Stock and Commodity Twins

While stock indices are pushing to new highs so are commodities. Brent crude is trading at $98 a barrel. Either commodities and stocks will need to decouple or I believe we will see inflation and higher rates. We live in an economy dependent on low rates. What would the effect of higher rates be on real estate prices, corporate borrowing, sovereign and municipal borrowing etc.?

I don't know who originally said it but it bears repeating "Give me a trillion dollars and I will throw one hell of a party as well". There are side effects to printing money and trillion dollar deficits. With everybody so bullish few are prepared for anything to go wrong.