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I might be wrong here but I figure the rates are controlled by their Central Bank. Meaning the rates are low, so borrowing can be high. Like Sweden. On a side
by seivan 11y ago
I might be wrong here but I figure the rates are controlled by their Central Bank. Meaning the rates are low, so borrowing can be high.
Like Sweden.
On a side note aren't all software engineering startup-jobs basically in Ponzi Finance problem? We should be worried by this. I always got the feeling engineering jobs are primarily driven by a bunch of startups running on credit, thus very very very volatile and unstable.
- greglindahl 11y agoIt's true that there are a lot of apps making money by showing ads for other apps. The actual money coming in is from VCs and "whales" making in-app purchases in games... both of which could dry up.
- icebraining 11y agoNot all startup jobs; there are plenty of (mostly) boostrapped tech startups outside of SV. We just don't make the news :)
- seivan 11y agoIf a tech startup does not make a sound.... ;-)