Here's a frightening factoid for Donald Trump as he prepares totake office next month: Every Republican president since World WarII has been in power during at least one recession.

Of course, as the saying goes, past performance is notnecessarily indicative of future results. The billionaire developermay well avoid a downturn on his watch. But with the economicexpansion soon to become the third-longest on record, the risk of acontraction occurring during his time in office can't be cavalierlydismissed.

“Republican presidents seemingly can't do without” recessions,Joachim Fels, global economic adviser for Pacific InvestmentManagement Co., wrote in a blog post dated Dec. 12.

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