Leon Cooperman Has No Interest in US Goverment Bonds

Over at Bloomberg.com  yesterday, Leon Cooperman of Omega Partners tells you why he has no interest in US Government Bonds.  Here's a synopsis of his argument:

"I don't think people understand how risky a US Government Bond is at a 2% return.  A 2% Government Bond {all in at the highest marginal tax rates} means that you are keeping 60% of your investment, that's 1.2%.  Inflation's at 2-3% so your capital is being confiscated.  It makes no sense."

Go see the interview here.  It only takes about four minutes.

*Short bonds in various client accounts via TBT.