Edward Luce: “Donald Trump’s ill-wishers often reassure themselves that his health will fade soon. A PhD could be had from analysing the cottage industry that for years has been predicting Trump is about to keel over, or has finally lost his mind. Yet the 79-year-old is still going in roughly the same way.”
“The same is broadly true of the U.S. economy. Throughout this year, as was also true when he was first president in 2017, the Trump recession has always been just around the corner. Yet the term ‘Trumpcession’ still has no reason to enter circulation.”
“There is a recurring lesson here for liberals, which is that they should base their plans on the world as it is, not as they want it to be. In terms of the U.S. economy, forecasters should add a Trump luck factor to their models.”
