"This is fertile ground for a pernicious negative spiral, which then also affects expectations," Mr Draghi noted in May.
Could this campaign reduce health care costs by focusing older adults on muscle maintenance long before the pernicious downward spiral toward frailty begins?
Depression worsens health conditions and exacerbates disability contributing to a pernicious downward spiral [ 2].
Added to this, strong trade unions, little international competition and those accommodating central bankers created a pernicious wage-price spiral.
Other economists reckon that with productivity high and wages muted, a pernicious wage-price spiral of the kind that lay behind soaring inflation in the 1970s is unlikely.
More revealing on the pernicious effects of fame is Brillstein's own confession of spiraling into self-destructive egomania.
Indeed, there is an especially pernicious, albeit remote, scenario in which inflation turns negative against a backdrop of weak aggregate demand, engendering a corrosive deflationary spiral".
Defending the interest-rate policy, Greenspan used uncharacteristically brutal language to depict a nightmarish "pernicious, albeit remote, scenario in which inflation turns negative against a backdrop of weak aggregate demand, engendering a corrosive deflationary spiral".
