Spin correlations in an interacting electron liquid are studied in the high-frequency limit and in both two and three dimensions. The third-moment sum rule is evaluated and is used to derive exact limiting forms (at both long and short wavelengths) for the spin-antisymmetric local-field factor, ${limop}_{\stackrel{\ensuremath{\rightarrow}}{\ensuremath{\omega}}\ensuremath{\infty}}{G}_{\ensuremath{-}}(\mathbf{q},\ensuremath{\omega}).$ In two dimensions ${limop}_{\stackrel{\ensuremath{\rightarrow}}{\ensuremath{\omega}}\ensuremath{\infty}}{G}_{\ensuremath{-}}(\mathbf{q},\ensuremath{\omega})$ is found to diverge as $1/q$ at long wavelengths, and the spin-antisymmetric exchange-correlation kernel of time-dependent spin density functional theory diverges as ${1/q}^{2}$ in both two and three dimensions. These signal a failure of the local-density approximation, one that can be redressed by alternative approaches.
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