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Question

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Answer 1

If something such as the value of something slumps, it falls suddenly and by a large amount.

Government popularity in Scotland has slumped to its lowest level since the 1970s.
 

From: Collins Cobuild 5 dictionary.

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Also:

 If you describe an event or attempt to do something as a fiasco, you are emphasizing that it fails completely.
The blame for the Charleston fiasco did not lie with him...
It was a bit of a fiasco.
= debacle

From: Collins Cobuild 5 dictionary.

Answer 2

-Lose one's grip

I guess this one is close to what u meant!

antonym: rags to riches

Comments

Hi dear Sarah

Based on the following reference:

lose one's grip

to lose understanding or control.
http://www.thefreedictionary.com/lose+one's+grip
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Also, based on the Collins Cobuild 5 dictionary:

If you lose your grip, you become less efficient and less confident, and less able to deal with things.

So, ?

 

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