Generational Dynamics Forum - New Site

Perhaps justified is the wrong word. Maybe understandable. This time is different in a sense we now have a global economy with all major central bankers following ZIRP. I think discussions involving PE Ratio that don't look at interest rates are missing an important variable. I don't think we get to...

PE Ratios are often higher in times of low interest rates and low inflation, which we have both right now. Wouldn't a higher PE be justified in a deflationary environment?