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Several billionaires, including Leon Cooperman, CEO of Omega Advisors, and Steve Cohen, have warned of a potential recession in the US. Cooperman predicts a recession in 2024 and suggests the country may enter a period of '7 lean years.' Cohen also expects a short-lived recession this year, followed by a rebound in the first quarter of next year. These warnings come amidst concerns about the US economy, although some experts believe this recession may be milder than past downturns.
Hedge fund billionaire Steve Cohen expects a recession to come and go quickly before a stock market rally in 2024 https://t.co/lENO0onAE1
Billionaire Steve Cohen said the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year. https://t.co/BWf68bEY2v
Billionaire Steve Cohen says the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year https://t.co/MCoRkxmrBO
Billionaire Steve Cohen said the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year. https://t.co/puT9Bgvj4Y
'Recessions always start with an economy that's been booming': An investing pioneer explains why he sees 50% chance of a downturn in 2024 https://t.co/WBQ7PnxaHo
BILLIONAIRE PREDICTS 'PROBABLY RECESSION' IN 2024, SUGGESTS US ENTERING '7 LEAN YEARS' OF PHARAOH'S DREAM (Fox Business) (full article in reply below) Omega Advisors billionaire CEO and chairman Leon Cooperman warned Wednesday that while the U.S. economy is "doing fine" at the… https://t.co/D7kXI5TIVI https://t.co/bGWwlRQIdK
The US is headed for recession, but a key difference from past downturns could make it milder, Apollo chief economist says https://t.co/e8aYnH1wI0