"Warning from Billionaire Investor: Impending Financial Crisis Looms"

Billionaire investor Leon Cooperman warns of an impending financial crisis in the US, attributing it to the country's "massive debt" that is "out of control" and criticizing the lack of cooperation in the government leadership. He advises staying away from "overvalued" US government bonds and expresses skepticism about the stock market's future, despite the possibility of interest rate cuts from the Federal Reserve. Cooperman believes the market has entered a bear market and is seeking undervalued stocks with corporate repurchase programs.