David Rosenberg, veteran economist and Rosenberg Research chief "We have a massive housing bubble right now. Most of the household balance sheet is residential real estate, and it is equities," Rosenberg said in a RealVision interview released this week. The economist pointed to the Fed's tightening efforts to bring inflation down from recent rates of 8-9% to its 2% target. "They want the stock market to go down. They want home prices to go down. Why? Because there's not a snowball's chance in hell they're going to get to their 2% holy grail consumer inflation, without there being a period now of asset deflation. It is 100% necessary."
