Article: More Fed Rate Cuts, Job Growth Will Reduce Risk of Recession, Comerica Bank Economist Predicts.

Economist Dana Johnson also says California housing values likely to drop

SAN JOSE, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Economists advised "cautious optimism" for 2008 at Comerica Bank's annual Economic Forecast Conference today in Santa Clara, Calif.

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"The odds of a recession are now approaching 50 percent," Dana Johnson, Comerica Bank senior economist, told about 500 business leaders at the Santa Clara Convention Center. "We see a red hot trading sector and a frigidly cold housing sector, and in the middle are the consumers -- and consumer actions will determine whether we ...

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