This time the top four announcers will have British accents

He is a professor of economics at Wharton School, University of Pennsylvania, and was a founder of Wharton Econometric Forecasting Associates. AndEconomists have long noted that the biennial national elections are a short run stimulus to the economy, because Congress does not want to be held responsible for rising unemployment and falling income. But this does not mean that elections actually keep the economy on an even keel.

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As a consequence we should be more vigilant about calling time on sporting labels that are no longer fit for purpose. During the 2015 rugby World Cup, on the eve of the New Zealand v France quarter final, I admired the prediction of former England fly half Stuart Barnes. Forget the clich that France are mercurial and unpredictable, wrote Barnes, they’re predictably bad and will get smashed (and they were).

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