“The next time someone asks ‘why is Yellen so terrified of even the smallest possible rate hike’, show them this chart above and explain that the Fed vividly remembers what heppened when LTCM blew up. What the Fed doesn’t want, is not one but one thousand LTCMs going off at exactly the same time in what is now the world’s most levered trade.”

http://www.zerohedge.com/news/2015-03-18/here-why-fed-cant-hike-rates-even-025

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