Cooperman warned that he sees signs of euphoria creeping into the market citing the SPAC and IPO boom as well as the “craziness in many of the stocks that the Robinhood crowd has latched onto.”
Although many on Wall Street have cheered low interest rates from the Federal Reserve, Cooperman reiterated that the central bank is only pursuing a policy of zero-interest rates because “things are bad in the economy.”
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So in the same interview he complains about the deficit and yet trump is good on the economy? A lot of the deficit is fueled by a trillion dollar tax cut that rewarded Cooperman and his friends.
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