Just a brief clarification on some of the terms mentioned in the(since I do not have an editor cleaning up my mess before posting).
1. Death of Fixed Income, implies the drop in yields and the reinvestment ROR. Price return is obviously a separate factor based on convexity, maturity date, etc etc.
2. Savings(Equities), means that generally equities are the dominant asset when savings are invested based on the continuous uptrend in the PE ratio.
3. "US inflation was mostly Domestic"- Implies that the industrial supply chain wasn't as global as it currently is, implying that trade and exchange rates weren't such a major factor in inflation. This can be observed by the rate of growth in the global trade volume since the 80's.
4. Automation can be mentioned as an additional factor, but I think it's more accurate to phrase it as rate of Automation. Here's the chain of factors:
low rates- stimulate innovations(especially in a service based economies)= typically implies a growing rate of Automation.
That's about it for now.