3 ms·
> 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 r
by staticman2 5mo 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 5mo agoHm, 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 5mo agoQuite possible that there will be a Trump effort to drive down rates and abandon inflation control for political reasons.
- staticman2 5mo agoThere already was such an effort but Trump lacks enough federal reserve votes to succeed at present.