Moody's warns that the private label credit cards are going to be in trouble as more and more retail stores close. Q1 GDP was revised to an incredible 1.4.
What made GDP surge, the spending on recreational vehicles. Banks begin to buy back there own stocks, this is not going to help the economy. The Treasury will run out of money by mid-October.
Fed Ballard says the Fed has lost control of the market. Traders are worried about what Yellen says. The central banks are working with each to crash the system.