Although I can see the Gov wanting to create higher inflation (say 6-8%) for the next ten or so years.
I can’t see this happening without higher economic activity and higher employment/Higher wages as well.
And I could see where higher interests rates could devastate current low interest long duration bond holders.

In short, personally I don’t see disaster ahead unless Europe completely collapses (which could happen).

Well OK there is one other black swan sitting out there as well, that is the Iran situation, if that turns into a war then things could get bad fast.