Zeev's Turnips Patch-No Politics (ZEEV)

[sarai]

AG has been providing life support to the equity markets for quite a while now. Given the performance of the US$ one can assume Easy Al's liquidity flow has reached the point of diminishing returns. Greenspan finds himself in a real catch 22 situation, of late. Injecting liquidity to aid equities weakens the dollar, which hurts stocks, and it all becomes very circular. Kind of lends new meaning to the old mantra, "Don't Fight the Fed!".

Easy Al & money flow: http://app.ny.frb.org/dmm/mkt.cfm