| As custodian of the almighty dollar, the United States would provide liquidity to the system. |
| With dollar liquidity flooding the global financial system, foreign holders are accumulating amazing quantities of U.S. securities. |
| Was it the quants who failed to imagine how big price distortions could get across all markets when liquidity evaporates? |
| In the process, companies are finding that assets other than inventory and receivables can be mined for liquidity. |
| But the huge provision of liquidity by the Federal Reserve could weigh against the dollar. |
| Meanwhile, with liquidity returning to the credit market, the junk bond sector is once again getting geared up to sell paper. |
