Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Lending Club (NYSE: LC)

Market Insanity

Lending Club is Junk

Lending Club has gotten to the point where it is losing money by just staying in its business. What might be worse is that Lending Club is losing money from financing, it reported a cash from financing figure of $-461.20 on September 30, 2017. That indicates the company might be losing money from its lending operations, which are its only business.

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Long IdeasStocks

American Express is a Great Contrarian Play in Finance

There is no better contrarian play in finance than American Express right now. It is making a lot of money, and in a great position to take advantage of the exciting opportunities offered by Fintech.

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Market Insanity

Is Desperate American Express following in Lending Club’s Footsteps?

Like their brethren at PayPal (NASDAQ: PYPL) and Square, American Express’s leaders think they can limit the risks from such lending with their detailed knowledge of spending habits. For example, Amex might extend more credit to a borrower, who only uses his credit card to pay for business supplies. The company deny credit to somebody who uses her card to pay off a bar tab or a casino.

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