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Don't over-tighten, having to wrestle it back with sore or blistered hands is not fun!
That deal, which was negotiated as credit markets were tightening, had some challenges getting done.
With a lag, that tightening has had the predicted result.Still, the slowdown has proved much sharper than expected.
But the belt-tightening has some upsides.
Government belt-tightening has increased the need for private money.
Constrained by politicians, the RBI's tightening has been timid.
Fiscal tightening has been extreme across much of Europe.
Actually the tightening has already begun because the markets have increased long-term rates.
Such belt-tightening had proved necessary even in the months before the rescue.
A decade of belt-tightening has starved the country of much-needed investment.
Still, you could wonder what impact belt-tightening had on the present season.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com