Is Peer to Peer Lending a Bubble?
One reason why Lending Club’s business is so good could be that large numbers of Americans simply lack the money or the good credit records necessary to borrow from traditional banks.
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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
bubble
Average Family Cannot Afford to Buy a Home in 13 Major US Cities
One has to wonder how major cities like Los Angeles and Chicago can survive with just the very rich and the very poor. That sounds more like a third world country than the United States of America. It also sounds like a recipe for social and political unrest.
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