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
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
