| 11. | But Mulcahy said that the craze for red-chip stocks, and their currently unrestrained price spiral, could not last.
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| 12. | When prices spiral upward, as they have the last six months, heating oil dealers get stretched two ways.
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| 13. | In theory, that prompts workers to begin demanding larger pay raises, which in turn can ignite a wage-price spiral.
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| 14. | "If you don't get the wage-price spiral, then the inflation disappears when oil prices decline . " ( MORE)
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| 15. | But he stressed that " ongoing vigilance " was needed to make sure a wage-price spiral doesn't start later.
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| 16. | The gain was the largest since August, but analysts said there are no signs of an impending price spiral.
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| 17. | The real test will come next year in Spain and Italy, where there is the threat of a wage-price spiral.
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| 18. | The good news is that it's a different economy these days, and probably much less vulnerable to a wage-price spiral.
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| 19. | Sachs advocates letting the Brazilian currency float, a path Fischer has rejected as too likely to encourage a price spiral.
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| 20. | That's good news for oil companies, but analysts cautioned that it could lead to inflation if prices spiral sharply higher.
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