The most widely cited example of a deflationary economy is Japan. But Japan has experienced a low rate of inflation and some sustained short periods of deflation without ever producing a downward price spiral.

In addition, net foreign capital inflows are likely to dwindle for several quarters at least, affecting domestic monetary conditions while aggregate demand is weak. As such, the PBoC will need to maintain counter cyclical policies in order to avoid a deflationary spiral.

Italy s Downward Spiral

My spine curves spiral.

Indeed, the deflationary spiral, particularly in Greece and Spain, is causing output to contract so rapidly that further spending cuts and tax increases are not reducing budget deficits and public debt relative to GDP. And Europe s preferred solution more austerity is merely causing fiscal targets to recede faster.

It's a deflationary force, if not handled right.

But some observers, such as Nobel Laureate Paul Krugman and former US Treasury Secretary Larry Summers, continue to doubt whether QE can really be effective. As Krugman recently put it, a deflationary vortex is dragging down much of the world economy, with falling prices causing an inescapable downward spiral in demand.

A snail's shell is spiral in form.

OK, so here, this is the book spiral.

The spiral thread we call a solo hot spot.

She carries a mean spiral notebook and a pen.

In fact, I see it more as a spiral.

So let's call it the death spiral of negativity.

First, there was no automatic deflationary pressure following from some alleged peculiarity of the adjustment mechanism. The question of overall deflationary or inflationary impact depended (and still depends) on the total quantity of money.

UNCTAD stressed the role of diversification in avoiding this downward spiral.

And I think if Grace Kelly is the most glamorous person, maybe a spiral staircase with glass block may be the most glamorous interior shot, because a spiral staircase is incredibly glamorous.

And there is a very nice spiral up in the upper left.

Deflationary pressures eased in Japan but firm evidence that deflation has ended is still awaited.

One major concern relates to the destabilizing and deflationary feedbacks among trade, debt and finance.

Even barring such a nightmare scenario in 2012, the summit sowed the seeds of future conflicts over the emergence of a two speed Europe and the false economic doctrine guiding the eurozone s proposed fiscal pact. That doctrine, by imposing austerity in a period of rising unemployment, threatens to push the eurozone into a vicious deflationary debt spiral from which it will be difficult to escape.

Rockets often spiral out of control if you put too much propellant in them.

They become consumers and producers and local economies begin to spiral up very rapidly.

In short, an optimal path of fiscal austerity would, in most countries, imply a back loaded but credible commitment to medium term consolidation, together with short term additional stimulus when necessary and allowed by market conditions, thereby avoiding the prospect of a deflationary and recessionary spiral. Unfortunately, the main advanced economies are following a divergent path which, in some cases, will lead them in the opposite direction in 2011.

The best way to spiral into a cycle of poverty is to kill the parents.

The downward spiral, which, above all, hurts the ordinary people of that nation, must be reversed.

Each time that tensions had begun to lessen, however, the two parties would again spiral into violence.

I'll put it over here, and as I move this away from the source, you'll notice the spiral.

There's the aggregate and flagelliform silk glands which combine to make the sticky capture spiral of an orb web.

While last week's firing incidents were ultimately contained, the risk was great that events could spiral out of control.

In the case of the capture spiral, it needs to be so stretchy to absorb the impact of flying prey.

And here's a beautiful picture of the Andromeda Nebula, which is our closest, largest spiral galaxy to the Milky Way.

Otherwise, we will continue in a never ending spiral of in action, to return, year after year, to begin again.

But they too would benefit from an agreement that would prevent a dangerous and costly spiral in fissile material production.

To give you some sense of the power of this idea, the biggest block is what we call the book spiral.

They bail out as soon as they get to the top of Saint Ivo, that little spiral structure you see there.

What is the reason for the unstable situation in the Middle East and the continued tension and spiral into violence there?

As that important stage approaches, every effort must be made to ensure that there is not a new spiral of violence.

And that's why I lump growing lethality of hatred and death spiral of negativity under the general rubric, reasons to be cheerful.

Those requirements have ramifications for protecting the global climate, ensuring sustainability of energy resources and restraining the escalating spiral of fuel prices.

The economy is suffering a downward spiral which fuels political tensions and deteriorating social conditions, leading to an increasingly worrying humanitarian situation.

But, rather than recognize the likely drivers of these developments namely, a seemingly chronic shortfall of global aggregate demand amid a supply glut and a deflationary profusion of technological innovations and new supply chains the Fed continues to minimize the deflationary impact of global forces. It would rather attribute low inflation to successful inflation targeting, and the Great Moderation that it presumably spawned.

Fiscal consolidation means less public spending. And less spending means less upward pressure on prices which is the last thing Europe needs in a deflationary environment.

In particular, since the terrorist attacks of 11 September, there had been a spiral of violence, discrimination and physical aggression against that community.

Experts pointed out that both inflationary and deflationary pressures have eased at this time. This was undoubtedly good news for the financial and economic structural transformation stage.

And the wonderful thing about the new bookstore is, it's going to be shaped in a spiral that's organized by the Dewey Decimal System.