/biz/ - Business & Finance

>>56045849
The EU is fucked. At some point they'll have to bite the mass layoffs pill. Unemployment is the fever that will cleanse the body of its infection. In the meantime, everything's circling the toilet (FS, retail/eCom, tech), except monopolistic utilities. Also, it's not the sole/primary cause, but nobody wants to speak about how much London, Frankfurt, Zurich (etc.) are missing Russian money. Especially London.

>Work in tech
>Big layoffs are finally, actually starting

>>55772281
The difference is bankruptcy is terrible for your credit rating, which is the means by which the lender determines the terms they'll offer you, in order to protect their investment. It's risk and reward. The riskier you are, the bigger the reward they'll need to justify it which they'll achieve by offering you unfavourable APRs (if they don't reject you outright). Access to cheap money is very valuable as you get older. Bankruptcy makes it hard to get.