the media conglomerate last month. Spinning off ESPN – and its [stagnating]( growth – could help the company reduce its mammoth $46 billion debt, but Disney sees things differently. The company boasted of ample interest from parties keen to buy ESPN – a sign, Disney claimed, of the network’s potential. Disney even has some hot new directions for ESPN on the cards apparently, including a betting app designed to boost viewer engagement. Why Should I Care? Zooming in: Why kill the goose that laid the golden egg? Even without those plans, holding onto ESPN makes sense right now. See, traditional TV is a losing game these days, but ESPN’s cable offering was [still]( beamed to about 75 million US homes last year – bringing in nearly $10 billion annually before you factor in ad deals. With cash like that, Disney has ample room to keep developing Disney+ – and little incentive to ditch ESPN. The bigger picture: Disney’s kiss might turn this frog into a prince. Loeb backed down after hearing the news, maybe because he realized Disney might just make good on its promises. After all, its total subscriber count has now [overtaken]( Netflix's, and its success looks set to continue: Disney delighted fans over the weekend by revealing its content slate, including trailers for sequels to its Avatar and Black Panther cash cows. And with the company set to maintain its $30 billion content budget and speedy production schedule, there’s likely plenty more where that came from. You might also like: [Have Netflix’s calamitous results made it a good buy?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Disney’s Not Parting With ESPN&utm_campaign=daily-global-13-09-2022&utm_source=email) Analyst Take Don’t Be Misled By The Sweet Name, The Dollar Milkshake Is No Treat For Investors [Don’t Be Misled By The Sweet Name, The Dollar Milkshake Is No Treat For Investors]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst I love a good milkshake, in fact I’m practically drooling just thinking of them. But the “[Dollar Milkshake Theory](” – a market concept whipped up by Santiago Capital CEO Brent Johnson – isn’t really what anyone ordered. It means a [massive squeeze for the US dollar](, and a massive worry for investments all over the world. And no – yes, no – cherry on top. So that’s today’s Insight: [what “the Dollar Milkshake” means for you, and how you can protect your portfolio from frosting over](. [Read or listen to the Insight here]( SPONSORED BY DIGITAL CURRENCY SUMMIT Meet the crypto-trading pros Crypto’s volatility means the right or wrong investment could make or break your portfolio. Be sure it makes it, then: join top digital experts at the [Digital Currency Summit]( for free, and you’ll walk away with a wealth of knowledge. And hey, maybe even some plain old wealth too. You’ll find out [how hedge fund managers perfectly time their trades](, and hear nearly thirty world-renowned experts share their own strategies – including [which coins they’re backing](. Plus, you’ll discover some handy tips for investing in crypto on a budget, so you can make some [hefty returns]( without making a hefty deposit. Even better, you can do it all from your couch. [Join this month’s Digital Currency Summit for free](. [Find Out More]( Honey, I Shrunk Europe’s Biggest Economy [Honey, I Shrunk Europe’s Biggest Economy] What’s Going On Here? Economists [warned]( on Monday that Germany’s economy could shrink next year. What Does This Mean? Germany’s robust economy did shrink in pandemic-plagued 2020, it’s true, but those were extremely hard times. But it doesn’t look like the next year will be any easier on Europe’s biggest economy: extortionate energy prices – a result of Russian restrictions – have been taking their toll on Germans’ disposable incomes, and Munich’s Ifo Institute believes those prices could tip the country’s inflation to average 8.1% this year and 9.3% the next. That’s a big blow – big enough that the economic research group doubts the government’s $65 billion relief package will do much to offset the hit. Everyday folk will be left with less cash to splash on nice-to-haves, then, which won’t help the shortage-stricken economy. That might be why the institute predicts the German economy will grow just 1.6% this year before shrinking 0.3% the next – only growing again when 2024 comes around. Why Should I Care? For markets: The US is safer... Germany’s the rule rather than the exception, with much of Europe facing similar problems. That’ll be why Goldman Sachs [thinks]( investors should take a break from the “dire” situation across the region, and said on Monday that US firms – mainly ones that mostly do business within home borders – are a better bet for higher returns. Looks like Goldman might be onto something: an index tracking a group of US firms with heavy links to Europe has underperformed one tracking mainly domestically-trading US firms by around 20% this year. For you personally: …But not that safe. Still, there are major economic risks in the US as well as Europe, which might be why Goldman advised cautious investors to own more dividend-paying stocks with strong balance sheets and stable earnings growth. That way, investors can bring in a regular stream of income that’ll see them through any upcoming slumps in stock prices. You might also like: [How to figure out the best time to buy.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Honey, I Shrunk Europe’s Biggest Economy&utm_campaign=daily-global-13-09-2022&utm_source=email) 💬 Quote of the day “Any sufficiently advanced technology is indistinguishable from magic.” – Arthur C. Clarke (an English science-fiction writer) [Tweet this]( SPONSORED BY BABBEL Learn a language in just fifteen minutes You don’t need to hole up in a classroom for hours to [learn a new language](. 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