US Corporate Profits have risen since slumping in late 2008 shortly after The Fed began their massive intervention in capital markets.

Unfortunately, corporations are taking advantage of record low interest rates to buyback their stock rather than expand their businesses by hiring full-time, higher-wage workers. Rather, firms are hiring droves of part-time, lower-wage workers. This is reflected in declining/flatlined real median household income and stagnant mortgage purchase applications.

Eventually, corporations will consider that stocks are too expensive and cease their buybacks, even at low interest rates.