The US will step over the dead to reach the summit as it always does.
Technology and household income are the beneficiaries.
Yes they are in the short term, but all the mal-investment in the oil sector will be lost as the mainstream media is the most unreliable investment advisor out there. If the bubble burts those investors will lose all their money, and the workers in the oil sector will lose all their jobs.
QE would be almost as stupid as raising rates
which it looks like they almost suicidally will do despite the deflation that should linger for most of 2015 and possibly into 2016 at this rate.
There simply currently is not enough cash in the developed world. This explains the other half of the cryptocurrency industry's collapse.
Japan has inflationary erectile dyfunction, which is a stupid policy and probably hurting their economy anyways.
The US & EU will only have problems if they can't soak back up the bank reserves by not selling their long-term holdings at a discount; otherwise, they will merely continue with their socialist malaise.
If they don't raise the rates then they cant do it in the future ever, actually they already passed the event horizon, the debt is too big, if they raise rates, they go bankrupt, if they don't they go in hyperinflation (slowly), dragging all the reserve-holders in it aswell. If BRICKS drop the USD, then it will be even faster.
The only way out of this mess for the USA is to cut the military spending to Switzerlands's military size, and all their social spending too on those shady spying stuff and do a benefit to the world.
Also then they can switch to gold standard, and improve their currency, and in a deflationary system you don't need pensions, so they can drop that too.
So in 1 world, libertarianism can save them...
BUTOfcourse they won't do that, they are now preparing to attack Syria and Venezuela, so the war machine continues...