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Not easy or quick to be sure, the number of nasty selloffs in markets over recent years are indicative of the restructuring having a bumpy landing. Weeks where decades happen come every few months. Likely still a ways to go.
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Ahaha, I actually watched it too but now I don't remember too much of what he said.
I do remember he said that the main policy is to keep the deficit under X% of GDP and GDP growth above Y%. A "grow our way out of the debt crisis" kind of approach.
I remember being skeptical as to whether we'd be able to achieve either of the two arms of that policy.