Biden Puts Stocks, US Future in Jeopardy: Billionaire

President Joe Biden’s policies have put the future of the U.S. in jeopardy, warns Leon Cooperman, CEO of hedge fund Omega Family Office, Yahoo Finance reports.“I think the bulk of the market is coming down,” Cooperman says. “Earnings are up a bit, but if you take out the Sainted Seven, the market is down for the year.”

“You see companies doing relatively well and not being rewarded, and I think it’s because of the macro environment,” Cooperman says. “I’m less worried about inflation than I’m worried about the fiscal position of the country,” the hedge fund manager says. “We’re borrowing from the future through extremely aggressive fiscal policies, which bear no relationship to what the country can afford.”

“When Donald Trump was president, he was running a trillion-dollar deficit, and the economy was fully employed,” he says. “Biden has made it worse because of economic circumstances and two wars.”

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Goldman says buy puts on these sell-rated stocks likely to disappoint this earnings seasonThe firm highlighted stocks with weak fundamentals as a put options play.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

15 Stocks to Buy as ‘Hawkish’ Fed Keeps Door Open for Future HikesStocks Analysis by Investing.com (Jesse Cohen) covering: . Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Japanese stocks rise for third session as Hong Kong stocks gainSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »