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Lending club is an experiment that had never been tested in anything but a booming economy with near zero interest rates. Any change in those circumstances is
by phamilton 10y ago
Lending club is an experiment that had never been tested in anything but a booming economy with near zero interest rates.
Any change in those circumstances is an unknown.
- partytran 10y ago> a booming economy This seems to be a bit of hyperbole; I disagree that the economic consensus is that the period of LC's existence has been an economic boom. U.S. stock and housing prices indeed recovered from 2008 lows - real economic growth (jobs, industrial output, new home construction) has been tepid at best. The Bay Area may have been flooded with new jobs and investment, but the rest of the country certainly has not been.