3min chapter

Coin Stories with Natalie Brunell cover image

Luke Gromen & Preston Pysh: Macro + Bitcoin Outlook for 2023 - "Mild Recession Not an Option"

Coin Stories with Natalie Brunell

CHAPTER

Do You Think the Jobs Report Is as Strong as They Claim It to Be?

The labor market is both super strong and weak at the same time right i mean u.s tax receipts u.s treasury receipts are down in november and december so how can the labor market be good? The top five percent of us taxpayers pay 60 percent of the individual tax payments 30 percent of overall uh and these people a lot of them they don't make most of their money hourly or even annually Most of it is sort of variable incentive comp based on equity markets or other asset markets and the asset markets had a terrible year last year. I think you're in this weird time where overall i think the labor market is still tight  in some areas a little less tight in

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