1. Economic Models April 22, 2016

2. Short Term Debt Cycles Inflationary Environment Decreased Interest Rates Increased Spending (Credit) / Production Increased Prices (Inflation) Deflationary Environment Increased Interest Rates Decreased Spending (Credit) / Production Decreased Prices (Deflation)

3. Interest Rate Module Inflationary Environment Decreased Interest Rates Increased Spending (Credit) / Production Increased Prices (Inflation)

4. Spending Module Ask: who is borrowing? Inflationary Environment Decreased Interest Rates Increased Spending (Credit) / Production Increased Prices (Inflation)

5. Production Module (Generally, a constant rate of progress) Inflationary Environment Decreased Interest Rates Increased Spending (Credit) / Production Increased Prices (Inflation)

6. Inflation Module Inflationary Environment Decreased Interest Rates Increased Spending (Credit) / Production Increased Prices (Inflation)

7. Economy and the Stock Market

8. The Elfenbein Theory