To Calm Markets, NY Fed Announces New Heads Of The Plunge Protection Team.

Zoltan Pozsar "doomsday" report predicting that the Fed is about to lose control over short-term interest rates due to a reserve shortage, resulting in a repo market crisis, surging bond yields and a stock market crash, managed to do something few others have achieved: it caused a full-blown Fed panic.

The result was not only the earlier announcement that the NY Fed would inject over $500 billion in liquidity over the next month to avoid said repo crisis, which as we calculated would blow out the Fed's above $4.5 trillion to a new all time high...

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