Jul 11th, 2022
Billionaire Leon Cooperman Sees Recession as '2023 Event'
Billionaire Leon Cooperman, chairman and CEO of Omega Family Office, says he has a "cautious view" on the outlook for financial markets and the US economy, predicting a recession next year leading to a sharp decline in equities. "When the recession hits, which will be a 2023 event -- the market will find a bottom somewhere between 35% and 40% below its peak of 4,800," Cooperman says on "Bloomberg Surveillance."
