Rosenberg Research & Associates
- Stocks are set to slump and many Americans are "prisoners in their own homes," David Rosenberg says.
- Sky-high asset prices are likely to drop if the Fed marches on with interest-rate hikes, he says.
- Rising rates have driven up mortgage costs, deterring many sellers, the economist says.
Stocks are poised to tumble as economic pressures mount, and the historic surge in mortgage rates means many Americans are now "prisoners in their own homes," David Rosenberg says.