到去年秋天的时候一切已经为时已晚。

By last fall, it was too late. The government, with Mr.

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华尔街日报本周报道，到去年秋天，部分国家地区的这个比例已经下降到历史正常标准。

By the fall of last year, the ratio had fallen back into line with historical norms in many parts of the country, the WSJ reported this week.

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商业活动所采取的措施以及消费者信心正逐步恢复到去年秋天在发生巨大的全球金融恐慌之前最后一次看到的水平。

Measures of business activity and consumer sentiment are returning to levels last seen before the great global financial panic of last fall.

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