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NewsMax/Staff/11-6-2020
“‘I think the overwhelming reality is the Fed is just creating this environment of free money. You have to kind of make a judgment whether that’s justified, how long it’s going to last and what impact this has on the longer-term outlook,’ Cooperman said on CNBC. ‘There’s just too much debt in the system, and I think ultimately there will be a problem,’ he said.”
USAGOLD note: Billionaire Cooperman announced last month that he had become a gold owner for the first time citing the burgeoning debt at zero percent.
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