The Economic Confidence Model & Global Financial Interconnectivity
Historically, economic growth tends to follow periods of continuous expansion and after periods of contraction. Financial markets respond to this cycle as the macro environment determines the level of interest rates and consequently the liquidity conditions for every market worldwide. In several previous articles, we have examined models of business cycles, such as:
Below, another model is examined, Martin Armstrong's Economic Confidence Model (ECM).
Read more: Martin Armstrong's ECM Model Based on Pi {π = 3.141}