Word: spiralled
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...August 1929 Waddill Catchings was rated a brilliant economist and success, the former because of his co-authorship of The Road to Plenty, which predicted a perpetual upward spiral of prices & profits, the latter because as the self-made head of Goldman, Sachs Trading Corp.., he was a millionaire many times over and the floater of Wall Street's two most spectacular investment trusts, Shenandoah and Blue Ridge. When they collapsed with Depression, Waddill Catchings, by then a director of 29 corporations, left Goldman, Sachs, has since been associated with Millionaire Harrison Williams whose North American Co. with...
...prosperity in England, are beginning to slide back again after only a moderate rise. All these are but isolated and striking instances of the fact that our brief moment of prosperity is over and that we are on the verge of being sucked down into the whirling spiral of depression and defeat...
Most interesting to gallery-goers last week was a roomful of Viking art. How capable Swedish craftsmen had become, thousands of years before the first Viking art keel to cold water, was demonstrated by several shapely, streamlined, finely ornamented axheads of the early Bronze Age. The spiral designs chased on them appeared also on brooches, bracelets, rings, spearheads of the 8th to 11th Centuries A.D. In a glass case all by itself was a Viking drinking horn of heroic capacity, as long as a man's arm, carved from a single piece of wood in the time of Leif...
...held his peace on one topic, he spoke out boldly on another of national concern: the upward spiral of commodity prices. He was visited by Fiorello LaGuardia of New York City, spokesman for other U. S. mayors, who protested a new PWA rule which requires all of the Federal grants for Public Works projects to be spent on relief labor. This was followed by a visit from a delegation of the House of Representatives who wanted to appropriate $300,000,000 more for PWA, which now has only $155,000,000 left to spend. To both, Franklin Roosevelt answered...
While a timely warning against the inflationary upward spiral in commodities was admittedly in order, President Roosevelt moved onto spongy ground in some of his examples and explanations. Commenting on the President's observation that trouble followed when the curve of durable goods industries passed the curve of consumer goods industries, Cleveland Trust Co.'s Leonard P. Ayres noted: "The recovery in durable goods is always faster than in nondurable goods. ... It is true that improvement in durable goods is greater than in nondurable, but it is also true that most of the men still unemployed need...