Once the luxury market stabilized, confidence seems to have spread, "in the media, at work, with your friends," he said.
But prices in the U.S. and Europe quickly began to rebound later in 2009 after stimulus spending programs and easy-money policies stabilized confidence and pumped cash into the battered financial system.
The proposal "would help stabilize confidence and keep the U.S. from sliding back into recession," Moody's said.
In addition, 2646 women who were controls in either a nested case-control study of breast cancer (n = 1686) [ 37, 38], colon cancer (n = 461) [ 39], and colon polyps (n = 499), were free of cancer other than nonmelanoma skin cancer, and were genotyped for the three NAT2 polymorphisms were included in unconditional logistic regression analyses to stabilize confidence intervals.
This year's fair has so far indicated that the art market has stabilized and confidence has begun to return, as measured by sales volume and artwork prices.
Those actions, in addition to similar moves by European and Asian governments, appeared to stabilize investor confidence.
The main criticism of Europe's strategy was its reluctance to pull out a "big bazooka," such as the announcement of unequivocal debt pooling within the eurozone, which as proposed by former US Treasury Secretary Henry Paulson during the 2008 financial crisis, would allow the leadership to get ahead of markets and stabilize investor confidence.
Much hope exists, particularly on Wall Street, that the economy will recover on its own by the end of the year, and that companies will resume their purchases of new equipment, particularly computers and communications gear, and stock prices will stabilize, restoring confidence that family wealth will survive intact.
If we can stabilize quickly, confidence can rebound quickly.
If we can stabilize quickly, confidence can rebound quickly," he said.
Retail sales rose in April, and consumer confidence stabilized, suggesting that consumer spending, the chief bulwark of the economy, was weathering the slowdown.
