Now at Grade 4 ("Significant stress period"), associated with greater than 50% chance of a "Systemic Stress Episode" according to [1]. Previous events: LTCM res

Now at Grade 4 ("Significant stress period"), associated with greater than 50% chance of a "Systemic Stress Episode" according to [1]. Previous events: LTCM rescue, Bear Sterns collapse and Lehman Brothers failure. [1] https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2012-economic-commentaries/ec-201204-the-cleveland-financial-stress-index-a-tool-for-monitoring-financial-stability.aspx https://www.clevelandfed.org/newsroom-and-events/publication...