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In Libya's case, the surge is a bounce-back from an even more precipitous slump while war raged.
That would be the most precipitous slump in the European Union since the economies of the now 28-nation bloc began to shudder under the impact of a rolling debt crisis more than three years ago.
The fall of Bank rate on Thursday by another half per cent is an outward and visible sign that the dramatic and precipitous slump of the last three weeks in Wall Street has definitely relieved the pressure on the world's money markets which the New York situation has been exerting so continuously for the last two years.
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It explained much of the sharp fall on the slump in popularity of notebooks, as people switch to tablets and smartphones.Penney pinchersThe board at J.C. Penney recruited Mike Ullman back into his old job as chief executive, after a precipitous drop in sales.
But it appears to have taken the yen's precipitous slide to bring the wider repercussions of the regional slump into sharp focus.
Revenue from the bank's fixed-income trading swooned 26 percent, to $2.78 billion, a more precipitous drop than at JPMorgan Chase, which also reported a slump in trading revenue on Friday.
The slump in the Shanghai stock market, for instance, while precipitous, was, from the perspective of the U.S. economy, a non-event.
It was a precipitous fall.
Their fall has been precipitous.
Perspicacious or precipitous?
Fertility decline is not some precipitous event.
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