Subject: EconVue Spotlight March 14, 2018
From: "Lyric Hughes Hale" <[email-masked]>
To: "R. Hunter Biden" <[email-masked]>
Date: Wed, 14 Mar 2018 12:50:15 -0700 (PDT)

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EconVue Spotlight

Dear R. Hunter,

Trust is the common thread that runs through recent research at EconVue. 
Robert Pringle

https://econvue.com/experts/robert-pringle

discusses the lack of trust in our financial institutions, which was 
worsened by the Great Recession. Collin Canright

https://econvue.com/experts/collin-canright

tracks the debate over alternative trustless financial systems such as 
bitcoin. Karim Pakravan

https://econvue.com/experts/karim-pakravan

feels that the dollar is weak because of lack of trust in the US 
economy, and Marsha Vandenberg

https://econvue.com/experts/marsha-vande-berg

writes about consumers who are unable to trust technology companies to 
protect their children. David Johnson

https://econvue.com/experts/david-w-johnson

envisions a merging of dental care and primary care, and a new platform 
for health care. Will we share our most personal information with the 
companies we work for as they create their own internal healthcare 
systems? Today nurses, doctors, and dentists are our most-trusted 
professionals. This could change under a new regime with different 
incentives.

In this week's Spotlight, we feature a range of provocative opinions and 
analysis. The funniest interview by an economist I have ever read is 
Austan Goolsbee's home economics quiz on NPR. The deepest dive is Paul 
Robert's Pulitzer-worthy article in Politico on what happens when a town 
is taken over by bitcoin mining. The most iconoclastic analysis is by 
Derek Scissors who says that TPP and the recent steel and aluminum 
tariffs are inconsequential. He then warns that either NAFTA's failure, 
or US trade actions against Chinese technology companies, could be 
highly impactful. If both occur, the results could be devastating not 
just for North America or China, but for the global economy.

RESEARCH BY ECONVUE EXPERTS The Capture of Money - Why People do not 
Trust it

https://econvue.com/pulse/capture-money-why-people-do-not-trust-it

Robert Pringle

https://econvue.com/experts/robert-pringle

In the case of money, we hand over responsibility for it, i.e. for how 
it functions as a social institution, to governments and official 
guardians appointed by the state, i.e. central banks and regulators.

Dollars and Deficits: A Vote of Non-Confidence

https://econvue.com/pulse/dollars-and-deficits-vote-non-confidence

Karim Pakravan

https://econvue.com/experts/karim-pakravan

In the past few months, the stars seemed aligned for a stronger dollar: 
strong U.S economic growth and rising interest rate differentials 
between the dollar and other major currencies. Yet, we have witnessed 
the opposite: the dollar (as measured by the DXY, a weighted average of 
the dollar relative to the currencies of the U.S. main trading partners) 
has weakened significantly, falling by 13.3% in the year through early 
March, and losing 2.3% year-to-date. This vote of non-confidence comes 
from the confluence of several factors: bond markets concerns about an 
overheating U.S. economy and the surging twin deficits. FinTech 
Marketing

https://econvue.com/pulse/fintech-marketing

Collin Canright

https://econvue.com/experts/collin-canright

International FinTech startups are looking to the United States as a 
vast consumer and business market for their applications and services. 
Despite the difficulties posed by a dual regulatory system, in which 
multiple federal regulators join agencies in all 50 states, the wealth 
and size of the market beckons.

Platforming Healthcare: Owning Hospitals Is So 2015

https://econvue.com/pulse/platforming-healthcare-owning-hospitals-so-2015

David W. Johnson

https://econvue.com/experts/david-w-johnson

The news that Amazon, Berkshire Hathaway and JP Morgan Chase joined 
forces to create their own healthcare company rocked the industry. The 
ten largest health insurers and pharmacy businesses lost $30B in market 
value in two hours.

Upsizing Dentistry: Putting More Bite into Primary Care

https://econvue.com/pulse/upsizing-dentistry-putting-more-bite-primary-care

David W. Johnson

https://econvue.com/experts/david-w-johnson

It's time to "think different" about the organization, delivery and 
purpose of dental care. Oral health is a key component of overall 
health. New business models are emerging that will enhance dental care 
with lower costs, greater access, improved convenience and a broader 
range of services.

Investor Activists Want a Bite at the Apple

https://econvue.com/pulse/investor-activists-want-bite-app

Marsha Vande Berg

https://econvue.com/experts/marsha-vande-berg

California teachers have teamed up with an East Coast activist hedge 
fund to petition Apple Inc. to step up its game and give parents the 
tools and choices they need to ensure smartphones don't damage 
children's health. Together, CalSTRS and JANA Partners are turning an 
old adage on its ear about gifting shiny apples to teachers. 

https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Feconvue.com%2Fpulse%2Fwhat-watch-2018&data=02%7C01%7C%7C208339101a064bdc6bbc08d56bfcb664%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636533655493280742&sdata=AvIlXurHoetObql4TuWTsBSL6wB1Nx2SpsNnaivKiks%3D&reserved=0

STORIES IN OUR SPOTLIGHT

How much does trade impact Americans? Not all that much

http://content.davidhaleweb.com/acton/ct/3037/s-01ee-1803/Bct/l-sf-cl-701C0000000UEmJIAW-0024/l-sf-cl-701C0000000UEmJIAW-0024:15c/ct13_1/1?sid=TV2%3ApGQYvtSb9

Derek Scissors 3/12/2018 The Hill

Both sides of the debate exaggerate the influence of the latest White 
House actions on trade.

