Why Interest Rates Are Never Going Back to Normal

by Bill Bonner
Daily Reckoning

BALTIMORE – Let’s see… U.S. corporate earnings have been going down for three quarters in a row.

The median household income is lower than it was 10 years ago.

And now JPMorgan Chase has increased its estimated risk of a recession to about one in three.

These things might make sober investors wonder: Is this a good time to pay some of the highest prices in history for U.S. stocks?

Apparently, they don’t think about it…

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