????眾籌公司迎來大年

????借貸俱樂部(LendingClub)將成功上市,，應(yīng)該不會(huì)出現(xiàn)太大的波折。但過不了不久,，它將感受到一股強(qiáng)烈的反沖氣流,。如果貸款違約率因經(jīng)濟(jì)不景氣而上升，貸款人現(xiàn)在獲得的天價(jià)回報(bào)將隨之大幅回落,，從目前大約9%的平均收益率下挫至5%左右,。傳統(tǒng)的貸款機(jī)構(gòu)也可能抱怨來自眾籌平臺(tái)的競(jìng)爭(zhēng)壓力，他們會(huì)說這種點(diǎn)對(duì)點(diǎn)(P2P)的融資方式正在削弱美國公司經(jīng)典的構(gòu)筑渠道(即小企業(yè)貸款）的長期生存能力,。但儲(chǔ)貸協(xié)會(huì)(S&L)和點(diǎn)對(duì)點(diǎn)融資平臺(tái)依然會(huì)安然度過今年,，盡管后者將面臨更加嚴(yán)格的監(jiān)管。借貸俱樂部在2014年啟動(dòng)IPO的概率是：85%,。

????Crowdfunding's big year

????LendingClub will go public in a highly successful, drama-less event. Then will come the blowback. If loan default rates rise because of a stumble in the economy, then the sky-high returns that lenders are getting now may well tumble -- from the current average 9% or so to about 5%. Traditional lending institutions are also likely to grumble about the competition, claiming that peer-to-peer funders are crippling the long-term viability of that classic American company-builder: the small-business loan. But somehow both the S&Ls and P2Ps survive the year, albeit with increased regulation for the latter. Odds of a LendingClub IPO in 2014: 85%.