Business cycle theory 101. The market will eventually turn around. But the question is whether you want the government to pick how it grows or you.
This is a bit off topic, but I never liked the term “sovereign debt.” The people are supposed to be sovereign, at least in more modern states. I realize they aren’t actually—otherwise there’d ne no such crime as treason—but we pretend they are. You can argue that since the people run the government via elections at least to a certain extent they are ultimately responsible. Really, though, it’s government debt, not popular debt. Methinks “sovereign debt” serves merely to throw the public off the scent.
North Korea should be booming any day now