That would seem to at least have a major impact that needs to be accounted for. A couple more I'd add: First, the Trump administration's economic impact is muc

That would seem to at least have a major impact that needs to be accounted for. A couple more I'd add: First, the Trump administration's economic impact is much more than tariffs - which are highly significant - but unprecedented interference in the free market and private business; destruction of the regulatory and other institutions that a stable economy depends on (e.g., democracy, the courts, the rule of law, bank regulation); disrupting the stability of international relations, possibly leading to highly destructive things like wars. Also, the recent trend of business to switch from (broadly speaking) innovation and productivity to rent-seeking, epitomized by private equity: cut workforces, other investment, and product to the bone and squeeze as much as possible out of the asset - leaving a dead, dry carcass.