Understanding the ECM

Perhaps the greatest misconception about the Economic Confidence Model is that it is somehow the only model. This is simply not true. This model tracks the global economy and the flow of capital around the world. It is when capital concentrates within a single market, sector, and region, that we get the big Phase Transition (Bubble) Rallies.

See:

http://armstrongeconomics.com/models/7219-2/

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