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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.

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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