Interest rates can’t rise, however, because it’s not a well-functioning economy. There is too much debt, too many market distortions, and the economy is too dependent on asset bubbles, which would burst like water balloons if rates were to rise. Just like the Q4 2018 U.S. stock market.
https://global-macro-monitor.com/2019/10/25/enter-the-selling-zone-2-0/
