p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Aug 29, 2019 15:36:13 GMT
There was a potent article in the Financial Times on 26 August predicting that the P2P industry is likely to go through a very rocky period in a downturn. The article is behind a paywall, but you can read it on this site. What do you think about their warning? |
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corto
Member of DD Central
one-syllabistic
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Post by corto on Aug 29, 2019 16:55:15 GMT
There isn't new information in it and no real point is made. Babble to fill a column.
... from the article:
"Rhydian Lewis, chief executive of the UK based platform RateSetter, believes it will be those that follow the “tortoise” model."
..
Financial sector shamanism
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agent69
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Post by agent69 on Aug 29, 2019 17:22:30 GMT
the P2P industry is likely to go through a very rocky period in a downturn. What do you think about their warning? A statement of the obvious
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mary
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Post by mary on Aug 29, 2019 18:17:10 GMT
Quote from the end of the article... “It means not reaching too hard for high returns, which will become high losses in a recession.”
We’ve already seen two high interest platforms go under, while we are in the longest, post war, expansion period, with very high employment stats and very low BoE interest rates. When/if recession hits it will, no doubt, be ugly for some.
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