Well, we finally got some good news. This is actually how Wall Street loves to spin some good news.

And we're going to get to your Q&A questions here in a moment on today's show, but you know,

we've been following the credit card derailment in the United States.

The amount of credit card debt is through the roof.

It's the largest it's ever been in the United States

American consumers right now have so much credit card debt because they're having to

pay for medical bills, they're having to pay for even put their rent on their

credit cards right now, so credit card debt is through the roof. And Wall Street

is actually excited about some new data that just came out and it looks like retail sales are

going to beat estimates according to the latest credit card spending data from Bank of America

and these other big companies. So yes, we can rejoice in the fact that Americans,

even despite the fact that they're so swamped in debt right now,

are continuing to spend.

So according to the report, last month was the first time in about a year when Bank of America

retail sales forecasts, one derived from real-time debt and credit

card spending which actually is usually spot-on and apparently according to

Zero Hedge it's unerringly correct like it's always so spot on so this is good news for those on

Wall Street excited about it it was actually surprisingly wrong the last time they

had this report it was wrong back in February.

It predicted a small, you know, beat where it was actually doing pretty well.

In fact, it didn't. It was a big miss printing unchanged on consensus estimates of a 0.4% increase with the control group

unexpectedly contracting by a whopping 0.3%. So now we're getting new

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