By SIMON CONSTABLE
No President wants to see a recession on their watch.
Unfortunately for President-elect Trump the risk of a recession goes with the territory. The first reason should be obvious. In a capitalist society there are business cycles that go down as well as up. The down periods are less long-lasting than the up periods, but still they happen, and it is a risk everyone who occupies the Oval Office takes on.
The second reason is that Republican presidents have a long history of seeing a recession within their first two years in office.
Sam Stovall, chief investment strategist at CFRA Research explains the history and why an early recession might be avoided in this video.
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