Don’t bank on it
Our post-2008 world of near-zero interest rates has spawned many unusual financial phenomena. We now have cryptocurrencies and government bonds that offer negative yields – in other words, you pay for the privilege of lending the government money. That’s before we come to banks printing money, in the form of quantitative easing.
Compared with these innovations, the peer-to-peer lending industry looks positively sensible. The basic idea behind peer-to-peer (P2P
