Charles Payne

In this month's newsletter, we look into the Trust Economy and how it is changing capitalism, but maybe the hype is ahead of reality. We know all the sexy names like Uber and Airbnb and others:

  • Parking Panda
  • Liquid
  • Sidecar
  • DogVacay
  • Zaarly
  • Poshmark
  • Relay Riders
  • Lyft
  • NeighborGoods
  • TaskRabbit
  • Lending Club
  • Getaround
  • Fon

But, reports this week state that Uber X will lower prices and the company will take losses to gain market share and fend off competition. The news gave a lot of people pause. Maybe this isn't an economic cure-all that the hype and multi-billion dollar values suggest. I for one prefer stocks of companies that have pricing power and take market share through sheer demand, not discounting. I do see the trust economy changing the world, but what is the ultimate economic cure-all? I'm not sure.

Heck, it's not even a sure thing that people trust each other enough for the kind of penetration needed for a new paradigm in business.

Trust People that...

Great Deal

Somewhat

Not Too Much

No Answer

Access medical records

50

29

17

4

Prepare food

47

36

14

3

Work in your home

41

37

18

4

Share photos, videos and social network


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.
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