The collapse also coincided with a sharp fall in commodity prices that, together with rapidly eased monetary policy and possibly stimulus, fueled their recovery.
She said that China needed to let its currency rise more rapidly to ease the trade imbalance with the United States.
"While the pace of slowdown is stabilizing somewhat, weakening external demand is starting to bite," said Qu Hongbin, China economist at HSBC. "This, plus ongoing property market corrections, adds to calls for more aggressive action on fiscal and monetary fronts to stabilize growth and jobs, especially with prices easing rapidly".
In easing rapidly and proactively, we sought to offset, at least in part, the tightening of credit conditions associated with the crisis and thus to mitigate the effects on the broader economy.
Nominating Summers could create an expectation that the Fed would wind down quantitative easing more rapidly than the market currently thinks, which could conceivably lead to a spike in long-term rates.
"People's quantitive easing" is also rapidly floating down the agenda, a device only to be considered in times of recession.
For example, much of the mail stream could be rapidly replaced by electronic mail, easing the cost of disinfecting and inspecting mail.
El Niño is rapidly filling California's once-dusty reservoirs, easing drought.
Murray rapidly grabbed three set points on his serve and Djokovic obliged by easing the ball an inch long.
Anybody who saw the Rockwell retrospective at the Brooklyn Museum 30 years ago might recall these same arguments being waged back then, when they were already 50 years old and no less beside the point -- the point being that Rockwell was good at what he did, which was to use old-fashioned charm and self-effacing dignity to help ease a rapidly changing nation's difficult passage into the future.
