...to the end of the "Great Rate Compression". The last countries to attempt similar monetary easing as the developed nations will (of course) be the most damaged by the eventual global interest rate expansion (some would say "normalization")
Its not here yet. But as the great Mark Cuban said "in business and in life, there are three I's: Innovators, Imitators, and Idiots, and it helps to know which of those categories you fall into".
I will refrain form labeling entire countries under these guidelines, but as always, the maximum benefit accrues to those with initiative.