Billionaire Leon Cooperman Predicts 2024 Recession, Blames Both Parties for Economic Woes

Billionaire investor Leon Cooperman predicts a recession in 2024, likening it to the "7 lean years" in the Biblical story of Pharaoh's dream.

Cooperman blames both Democrats and Republicans for current economic woes - deficit spending during growth under Trump, and excessive spending now under Biden.

Cooperman sees inflation remaining high due to high energy prices and quantitative tightening by the Fed.

The S&P 500 will go "nowhere for a long time," Cooperman warns.

Cooperman points to high prices for everyday items as signs of "ridiculous" inflation - $17 smoothies and $13 ballpark pretzels.