Remember in December when we were told incessantly that "meh, it's just 25bps!"
It appears that 'liftoff' in rates is having a real impact on a particular sector as the potential for tightening credit conditions (and higher costs of funding) have crashed the stocks of peer-to-peer/direct lenders like Lending Tree, OnDeck, and Lending Club.
Another bubble bursts! And the companies are shocked!
- *LENDING TREE NOT AWARE OF ANY REASON TO JUSTIFY SHR DECLINE
It seems someone is...
[3]
Dear Janet, it appears the US consumer (or small business) is nothing like as strong as you "believed."
