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staticman2 4 hours ago

> Can public markets go higher? Shiller P/E is closing in on the peak of the dot-com bubble:

Shiller PE is near 44. Japan had an equivalent price to earnings ratio of over 70 during their 1989 bubble.

0xDEAFBEAD 3 hours ago | parent [-]

Hm, wasn't Japan's bubble in part due to easy credit? Are we going to see easy credit in the US given recent memories of inflation?

pjc50 3 hours ago | parent [-]

Quite possible that there will be a Trump effort to drive down rates and abandon inflation control for political reasons.

staticman2 22 minutes ago | parent [-]

There already was such an effort but Trump lacks enough federal reserve votes to succeed at present.