For the moment, we can use the past tense, because the immediate crisis has subsided.
The enthusiasm among Democrats for Barack Obama has subsided under the depressing pall of events since 2009.
But as Bernanke took pains to reassure the market, and as the stock market recovered, the panic has subsided.
By the time I arrived, however, the war in Mozambique was over and the attacks had subsided.
The anti-gay-marriage protests have subsided, and so has the talk of a new French revolution.
Again the same language of resignation; but the spirit has subsided since, and we hear no more of it.
The cry that the church was in danger, had not yet subsided.
With some difficulty Barney had got hold of Pat, whose barking had subsided into a rumbling growl.
She pointed to his History and subsided into her English Poets.
Distant bells rang out; a rumbling noise fell on the ears, and then subsided.