In an unprecedented move, hedge fund billionaire Leon Cooperman has criticized Donald Trump, telling CNN that re-electing him would be “terrible for the country.” 

Raising Questions

This critique from the Wall Street veteran also added, “He’s a divisive human being who belongs in jail,” raises several questions about the 2024 presidential race and its impact on the American economy and society.

A Rare Rebuke

Leon Cooperman’s scathing comments on Trump are surprising, considering that Wall Street figures rarely speak out against Trump.

Cooperman’s Political History

Historically, Cooperman has mostly donated to Republicans and has been a vocal opponent of Sen. Elizabeth Warren’s Ultra-Millionaire Tax.

A Reluctant Biden Voter

Interestingly, Cooperman also revealed that he voted for Joe Biden in 2020, albeit “very reluctantly.”

Neither Trump Nor Biden

Cooperman is not keen on a Biden-Trump rematch in 2024. He thinks neither will likely be the nominee for their respective parties.

A Call for Centrism

What Cooperman is looking for is a centrist candidate. This summer, he donated to Republican Chris Christie’s 2024 campaign.

Trump’s Campaign Response

In response to Cooperman’s remarks, Trump’s campaign said that Trump is the only person who can rejuvenate the economy and secure the nation.

Biden’s Silence

The Biden campaign has not commented on Cooperman’s statement, maintaining silence on this front.

Wall Street and Reality

Cooperman indicated that Wall Street is finally catching up with reality, suggesting some level of market correction.

A Warning From the World Bank

The World Bank has also warned about the risk of global commodity market turmoil due to the escalating violence.

Oil Prices Could Skyrocket

According to World Bank analysis, severe disruptions could see oil prices soaring to unprecedented levels, affecting the U.S. economy significantly.

Stock Market Overvalued

Cooperman believes the stock market is overvalued compared to corporate profits, signaling a lack of balance in the current economic landscape.

Questionable Policies

He criticizes the government’s fiscal and monetary policies, stating they are “stupid” and have accelerated demand without proper planning.

Rising National Debt

He pointed out the lack of fiscal discipline in Washington, drawing attention to the national debt that has surged from $20 trillion in 2017 to over $33 trillion now.

What This Means for Voters

For American voters, Cooperman’s comments may signify that the political and economic landscape is far from stable, making their choice in the upcoming elections even more crucial.

Much to Ponder

Leon Cooperman’s public critique of Donald Trump and his lack of faith in the current presidential candidates offer American voters a lot to ponder as the 2024 elections approach.

With looming economic risks and political divides, the choices made now will have long-lasting effects on the country’s future.

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The post Hedge Fund Billionaire’s Critique of Trump and Call for Centrist 2024 Candidate Reverberate Through Financial Markets and Voter Preferences first appeared on Thrifty Guardian.

Featured Image Credit: Shutterstock / Evan El-Amin.

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