Markets

‘The market is ahead of the fundamentals’: Billionaire investor Leon Cooperman says stocks are overvalued, especially considering the huge increase in debt

Billionaire investor Leon Cooperman told CNN in a Monday interview that the stock market is overvalued, and that he’s worried about the huge increase in national debt. “The China relationship deteriorating, the tremendous increase in debt in the system, certainly from the election, the virus issues,” are risks that could […]
‘The market is ahead of the fundamentals’: Billionaire investor Leon Cooperman says stocks are overvalued, especially considering the huge increase in debt
Markets

‘The era of tax cuts is over’: The wealthy US ‘investor class’ will have to pick up the tab for coronavirus stimulus, Guggenheim co-chair says

The “investor class” that reaped the benefits of President Donald Trump’s 2017 tax cut will likely pay for much of the government’s coronavirus stimulus, Jim Millstein, co-chairman at Guggenheim Securities, said Monday. The national deficit is expected to quadruple to $US3.8 trillion in 2020, according to a federal watchdog agency. […]
‘The era of tax cuts is over’: The wealthy US ‘investor class’ will have to pick up the tab for coronavirus stimulus, Guggenheim co-chair says
News

Americans hate Republicans’ idea to cut Medicare, Medicaid, and Social Security to bring down the soaring deficit. And they have another idea the GOP won’t like.

The federal deficit hit $US779 billion in fiscal year 2018, the highest since 2012. Republicans have suggested that the US needs to cut entitlements – Medicaid, Medicare, and Social Security – to get the deficit under control. But most Americans would rather reverse the GOP tax law and raise revenue […]
Americans hate Republicans’ idea to cut Medicare, Medicaid, and Social Security to bring down the soaring deficit. And they have another idea the GOP won’t like.
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