Stock market crash

Surging interest rates are squeezing consumers and businesses, which threatens to tank asset prices and choke economic growth, Stephanie Pomboy said.

"The Fed basically has us ping-ponging from asset bubble to bust," she said. Jeremy Grantham, a market historian and veteran investor, Here's what he said about the outlook for stocks and house prices, and the threat of a recession.](https://markets.businessinsider.com/news/stocks/david-rosenberg-stocks-crypto-house-prices-inflation-recession-fed-portfolio-2023-2?utm_medium=ingest&utm_source=markets) [expects](https://markets.businessinsider.com/news/stocks/stock-market-house-prices-bubble-crash-outlook-recession-jeremy-grantham-2023-3?utm_medium=ingest&utm_source=markets) the S&P 500 to plummet 50% and a painful recession to take hold. "This is really like 2007, 2008 all over again," Pomboy said. The upshot is that consumers are