The market dogs that didn't bark

https://www.project-syndicate.org/commentary/price-correction-limited-to-equities-by-anatole-kaletsky-2018-02

Anatole Kaletsky 2/27/2018 Project Syndicate

Oil and bond prices, and currencies have remained stable. This could 
change.

Saudi Aramco IPO delayed until 2019, UK officials told

https://www.ft.com/content/62fa88b0-21f4-11e8-9a70-08f715791301

Anjli Raval, Henry Mance and Patrick Jenkins, 3/11/2018 Financial Times

A lot could happen in equity markets by 2019.

Crude oil's next move? Clues from soybean oil

http://www.cmegroup.com/education/featured-reports/crude-oils-next-move-clues-from-soybean-oil.html#.WqKj0m9t3AE.twitter

Erik Norland 3/1/2018 CME Group

Not my job: We quiz economist Austan Goolsbee on home economics

https://www.npr.org/2018/03/10/592445598/not-my-job-we-quiz-economist-austan-goolsbee-on-home-economics

NPR, 3/10/2018

In the year 2018, when I said that I write about economics, I was 
actually asked if I meant home economics. But I think I would have done 
pretty well on this quiz.

This is what happens when Bitcoin miners take over your town

https://www.politico.com/magazine/story/2018/03/09/bitcoin-mining-energy-prices-smalltown-feature-217230

Paul Roberts March/April issue Politico Magazine

This is superb long form journalism. If you invest time in reading 
pieces like this, you will understand the world of cryptocurrencies.

Illinois has been quietly considering Bitcoin for tax payments

https://www.coindesk.com/illinois-has-been-quietly-considering-bitcoin-for-tax-payments/

Stan Higgins 3/6/2018 Coin Desk

So much for regulatory blowback. Once local governments start accepting 
tax payments in cryptocurrencies, it is over

Cryptocurrency investor sees gold in the tokenized infrastructure

https://siliconangle.com/blog/2018/03/02/crypto-investor-sees-gold-in-the-tokenized-infrastructure-polycon18/

Mark Albertson 3/2/2018 Silicon Angle

From tolls to tokens, the intersection of cryptocurrency and 
infrastructure. Interview with Brad Rotter.

Alexa, play the financial-industry finale

http://www.fedfin.com/blog/2633-karen-petrou-on-alexa-play-the-financial-industry-finale

Karen Petrou 3/9/2018 Federal Financial Analytics

Will the convenience of combining banking and shopping lead to 
monopolies and unforeseen systemic risks?

Australia's student loan problem is a teachable moment for the U.S.

https://www.brookings.edu/research/australias-student-loan-problem-is-a-teachable-moment-for-the-u-s/?utm_medium=social&utm_source=twitter&utm_campaign=es

Jason Delisle and Alex Usher 3/2/2018 Brookings Institute

The downside of income-based repayment programs.

Uber launches Uber Health, a B2B ride-hailing platform for healthcare

https://beta.techcrunch.com/2018/03/01/uber-launches-uber-health-a-b2b-ride-hailing-platform-for-healthcare/

Darrell Etherington 3/1/2018 Tech Crunch

This is a great idea. Solves the last mile problem for autonomous 
vehicles as well.

Why has the US fallen behind the UK in labor force participation?

https://medium.com/bonothesauro/why-has-the-us-fallen-behind-the-uk-in-labor-force-participation-3775b29b625

Ernie Tedeschi

https://medium.com/@ernietedeschi?source=post_header_lockup

2/23/2018 Medium 

https://medium.com/bonothesauro/why-has-the-us-fallen-behind-the-uk-in-labor-force-participation-3775b29b625

We are older and less healthy than our British cousins. But the biggest 
reason we have fallen behind the UK in labor force participation, is 
that due to more generous maternity leave policies, women in the UK stay 
in the labor force longer

Beijing and Shanghai overbuild suggests growth hit by 2019

https://www.cfr.org/blog/beijing-and-shanghai-overbuild-suggests-growth-hit-2019?utm_medium=social_share&utm_source=tw

Benn Steil and Benjamin Della Rocca 2/27/2018 Council on Foreign 
Relations

Don't forget new property taxes. @BennSteil

https://twitter.com/BennSteil

estimates that a 10% fall in housing would knock .5% off Chinese GDP. 
Beijing and Shanghai Overbuild Suggests Growth Hit by 2019

A Chinese puzzle: Why economic "reform" in Xi's China has more meanings 
than market liberalization

https://macropolo.org/chinese-puzzle-economic-reform-xis-china-meanings-market-liberalization/

Evan A. Feigenbaum 2/26/2018 Macro Polo Blog

With all best wishes,

Lyric Hughes Hale

Editor-in-Chief

Econvue.com
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"What's Next? Unconventional Wisdom on the Future of the Global Economy"
http://whatsnextbook.com/

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