Since then, there were 3 clear long downtrend in the interest rates, and there were small peaks on the 2000 and 2006 year, mainly on the dot.com bubble era and the subprime mortgage era.
Since mid 2017, the FED has also been increasing the interest rates on a slower pace till mid 2019 when some kind of downtrend in stock market was approaching.
Nowadays, we are experiencing the rapid coronovirus correction that feels like will blow up the full economy of all countries of the world. The sentiment is like no one will survive to this crisis, even though small correction has been experiencing the last month, recovering the SP500 index, from 2200 to 2800 [that`s a 30% recovery from lows], the general feeling is that the market should correct even bigger. Go to 1800 or lower.
The high liquidity programs implemented from all countries will not be enough and will destroy many small and also big businesses (today there are news that some big companies will need help to pay salaries).
I don´t think this will be the end of the economy, because on 1929 the financial market blowed up (all people lost their savings). This is not the case today, but most probably many business will not recover from the down trend and therefore the final picture will be that fewer plants and production capacity will be available in the economy.
If we sum in this equation the huge stimulus implemented that most likely will increase the M3 money supply and if we combine with less production capacity. In my opinion we could end up in an era where there is a lot of money chasing fewer goods in circulation, thus INFLATION