Leon Cooperman, Omega Family Office CEO, warns of an impending U.S. financial crisis, attributing it to “massive debt” that is “out of control”, criticizing both Republicans and Democrats. He emphasizes the need for cooperation in a crisis environment, expressing concern about current policies.
The Omega Family Office chairman is staying away from “overvalued” U.S. government bonds, noting an “extraordinarily bifurcated” stock market. Despite the Federal Reserve hinting at rate cuts in 2024, Cooperman is skeptical, suggesting the market has entered a bear market.
Billionaire investor warns over impending financial crisis: ‘Nobody’ knows when it will hit
January 18, 2024
Article from Fox Business by Alicia Warren
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