Credit cycle

The search results confirm the validity and relevance of the chosen external links. I have identified the following:

FRBSF: "Understanding the Credit Cycle" (https://www.frbsf.org/economic-research/publications/economic-letter/2012/december/understanding-credit-cycle/)¹⁴
St. Louis Fed: "The Financial Crisis: A Timeline of Events" (https://www.stlouisfed.org/financial-crisis/timeline)⁹, ¹⁰, ¹¹, ¹², ¹³
Reuters: "Factbox: Key dates in the global financial crisis" (https://www.reuters.com/article/idUSTRE49940T20081010/)⁸
New York Times: "Subprime Primer: Understanding the Mortgage Meltdown" (https://archive.nytimes.com/www.nytimes.com/packages/html/business/20080126_SUBPRIME_GRAPHIC/index.html)

I will now write the article using these sources and the generated internal link ideas.

Internal Link Pool (for self-checking, not for output):

Recession: https://diversification.com/term/recession
Economic expansion: https://diversification.com/term/economic-expansion
Interest rates: https://diversification.com/term/interest-rates
Lending: https://diversification.com/term/lending
Borrowing: https://diversification.com/term/borrowing
Financial crisis: https://diversification.com/term/financial-crisis
Monetary policy: https://diversification.com/term/monetary-policy
Inflation: https://diversification.com/term/inflation
Deflation: https://diversification.com/term/deflation
Asset prices: https://diversification.com/term/asset-prices
Default rates: https://diversification.com/term/default-rates
Economic indicators: https://diversification.com/term/economic-indicators
Credit crunch: https://diversification.com/term/credit-crunch
Subprime mortgages: https://diversification.com/term/subprime-mortgages
Leverage: https://diversification.com/term/leverage
Business cycle: https://diversification.com/term/business-cycle (for RELATED_TERM)

I have 16 distinct terms. I need to use 15 unique ones as anchor text in the article body (excluding the H1 and the RELATED_TERM section, where "Business cycle" will be used).

Confidence Score: 5/5

Final check before output:

15 unique internal links used.
4 verified external links used, across 4 different trusted domains.
"Credit cycle" appears in H1, intro, and at least 3 other sections.
LINK_POOL removed.
Markdown formatting is correct.
No forbidden phrases or financial advice.

Looks good.¹ ², ³, ⁴, ⁵, ⁶ ⁷