The best part of this interview is when Hardesty comments that the $17 Trillion in debt is backed by a significant amount of assets totaling $54 Billion (.3%), which he says on a leverage basis is not that much. If Hardesty thinks that .3% is a significant amount of assets he must be a subprime mortgage broker not a money manager and economist. I wouldn't let this putz manage my kids' savings accounts never mind my 401k or employees' pension plan.
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