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graveyard spiral

graveyard spiral
 n.— «You’re talking here about the possibility of a graveyard spiral: increasing rates forcing reductions in purchases.…If the commission today freed the company to go forward with the Midland project, it may have freed the company to commit economic suicide.» —“Consumers Power’s Plan Is Approved For Gas-Fired Project at Midland Plant” by John Bussey Wall Street Journal Oct. 23, 1986. (source: Double-Tongued Dictionary)

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