The Economy is Worse Than You Think – Eddie Speed: Ep #447

In today’s episode, you’ll listen to a conversation I had with my good friend, Eddie Speed, who has been in real estate alongside me since the 80s. We discuss the different approaches we took, as well as important steps to take when the economy takes a downturn. We also break down the current real estate market and why the economy is probably worse than you think.

In the last 8 weeks, we have added $1.8 trillion to the national deficit. What does that mean for us and how will it affect interest rates, inflation, and more? And what impact is the election cycle and financial cycle having? In today’s economy, timing really does matter, and taking action—even if it isn’t perfect—is key.

Minute Markers:

0:53 – When Eddie started in real estate and what his expertise is in now.
4:17 – Why David wrote the article about why the economy may not be as good as you think.
7:29 – What interest rates can tell us now about where we’re heading.
9:07 – What many people don’t realize about inflation.
11:11 – Where the debt limit comes into play and how the election factors into that.
15:12 – What we should be looking at to hopefully tell us what to expect.
17:42 – What’s going on with deflation and where we’ll see it.
19:55 – What helps to stabilize residential markets.
25:50 – The importance of balance and how to position yourself in the current economy.

Featured on the Show:

Eddie Speed: LinkedIn | Colonial Funding Group
NoteSchool: Facebook | Website
David Phelps: Economy Is Worse Than Anyone Admits
Freedom Founders Discovery Call

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