Liquidity Tsunami Update
Over the last two weeks, Bank Reserves, an important measure of #Liquidity in the financial markets, have risen by nearly 8%.
No wonder the Dow and S&P hit new highs yesterday.
Read more from Macro Watch:
https://t.co/Q8UeWmUz9A
#TGA#Fed#QE#Stocks
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https://t.co/5VDXnjVRdx
@PaperMoneyEcon It seems like there is a constant dance between the forces of liquidity and fear of inflation. At any given point one is stronger than the other, equilibrium is aloof.
Stocks and gold are falling because Congress has not passed a new economic stimulus bill, which means the Fed will print less money. The market had priced in more stimulus and more “printing”. Things could get ugly. #stocks#gold#Fed#QE#Crash