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Published 6 months ago

Hedge fund billionaire Leon Cooperman, in rare public rebuke of a Republican candidate, says Trump ‘belongs in jail’

  • Leon Cooperman, a hedge fund billionaire, expressed his strong disapproval of Donald Trump and believes it would be terrible for the country if Trump were reelected. He also criticized Joe Biden as a bad choice for a potential rematch in 2024.
  • Cooperman voiced concerns over the risks posed by the violence in the Middle East and how it could impact the financial markets. He highlighted the potential financial impact and stated that recent selling on Wall Street suggests that the stock market is catching up with reality.
  • Cooperman criticized the lack of fiscal discipline in Washington and the increase in the national debt under both Trump and Biden's administrations. He argued that current monetary and fiscal policies have brought demand forward and expressed his belief that the stock market is overvalued.
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