Economics profession: gloomy
Small business owner survey: Up stratospherically
these groups are describing different things. Businesses and markets care about profits. Economists focus on workers as well as the businesses they work for, on buyers as well as sellers, and on new firms as much as existing firms. Mr. Trump's anti-regulatory zeal may help businesses but hurt workers; his anti-trade agenda could help sellers but hurt buyers; and his instincts to protect existing jobs may advantage existing businesses at the expense of the next generation of entrepreneurs.
Perhaps this fear makes sense: It's the double whammy that worries economists, that Mr. Trump's populist pose assigns less value to economic expertise, while also creating the conditions under which it's most likely to be needed.