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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.