I agree with this, but for one thing.  What makes you think interest rates will rise?<p>Governments set interest rates to combat inflation, caused by wage or price increase.  However, we&#x27;ve had 0 rates for 7 years, and QE to combat deflation.<p>If you believe (as I do) that the value of the worker is decreasing with time (due to substitutability with technology), it kind of stands to reason that we&#x27;re not going to see much wage inflation anymore.. doesn&#x27;t it?<p>Or, is there another kind of inflation I haven&#x27;t considered?