Tech Insider
Economy
leon cooperman

Rick Wilking/Reuters

  • The US debt is pushing the country toward a financial crisis, Leon Cooperman said. 
  • He criticized the Fed for its abrupt monetary policy shift after keeping rates low for over a decade. 
  • He's said that markets are overvalued and investors should expect a steep decline. 

Mounting national debt is pushing the US toward a financial crisis, billionaire investor Leon Cooperman said this week. 

The Omega Family Office CEO said that too little has been done since the 2010 Simpson-Bowles Commission, which was formed under President Barack Obama and proposed a series of long-term strategies to slash the national debt. 

Tags
economy, Markets, mi-exclsuive, leon-cooperman, federal-reserve, fed-rate-hike, fed-rate-cuts, Inflation, financial-crisis, us-stock-market, us-markets-and-economy, Recession
Source
The US is headed for a financial crisis because of soaring national debt, billi…