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By Ed 'Hack' Wheely
Posted on June 30, 1999 11:21 am, in News Byproducts
Washington (NBp) - Federal Reserve Bank Chairman Alan Greenspan announced
today that the central bank is raising interest rates in an effort
to stave of inflation. In related comments, he announced that he has
been raising a number of cats.
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| Greenspan, shown here with Treasury Secretary
Rudin and Princess, announced that he is raising cats and interest
rates. |
"It is my belief that people are not reliable predictors of the
economy. Therefore, I have taken to raising cats with the express
purpose of using them as economic forcasting tools. Cats have
amazing intuition," remarked Greenspan.
"In 1996, I found that one of my kittens, Princess, was acting
irrationally exuberant. I immediately recognized the parallel with
the stock market and made that famous speech."
"Recently, Spuds has been acting especially selfish and egocentric,
which will surely lead to his downfall within the group. Therefore,
in an effort to keep America's economy humming along without a glitch,
it is the decision of the Federal Reserve Bank to increase the
prime rate."
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