Billionaire Leon Cooperman Warns of More Economic Turbulence Ahead — He’s Using These 2 Stocks for Protection
Wirtschaft Billionaire Leon Cooperman Warns of More Economic Turbulence Ahead — Hes Using These 2 Stocks for Protection 12 Sekunden Bitcoin Ethereum Nachrichten Were in a turbulent economic environment right now, and the headwinds are piling together, putting up an ominous cloud on the financial horizon. Billionaire Leon Cooperman, the CEO of Omega Advisors, has noted the coming storm, and sees the commercial real estate market as the eye of the developing hurricane. In Coopermans view, several factors are about to hit hard at commercial real estate: first, declining occupancy rates; second, rising interest rates; and third, reduced credit access in a tighter monetary regime. These three will, together, exacerbate a fourth: the impending rollover of commercial real estate debt, that was originally financed when interest rates were low. Added to this, small- to mid-sized banks make up some 80% of the commercial real estate lending market, and if that market crashes, we could see a rash of bank failures. While Cooperman sees a downturn ahead, he also sees plenty of sound stocks to use for defensive portfolio positions. In his portfolio, there are names that over the past year have outperformed the market by a wide margin. By holding on to them, Cooperman evidently thinks