What does reset mean?

When a non-technical person says, “reset” I have to examine the context carefully and frequently ask more questions. They could mean anything from closing an application and restarting it to unplugging the computer without going through a graceful power-down process.

Steve Ballmer is saying:

“I often think of this as an economic reset. It’s not a recession from which you recover,”

I think this is much closer to someone else yanking the power cord from the wall on your computer while it is still running than simply closing an app then trying it again. I just hope the computer doesn’t catch on fire and the electrical wiring in the building fuses into a blob of molten metal during this “reset”.