Far from being safe! I think you could say just in the last year the bubbles have enlarged even further on cheap money and last weeks FED raise is following not leading the market. If the trend to higher rates is established now the US debt and corporate debt will be more expensive to service just when growth is slowing to critical levels. The rush to the exit could be rapid once the equity market is spooked out of current euphoria. ps. also reading TRTR by Rickards, bit further on than you, very good.