The perfect is always used to express an action previous to another past action. I thought he had already left. He said that he thought they had already left.
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Enchantedsubjunctive ... ?No. No subjunctives here. would is not associated with the subjunctive, if that's what you were thinking.
EnchantedWhat is the best way to identify subjunctives?It may be better just to ignore them! English has so few forms that are obviously subjunctive that it's not often you'll see them. Most subjunctive forms are the same as non-subjunctive forms, so there's no way to be sure.
EnchantedJim's is that "think" first happens, then would have conisder happens later."think" is the part that gives an opinion. The opinion is about the possibilities of what may have happened earlier. Look at the chart I drew for you. The farther to the left something is on the chart, the earlier in time it occurred. I have placed "would have considered"