'Trumponomics'. . . or 'trumpery'?

IF YOU were to look up "Trumponomics" in online investment website Investopedia, this is what you'd find: "Trumponomics describes the economic policies of US President Donald Trump, who won the November 8, 2016 presidential election on the back of bold economic promises to cut personal and corporate taxes, restructure trade deals and introduce large fiscal stimulus measures focused on infrastructure and defence".

It goes on to say "Trump was not always clear and consistent about his policies, and when he was, they were often unorthodox enough to have unpredictable consequences . . . A lack of consistency, coupled with an oratorical style that often leaves room for multiple interpretations, has made putting numbers on Trumponomics challenging."

For now Wall Street seems able to look beyond these challenges, choosing to ignore the multiple interpretations in favour of donning rose-tinted spectacles and focus on only the most bullish, if as-yet unproven, scenarios.