I am just cognisant that interest rates can't go up without...

I am just cognisant that interest rates can't go up without sending some countries (eg. Japan) broke. They can't afford to pay the interest on govt. bonds out of tax revenue if rates were to normalise. The only way to escape this is very high economic growth (not likely) or high inflation. Is either likely? If markets lose confidence and sell (Japanese bonds) the results could be catastrophic. In the meanwhile life goes on. Markets could lose confidence in five months or five years, no one knows. The point is that debt is so high globally that it makes the system unstable.

I mentioned a week back that I bought CBA as a trade. That's now doing well. The last two days it has started off slow and then spiked into the close.