While Donald Trump is basking (really? basking?) in the glow of having apparently wrung a promise to keep a few factory jobs in Indiana, the rest of the economic plans his administration seem destined to throw us into yet another economic calamity. Let's start with the issue on everyone's minds: Taxes. Trump plans to slash tax rates on the wealthiest by significant amounts, while giving middle- and lower-income Americans pretty much nothing. He also plans on slashing US corporate tax rates to 15%. The sum total of all of this will be to increase the deficit by a staggering $5 to $8 trillion over the next ten years. If the US long-term financial outlook was questionable in the wake of the Great Recession - it's going to look downright scary by the time Trump and the Republicans are done with it. Trump's big lie is that corporations are over-taxed. And that by cutting rates they will magically bring all this money back to the US and use it to hire uneducated white people. No one ever has given me a plausible explanation for how this is supposed to work. US corporations are already sitting on more cash than they really know what to do with. And within interest rates at historic lows, they can always get more if they need it. Then there is the Infrastructure plan. Which apparently involves giving tax-credits to corporations to build toll roads. And which is going to do pretty much nothing to help the people of West Virginia and Oklahoma, which don't have a market for toll-roads. Wall Street has been frothing at the bit over these give-aways since the election. But I suspect sooner, rather than later, that they'll figure out that Trumplestiltskin isn't likely to spin his campaign promises into gold. Leaving us with a stagnating economy; a brewing three-front trade war; and a Government run by incompetent crooks and nutjobs. The Market is already seriously overdue for a correction. Count me amazed if we don't have a major melt-down by the end of 2017. The Trump Recession of 2018 is coming folks.