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Greenspan Farts, Market Tumbles
Greenspan Farts, Market Tumbles
NEW YORK (AP) -- American stock markets nose-dived today immediately
after a press conference at the Federal Reserve Bank, when Alan
Greenspan, Fed Chairman, passed gas in an audible expulsion of
flatulence. Investors, spooked by the ominous noise, panicked.
The Dow Jones industrial average lost 364 points in 20 minutes.
Luckily for investors, the Fed Chief then uttered vague,
ambiguous statements which could be interpreted as hints of an
upcoming rate cut by the masses of illiterate investors. The
market soared up more than 450 points, restoring confidence in a
bullish market even in the face of the sensational Asian crisis.
A key banking player from Merrill Lynch & Co., speaking on
condition of anonymity, said, "That really stank. Greenspan must
have eaten beans for breakfast." Other bankers at the press
conference expressed similar misgivings about Greenspan breaking
wind. "It sincerely disturbs me that this man's accidental
passing of gas affects market performance in such a substantive
way," said another banker. "Doesn't anyone believe that market
behavior depends on more than this single man's intestinal fortitude?"
Representatives at the Federal Reserve issued only a single
statement, saying "Greenspan is in good spirits, and seems to be
amused that majorities of investors give his flatulance this
power. He is in good health, and his intestinal disturbance
passed." The Dow index gained 90 points within 2 minutes of the
release of the Fed statement.
George Soros, billionaire hedge fund manager and global money
market speculator, said regarding Greenspan's noxious vapors,
"I don't give a damn what Alan ate for breakfast. This entire
spectacle is ridiculous. If you or I farted, as everyone does,
probably no one would notice. But for some insane, perhaps inane
reason, nearly every American and many foreign investors dote on
Greenspan's every comment and action, interpreting them as signs
of apocalypse or a wealthy paradise, depending on their mood."
In this exclusive report, a senior Fed official, speaking on
condition of anonymity, said, "Perhaps I'm the only one in the
world who sees rate cuts as a psychological panacea. A truly
stable, substantive economy takes more than a slightly lower
interest rate in an already flawed system of debt mechanics.
We need to restructure the economy on solid grounds with long-
term growth goals. The economy must not be structured only to
increase the short-term profits of investors who are only
interested in the bottom-line monetary numbers, but who do not
care about the real effects their money has in our world."
Fed officials declined further comment on the incident. Some
financial analysts believe Greenspan's foul air is a clear
sign the Fed will decide to cut interest rates at next week's
strategy meeting.
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NOTE: In accordance with Title 17 U.S.D. section 107, this erroneous and
humorous material is distributed without profit or payment to those who
have expressed a prior interest in receiving this information for purpose
of laughs and giggles only.
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Mark Hedges [email protected] www.infopeace.com
"One does not establish a dictatorship in order to safeguard
a revolution; one makes the revolution in order to establish
a dictatorship." O'Brien from 1984, George Orwell
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