Interest rates need to rise further, among other reasons to bring back an environment in which normal people can receive significant returns on their money by simply depositing it in a bank, instead of having no option other than gambling it in the stock market. It would also discourage the insane culture of borrowing that has reigned for far too long.
The losers would be those who foolishly live on credit, and that would especially include the largest deadbeat borrower on the planet, the federal government.
When I say 5%, I mean 500 basis points. It could be more.