Economist Nouriel Roubini notes:
"[Markets] are
overestimating the positives of the US-Trump policies. Infrastructure,
stimulus, deregulation, tax cuts: I think Trump will achieve much less on those
dimensions," he said. "And they're underestimating the risk that the
U.S. protectionist policies are going to lead to trade wars, that the restrictions
on immigration are going to slow down labor supply, and that micromanaging the
corporate sector is going to be negative."