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:http://bloom.bg/MF4iWC
About the author:I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne
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