Weekend Reading: Trumponomics

Submitted by Lance Roberts via RealInvestmentAdvice.com,
What a change a couple of weeks can make. As my colleague, Michael Lebowitz, wrote this past week:
‘Following Donald Trump’s surprise victory and the violent market reactions, many investors are left scratching their heads. As shown above, the consensus narrative warned that a Trump victory would spell doom for the markets. Days later, the narrative flipped and Trump’s economic policies, all of which were known prior to the election, are deemed beneficial for share prices.’ The question which remains, however, is whether tax reform and infrastructure spending will have the impact the markets are currently betting on?
As I penned in yesterday’s missive: ‘The problem for Trump is that we no longer reside in the 80′s where a large group of ‘baby boomers’ were entering the workforce and driving a massive wave of innovation and productivity changes. Today, we are on the wrong side of the demographic trends combined with falling productivity and labor force growth.’

This post was published at Zero Hedge on Dec 2, 2016.