Stocks are poised to tumble - and many Americans are 'prisoners in their own homes' after mortgage rates soared, top economist David Rosenberg says

Tech Insider
David Rosenberg
David Rosenberg.

Rosenberg Research & Associates

US stocks climb as slipping bond yields ease pressure on markets

Tech Insider
Jerome Powell
Federal Reserve Chairman Jerome Powell participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, DC.

Kevin Dietsch/Getty Images

The average homebuyer lost $71,000 in purchasing power over the last year as mortgage rates refuse to ease

Tech Insider
US house prices
The average 30-year fixed mortgage rate clocked in at 7.48% the last week, according to Mortgage News Daily.

Saul Loeb/Getty Images

The Fed isn't done fighting inflation — but it'll ensure its next big decision won't bring 'unnecessary harm' to consumers

Tech Insider : Economy, Politics, Politics
Jerome Powell
Federal Reserve Chairman Jerome Powell participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, DC.

Kevin Dietsch/Getty Images

Top economist Steve Hanke says stocks look expensive – and a recession is 'right around the corner'

Tech Insider : Economy
Steve Hanke
Steve Hanke is professor of applied economics at Johns Hopkins University.

Steve Hanke

House prices won't fall – and could soar 15% when mortgage rates drop, says 'Shark Tank' investor Barbara Corcoran

Tech Insider : Economy
Barbara Corcoran
"Shark Tank" investor Barbara Corcoran.

Andrew Toth/Getty Images

The housing market has gotten so unaffordable that Zillow is now offering prospective homebuyers a 1% down payment option

Tech Insider : Economy
Real estate agents leave a home for sale during a broker open house on April 16, 2019 in San Francisco, California.
Real estate agents leave a home for sale during a broker open house on April 16, 2019, in San Francisco, California.

Justin Sullivan/Getty Images

Top economist Steve Hanke says stocks look expensive – and a recession is 'right around the corner'

Tech Insider : Economy
A creative of US 100 dollar bills overlaying US government building
Stocks look pricey and a recession is looming, Steve Hanke says.

Douglas Rissing/Getty Images

S&P 500 investors are betting on a handful of stocks like Tesla and Nvidia, Apollo's Marc Rowan warns

Tech Insider
Mark Rowan
Marc Rowan.

Kevork Djansezian/Reuters

House prices won't fall – and could soar 15% when mortgage rates drop, says 'Shark Tank' investor Barbara Corcoran

Tech Insider : Economy
Barbara Corcoran
"Shark Tank" investor Barbara Corcoran.

Andrew Toth/Getty Images

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