Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik summarizes the latest developments in financial markets and the global economy. He discusses the strong readings in the US services sector that is challenged by terrible mortgage applications and a weakening consumer. Also covered are Europe's ugly recession and China's property sector defaults which both bring the danger of dollar strength.

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The Bitcoin Layer and its guests do not provide investment advice.

Chapters:

00:00:00 - State of the U.S Economy

00:02:56 - Manufacturing and Employment

00:05:43 - Near Record Corporate Bond Issuance

00:08:37 - Corporate Markets and Mortgage Applications

00:11:22 - Slowing US Consumer Spending

00:14:22 - The Complexity of Economic Data Analysis

00:17:06 - European Economic Recession and Weakness in the Euro

00:19:51 - The Impact on the Euro Market

00:22:33 - Weakness in China's Currency

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