Hello out There

Fed now accepting a wider band of that really GOOD collateral, expanded ABS to credit card receivables, auto loans, student loans and under consideration CDO's...no monetization there, yeah right...
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APFed joins with European banks to battle credit crisis Friday May 2, 8:20 am ET Fed takes moves with European banks to battle ongoing credit crisis

WASHINGTON (AP) -- The Federal Reserve in coordination with European central banks says it will expand a series of efforts to deal with a global credit crisis.The Fed on Friday announced that it was boosting the amount of emergency reserves it supplies to U.S. banks to $150 billion in May, from the $100 billion it supplied in April. The Fed took this action and several other moves to boost credit in coordination with the European Central Bank and the Swiss National Bank.

The latest action was part of a series of moves the Fed has made since a severe credit crisis struck last August.

Friday's employment data, they sure are trumpeting the great news that it came in better than expected...non-farm payrolls -20K vs -80K expected

However, the Birth-Death Model showed a creation of +267K (construstion +45K, professional +72K, Leisure & Hospitality +83K top categories)

Frustrated