The UCLA Anderson Forecast was held today. We like to show a picture just to point out that there are places to hold large events on campus apart from the Grand Hotel. Beyond that issue, the Forecast predicts some slowing in the state's economy, but not a recession, over the next couple of years. See the chart below.
Note was taken of a weakening in the housing market. We have pointed to the fact that state revenue has been coming in below levels projected by the state in prior posts. So, the UCLA Forecast is consistent with that development.