[staticman2]

> 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]

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]

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

[staticman2]

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