Comment by mardifoufs

Why would it be? Europe is getting hit a lot harder and its economy is quickly collapsing. European banks were also weaker and less stress resistant than their US's counterparts so their ability to lend isn't a strong. Same thing for the EU corporations themselves, who are usually more in debt and have less access to non-bank financing (ie public bonds markets). So I'd be really surprised if we saw more lay offs in the US at the end of this