Hacker News Reader

> 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.

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?

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

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