Its been a little over a year since I last wrote and posted on this blog; work life have been extremely busy so I haven't really had the chance and write in the past year. A friend of mine asked me this week how my blog is doing and considering that some of you that still visit this blog from time to time, I decided to start writing once again...
Well I am now very involved in an interesting niche of the wall street credit pie which is related to the world of peer to peer lending. In my opinion, the entire banking system in the US will eventually go though a structural change and the new era of consumer lending has begun. Not only is fixed income trading reducing banking profit, this new era or lending will further reduce the retail income of commercial banks while a whole new asset class for the buy side is being created since plain vanilla continues to trade way too tight.
Since last year, nothing much had changed on main street even if Big Ben is buying 85$Billion a month. The Fed will continue to print, deposit to the banks who will then lend the money back to Lew by buying those stacks of useless treasury toilet paper. Here is how company like mine (IOU Financial Inc.) is coming to the rescue:
Here is a recent article from the last month's Bloomberg magazine in regards to this space:
EBAY STYLE PEER LOANS SPUR WALL STREET ASSET CRAZE
http://www.bloomberg.com/news/2013-08-27/ebay-style-loans-lure-summers-to-mack-in-wall-street-asset-craze.html
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