il nonnetto consiglierà pimco pallino

gli spedirò una mail in cui gli narrerò dell'affetto che gli abbiamo riservato ai tempi d'oro
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e lo inviterò in virtù del nostro legame empatico a darci ogni tanto una dritta
Greenspan, in First Post-Fed Role, Will Advise Pimco
May 16 (Bloomberg) -- Alan Greenspan, the former Federal Reserve chairman who recently said the U.S. economy may stagnate, will advise the world's biggest bond fund in his first role since leaving his position overseeing monetary policy.
He will advise Allianz SE's Pacific Investment Management Co. on strategy during quarterly economic forums, said Foong Hock Meng, head of Pimco's Singapore office. Greenspan, 81, will join Bill Gross, Pimco's chief investment officer who also manages the $100 billion Total Return Fund for the Newport Beach, California- based company.
``This engagement provides Pimco with unique access and insight from the former Fed chairman, whose perspective on financial markets, global economic trends an investor behavior is truly special,'' Foong said in an interview. Lisa Panasiti, a spokeswoman for Greenspan, declined to comment.
Since retiring from the Fed in January 2006 after 18 years as chairman, Greenspan has been giving paid talks to audiences around the world and writing a book, ``The Age of Turbulence,'' to be released in September.
Greenspan guided the U.S. economy through its longest expansion and became known for often-cryptic congressional testimony and phrases such as ``irrational exuberance'' that stirred markets.
Former Fed Vice Chairman Alan Blinder and fellow Princeton economist Ricardo Reis wrote in 2005 that Greenspan had a legitimate claim to being the ``greatest central banker who ever lived.''
In public appearances since leaving the central bank, Greenspan has refrained from commenting on monetary policy. Still, he opened up recently about his economic outlook.
Greenspan's Comments
In late February and early March, Greenspan predicted that U.S. economic growth might stagnate, a view at odds with those of Ben S. Bernanke, his successor, and other Fed officials.
In a March 5 interview, Greenspan said there's a ``one-third probability'' of a recession this year and the current expansion wouldn't have the staying power of its decade-long predecessor.
The U.S. economy grew at a 1.3 percent annual pace in the first quarter, the slowest in four years. Some economists expect that to be revised to below 1 percent. Yet with inflation still running above the comfort zone stated by some officials, Bernanke has been reluctant to consider an interest-rate cut.
The Fed reiterated last week that inflation remains its ``predominant'' concern and that a ``moderate pace'' of economic growth is likely over the coming quarters, according to its May 9 policy statement. The Fed has left the benchmark U.S. interest rate at 5.25 percent since June after two years of increases.
Greenspan said on May 11 in Singapore he sees a 2-to-1 chance the U.S. will avoid a recession even as the economy slows.
The decision of Greenspan to advise Pimco was first reported in the Wall Street Journal.
Allianz's American depositary receipts, each representing 1/10th of a share, rose 18 cents, or 0.8 percent, to $21.89 in New York Stock Exchange trading yesterday before the announcement. The ADRs have risen 7.2 percent this year.