Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.

What's really working in today's market, how to generate more leads,

make more money, and have more time for what you love in your life. And now your host, Tim and

Julie Harris. Welcome back. Today's part two. We are focusing on inflation. We're focusing on

the economy, interest rates, and all those other fun topics.

But why are we focusing on this? Obviously, we want to give you access to the information that will

settle to your nerves and help you to stay focused on being of service to other people.

But we are also giving you this information so that you can then educate all the people you know,

love, and care about so that they too can have a sense of calm through these economic, really uncertain times.

And that is really an important drill-down point.

We have never lived through a time in the economy like this.

A lot of people are going to relate this, Julie and I included, to what happened in the 70s into the early 80s.

And that really is the nearest, dare I say, comp for what we're experiencing the economy

right now.

But there's one huge bugaboo that's going to make this time truly unique.

Well, there's several, but the biggest one is the amount of U.S. debt.

And I'm not going to get into feigning a bunch feigning a bunch of economic boring points for all of you,

but just understand this. Before the ultimate way, before in the, when we were experiencing something

like this as a country in the early 80s and Paul Volcker raised the interest rates and mortgage rates

went to 19%. Well, let me just say this. Yes, people were still buying and selling real estate. But the biggest

difference was the national debt wasn't over $30 trillion. So when the Fed raises interest rates on, I mean,

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