Billionaire investor warns: Impending financial crisis looms, timing remains uncertain.

TLDR: Billionaire investor Leon Cooperman has issued a warning about an impending financial crisis in the U.S., stating that “nobody” knows when it will hit. Cooperman attributes the crisis to the country’s “massive debt” which is “out of control.” He also criticizes the government system of leadership, expressing the need for cooperation in times of crisis. Cooperman reveals that this impending crisis has influenced his thinking, causing him to stay away from overvalued U.S. government bonds. He believes that the stock market has been “extraordinarily bifurcated.” Despite the current state of the economy, Cooperman doubts the possibility of six interest rate cuts, suggesting that three reductions would be considered lucky. He argues that interest rates in the 10-year sector are not high enough, causing a conundrum for the market. Cooperman predicts that the stock market will remain stagnant for a long time and shares his strategy of looking for cheap stocks with corporate repurchase programs.