Billionaire Leon Cooperman Predicts Recession in 2024, Suggests US Entering ‘7 Lean Years'

submitted by Tom_Bombadil from (foxbusiness.com)

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[–]William_World 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

already been in one but the way they calculate it is based on GDP which doesn't matter

[–]SMCAB 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

DUUUUUUH!

Don't listen to this guy or anyone else with a basic understanding of how our govt. creates, holds off, or perpetuates these things. Listen to CNN AND SPEND SPEND SPEND! Everything's gonna be okay. The recession is over don't you know?

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Thanks Joe Biden.

[–]Tom_Bombadil[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

He sucks, but this was inevitable. The banking system should have collapsed during the GFC betwee n 2008-2012.

They "kicked the can", so he collapse will be far worse.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

so does that include the previous 4 years of recession with cooked books, or like an actual officially declared one?

[–]Tom_Bombadil[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

No. But I agree with you. We're in already in a depression. A depression in all-but-name since 2021.

This is basically a prediction of a depression.

I suspect we're already in The Greater Depression. It will be worse than I think. They want to collapse the global economy until we beg for their CBDCs.