Leon Cooperman: My guess is we're in store for a difficult period

Leon Cooperman, founder, chairman and CEO of The Omega Family Office, joins 'Closing Bell: Overtime' to discuss hawkish comments from Fed Governor Lael Brainard and where he sees opportunity right now. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@craigthebrute3945]

Awwww Leon, do you feel like crying again? Bless!

[@cg5648]

🤣

[@roch6678]

“Unless we are going to fiat currency…” the US dollar is considered fiat currency…

[@stevejones5075]

Lol, put the old man back in his home

[@GaryARahn]

The USD is mostly backed by mortgage, auto, business loans, and allegedly some Gold. Only the deficit spending fraction is "Fiat".

[@sarahshanahan2222]

@@GaryARahn Is it also backed by student loans?

[@GaryARahn]

@@sarahshanahan2222 yup

[@cnbcvideos7126]

@@GaryARahn What are you talking about? It isn't "backed" by that stuff.

[@ddbol8586]

This means to keep buying more folks. Buy the dips!

[@briand5379]

Every time I see Leon Cooperman on, I wonder if he's going to cry because his profits are taxed.

[@ask_why000]

It's a beautiful thing to watch grown billionaires weep on television... with their alligator tears...

[@HateTheIRS]

@@ask_why000 taxation is theft

[@id10t98]

@@HateTheIRS Do you like paved roads, working sewer and water systems and snow cleared from the roads? Do you like stable electric supplies, a National Defense to keep the country safe and some of the cheapest food prices in the world? That's taxes at work.

[@HateTheIRS]

@@id10t98 income tax is theft. We need some taxes but government goes too far with excessive taxation. That’s a frivolous argument “muh roads” We had roads and everything you mentioned, before we had an income tax, before 1913. We had a functioning society. kzbin.info/www/bejne/p3y1ppufgqmCoNE This video, is also your taxes at work. Building 2 million dollar public bathrooms. That’s an exemplification of how government spends your tax dollars. Most of it gets wasted. Like I said, we need some taxes, but income tax is theft. Property tax is also theft. Death tax is also theft. You think that government doesn’t waste most of your tax dollars? Government spends other peoples money, so it’s inherently inefficient. Imagine if you could spend someone else’s money, would you spend that money wisely? I doubt it. Government does provide basic services, but it wastes a lot of money in the process. And like I said, we had roads etc, before we had an income tax. You realize there are like 14 states with Zero STATE income tax and those states are doing just fine.

[@EvidenceHub8329]

@@ask_why000 How much of his wealth do you think the government should confiscate? BTW... you do know he's giving ALL his money away eventually. How much are you giving to charity?

[@criessmiles3620]

Peter Shiff was right Cheers from west Africa 🦅

[@ronsmith5601]

Thx for having Leon again. Please bring him more often.

[@user-vb2ks2gk6e]

⤴⃝ ⤴⃝⤴⃝ ⤴

[@ronsmith5601]

The gentleman is so much older than me, I should have said Mr. Cooperman.

[@illegalsmirf]

The billionaires are not going to have a hard time. The whole world is their oyster.

[@rebeccasmith8567]

But God owns the oyster. They will pay, degree by degree. They will NOT repent of their sins, so the horrors will grow progressively worse for them. God does not lie.

[@Stoneface_]

@@rebeccasmith8567 wishful thinking

[@richardlegault8908]

A billionaire complaining about the working class wages , minimum wages in the states are the lowest in the industrial world , wages have not kept up the inflation for the 30 yrs , know that people need a raise billionaires are complaining

[@edhcb9359]

The true minimum wage is always “zero” regardless of where you are in the world.

[@am-techam-tech9342]

The Metamucil in the back 😂

[@raularellano4697]

It's about time someone on the air has any common sense.

[@user-vb2ks2gk6e]

⤴⃝ ⤴⃝⤴⃝ ⤴

[@chucklowry2780]

Thank You Leon Cooperman

[@LennyGildersleeve]

That interview with Metamucil Cooperman was insufferable. Nothing but a bloviating, whiny, scatterbrained billionaire vomiting billionaire talking points, as only a 187 year old can. The big Metamucil on his desk for the interview says it all. SMH. Remember...every time a billionaire cries, an angel gets their wings!

[@erikcal9097]

5 more years 50 trillion in debt.

[@24theMoney]

This the guy who weeps for the 1% 🤣🤣

[@petertrueteller8043]

He didnt cry this time.

[@chucklowry2780]

I agree with everything said

[@keto6789]

FUD FUD

[@rebeccasmith8567]

Cry, baby, cry.

[@chucklowry2780]

I am expecting a change in President in 2023

[@user-dq1kr6zc2t]

What's interesting is boom/bust cycles, on average, are 63 months (5.25 yrs) dating back to WWII, with obvious outliers. As of Today, since the bottom of the market on March 23, 2020 we have just crossed 24 months. A looming recession happening within that a time frame has not occured in modern history, even despite the record fiscal stimulus inflating asset prices. The next recession won't be nearly as deep as the prior, and if anything it will be more headline recession than 15% unemployment. I like Leon, but his net exposure doesn't posture a bearish investor; cautious maybe. Neither does any other hedge fund on the street based on their 13Fs. If everyone was so bearish on the economy, you'd see exposures go net short. Remember, these guests talk their books all day long.

[@tigerzero9939]

Why is there no substance to these interviews? It's always opinions based on very little facts.

[@warrenbuffet8630]

100th anniversary of Weimar inflation is next year and I think it’s going to be a HUGR CELEBRATION 💰 💵 🗑 🔥

[@Jeff-hn8iy]

Buy GME AMC PLTR 🚀🦍

[@hecklingfext]

DId he really just say it's still 2021?

[@uptime22]

*An fhírinne iomlán a insint faoin CORONAVIRUS* . _Féach ar an bhfíseán beidh ionadh ort_ FACTDAY.CF Glacaimis an nóiméad le tuiscint a fháil ar an iarracht a dhéanann sé ar an ábhar dúinn .

[@user-vb2ks2gk6e]

⤴⃝ ⤴⃝⤴⃝ ⤴

[@ivak8988]

WE NEED TOM !

[@kkp4297]

just a guess my guess

[@user-vb2ks2gk6e]

⤴⃝ ⤴⃝⤴⃝ ⤴

[@arunrajiitbaero]

Better make Americans work for free… give them some food.. it’s enough..

[@danfoley6348]

Labor cost 64% 😆 🤣 😂 😹 😆 🤣 😂 lol, take the fat bonuses and 600x annual pay away from CEO'S and see where labor cost actually is. NO CEO SHOULD MAKE MORE THAN 10X THEIR HIGHEST PAID HOURLY EMPLOYEE.

[@eh7599]

"Get off my lawn"😂

[@vittoriorabagliati8532]

a rare good one, Leon Cooperman

[@keto6789]

Retire already !!!!!!!!

[@cg5648]

He is having to much fun screwing over the little people.

[@missunique65]

this guy's worried about 2023? Will he even make it to 2023? lol

[@Zebra663]

Haha

[@SJ-lh5yk]

what a basic, useless comment to write.

[@thestockmarketboy3319]

Looool. He gonna have a heart attack when the poor taxes the rich 😂

[@Mabeltrots]

😃😃😃

[@spanky9915]

Crybaby billionaire