Election predictor Allan Lichtman laments threats and toxic reaction to 2024 forecast


Cody Combs
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Allan Lichtman, the professor of history who has predicted every US election since 1984 using his 13 keys forecasting model, said that his forecast of a Kamala Harris victory in November has prompted unprecedented vitriol from some circles.

“I’ve endured constant criticism for 42 years – I have never experienced the kind of hate that I have gotten this year,” Prof Lichtman told The National, two weeks before the 2024 US presidential election on November 5.

“I’ve gotten the most scurrilous, the most vulgar, the most violent, the most threatening type of feedback this time and I think it has to do with the kind of toxic politics since the advent of Donald Trump. We had nothing like that before Donald Trump.”

Prof Lichtman has been well known in political science and data circles for decades, but it was his 2016 prediction of a Trump victory that put him in the rarefied air of political forecasters.

At the time, that prediction went against many of the polls and opinions of commentators who did not foresee the 2016 tidal wave of Trump support leading to his victory.

Shortly after winning the White House in 2016, Mr Trump sent Prof Lichtman a note that read: “Professor, congrats, good call.”

Four years later, however, Prof Lichtman's model pointed to a Joe Biden victory in 2020, which also came to fruition.

Each US presidential election cycle seems to bring more interest in his work, and with that interest also comes criticism, with the professor accused of subjectivity and pseudoscience.

Some have also accused him of being too partisan, although he correctly points out that he has predicted both Republican and Democratic White House victories.

“My predictions are purely non-partisan,” Prof Lichtman said. “I predicted winners of the two most conservative presidents of our time, Ronald Reagan and Donald Trump.”

For all his confidence in the 13-keys model and his firm belief in his prediction for 2024, he said his unique stance of relying on those metrics and not collecting polls like other analysts puts him in the prime spot for ample stress.

“That's why I still get butterflies in my stomach on election night,” he said. “Could I be wrong? Sure. But so far my predictions have withstood the test of time.”

Prof Lichtman's record has held up for the most part, although some point to the 2000 US presidential election as a slight dent in his record.

Former US president Donald Trump sent a signed note to presidential historian Allan Lichtman shortly after he correctly predicted a Trump victory before the 2016 election. Photo: Allan Lichtman
Former US president Donald Trump sent a signed note to presidential historian Allan Lichtman shortly after he correctly predicted a Trump victory before the 2016 election. Photo: Allan Lichtman

Prof Lichtman predicted a victory for then-vice president Al Gore, and although Mr Gore won the popular vote, there was controversy over vote tallies in Florida. A Supreme Court decision gave Mr Bush the electoral college victory and the presidency – a controversy that still generates debate to this day.

“Gore, based on the actual verdict of the voters, was the winner. What happened in Florida was voter suppression,” said Prof Lichtman, 77. “And I wasn't the only one to come to that conclusion.”

With tension increasing throughout the US in anticipation of this year's election results, Prof Lichtman, like millions of other Americans, will be watching the returns on television.

“You know, I'll probably isolate myself a little bit,” he said jokingly.

Earthquake origins

Prof Lichtman's 13-keys model is the result of a similar model that was used to predict earthquakes.

“Vladimir Keilis-Borok and I collaborated,” he said, referring to the late Russian geophysicist with whom he struck up a friendship while at the California Institute of Technology.

“We were both distinguished visiting scholars and he had always wanted to use his earthquake methodology of pattern recognitions for politics, so he teamed up with me, an expert in American politics, the presidency and history, and we became the odd couple of American political research.”

Mr Keilis-Borok died in 2013, but his ideas live on with the current discussion of the 13-keys predictive model.

As for Prof Lichtman, it is not all politics all of the time for the distinguished scholar and political science celebrity. He is also an avid distance runner and has written several books.

In 1981, he also had a series of victories on the popular US game show Tic Tac Dough, hosted by famous host and disc jockey, Wink Martindale.

“I won more than $100,000 in cash and prizes on that show,” Prof Lichtman said. “I was on for four weeks and defeated 20 opponents.”

His long run on the show helped to prepare him for his countless TV and media interviews later in his career, he said.

“Not only do you have to know a lot, but you can't freeze,” he recalled. “It takes a lot of stamina. They taped five shows in one day, and there were always technical glitches and sometimes the recordings would go late into the night.”

How does Lichtman's 13-keys model work?

The 13 keys to the White House is an index of true or false responses to a set of questions, based on a simple pattern recognition algorithm.

“True” answers favour the re-election of the incumbent, while “false” answers favour the challenger. When six or more of the statements are false, the incumbent party is predicted to lose.

Lichtman's 13 keys to the White House

Party mandate: After the midterm elections, the incumbent party holds more seats in the US House of Representatives than it did after the previous midterm elections.

Contest: The candidate is nominated on the first ballot and wins at least two thirds of the delegate votes.

Incumbency: The sitting president is the party candidate.

Third party: A third-party candidate wins at least 5 per cent of the popular vote.

Short-term economy: The National Bureau of Economic Research has either not declared a recession, or has declared it over before the election.

Long-term economy: Real per capita economic growth during the term equals or exceeds the mean growth during the previous two terms.

Policy change: The administration achieves a major policy change during the term comparable to the New Deal, under Franklin Roosevelt, or the first-term revolution under Ronald Reagan.

Social unrest: There is no social unrest during the term that is comparable to the upheavals of the post-Civil War Reconstruction Era or of the 1960s, and is sustained or raises deep concerns about the unravelling of society.

Scandal: There is no broad recognition of a scandal that directly touches on the president.

Foreign or military failure: There is no major failure during the term comparable to Pearl Harbour or the Iran hostage crisis that appears to significantly undermine America's national interests or threaten its standing in the world.

Foreign or military success: There is a major success during the term comparable to the winning of the Second World War or the Camp David Accords that significantly advances America's national interests or its standing in the world.

Incumbent charisma: The incumbent party candidate is a national hero comparable to Ulysses Grant or Dwight Eisenhower, or is an inspirational candidate comparable to Mr Roosevelt or Mr Reagan.

Challenger charisma: The challenger party candidate is not a national hero comparable to Mr Grant or Mr Eisenhower and is not an inspirational candidate comparable to Mr Roosevelt or Mr Reagan.

– Source: Allan Lichtman, The Thirteen Keys to the Presidency

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Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: October 21, 2024, 10:08 PM