In the meantime, China's traditional, investment - driven growth model is plunging the country into a downward spiral of debt and overcapacity. (fortune.com)
We don't want to fan debt - financed appreciation in the price of a major asset because when the escalation reverses, it can trigger a self - feeding spiral of debt defaults. (canadianbusiness.com)
Many commentators turn to anecdotes from the 1980s or 1990s, when deficits led us into a corrosive spiral of debt. (macleans.ca)