Mr. Shatalin's remedies included a huge sell-off of state assets - land, vehicles, buildings and businesses - to private owners or stockholders.
China's stock market, rebounding since a huge sell-off a few weeks ago, rose to a record.
High-yield, or junk, bonds have been victims of a huge sell-off that pushed yields higher but slashed the prices of the bonds.
And that, in turn, provoked a huge sell-off here.
The averages fell sharply, partly in reaction to a huge sell-off in the Chinese stock market.
Even bond funds were relatively unscathed, despite the huge sell-off that began in mid-June and ran well into July.
The announcement prompted a huge sell-off of airline stocks.
China's two major stock indexes fell sharply in a huge sell-off, and the Shanghai composite index was down 6.5 percent.
Undaunted, he said pretty much the same thing last week - and the result was to reinforce a huge sell-off in the bond market, which may undermine the very recovery he predicted.
After a huge sell-off here just a few weeks ago that helped set off a drop in global financial markets, China's stock market has rebounded and rose to a record Wednesday.