Facebook Enters Crypto, Disney Triumphs, Hong Kong Protests Persist

Jun 25th 2019 Dear InvestingChannel Reader, We are excited to welcome you to our new and improved Editor’s Picks newsletter featuring exclusive content from the InvestingChannel publisher group. It's our best of the best. Everything is handpicked. Everything is actionable and educational and we couldn't be prouder to roll it out to you. Highlights Today: - A distinctive look at Facebook's new Libra cryptocurrency and its impact on monetary policy - Disney's recent victories at the box office and the subsequent implications on its future stock price - Macro Look: The economic impact of the historic mass protests in Hong Kong There has been quite a bit of noise surrounding Facebook's announcement of their new cryptocurrency, Libra. Economist Scott Sumner provides a unique analysis of Libra through the lens of the Real Bills Doctrine. [Will Libra Impinge on Monetary Policy]( [(The Money Illusion)]( I’m no expert on cryptocurrencies, but here’s my best guess on this issue, FWIW. It will be helpful to begin with a discussion of how the “real bills doctrine” applies to three situations: 1. Is the creation of private bank money inflationary under a gold standard? 2. Is the creation of government fiat money backed by valuable assets inflationary? 3. Is the creation of private currency substitutes inflationary under a fiat money regime? [Read More]( With all of the palace intrigue stemming from conflicts between the Disney family and CEO Bob Iger over executive compensation, we thought we should take a step back to examine pertinent company fundamentals. The below reporting from our publishing partner Benzinga offers a clear take on how the 'Toy Story 4' premier should affect subsequent earnings announcements. [What 'Toy Story 4' Means For Disney]( [(Benzinga)]( Bank of America estimates that even at a production cost of around $200 million and with more than $100 million spent on marketing, “Toy Story 4” will generate about 23 cents in earnings per share for Disney over its lifetime. [Read More]( Hong Kong is currently experiencing the largest mass protest in modern history. Insider Monkey covers one hedge fund's perspective on the political as well as financial implications of this momentous event. [Hayman Capital Management’s Kyle Bass Thinks Hong Kong Dollar Peg Could Break]( [(Insider Monkey)]( According to Kyle Bass, continuing and growing protests could influence the course of the leadership of both China and Hong Kong, and he fears that protests are actually going to continue further escalating in violence – “they are going to stop using rubber bullets and start to use real bullets”. A famous macro investor explained why he thinks all this could lead to 36-year Hong Kong dollar peg break. [Read More]( [What The SEC's New 'Best Interest' Rule Means For You]( by [Barchart]( Brokers sell stocks, bonds, mutual funds, annuities and other investments, which they may recommend to clients. They often receive commissions for selling specific products. Currently, they are only required to make suggestions based on what is "suitable" for their client, based on the client's age, goals, risk tolerance and other factors. [Read More]( [Free Options Seminars - June 29]( Sponsored by [The Options Industry Council]( Covered combinations, Iron Condors and Iron Butterflies can help investors potentially generate income. Join OIC on June 29, 9 AM – 12:30 PM ET, in New York, NY, for a three-part series. Register today! [Read more.]( [Gold Update]( by [iSPYETF]( However, there is an alternate, more bullish path. Regardless, we wanted to buy gold because both scenarios pointed higher. Now the question is whether to chase price or not? Short-term, gold is over-bought. But as long as trade remains above 1,350, trade can continue to grind higher (which would improve the odds of the more bullish path). [Read More]( Calculated Risk's Most Read Newsletter [Click here now]( to subscribe to Calculated Risk's Most Read Newsletter! Never Miss the Latest in Housing, Macroeconomics and Finance, with Calculated Risk Blog's Weekly Round Up of Most Read Articles. In partnership with Calculated Risk Copyright 2019, Investing Channel, All Rights Reserved | [Privacy Policy]( [InvestingChannel, Inc.]( P.O. Box 118 New York, NY 10018. To unsubscribe, [click here]( [Link](