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Leon Cooperman : It's Not a Feel Good Economy
Posted by: Dheeraj Grover (IP Logged)
Date: June 30, 2012 09:13AM
Omega Advisors Founder and CEO Leon Cooperman talks about the economy and the European debt crisis.
On US Economy: Productiivty in US goes up by 2% every year and labor force grows by 1%. US Economy will need to grow at least 3% to just keep the unemployment flat or slightly reduce it. His view his that unemployment will not go down as economy will continue to meander at 1.9% to 2% rate. It is not a feel good Economy
He thinks given the current macro economic environment US Stocks give the most decent chance of
success vs. bonds
Here is the video:
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