The nation and the state will experience an economic malaise into 2008, but a recession is not in the cards, according to a report by UCLA Anderson Forecast. Housing will continue to drag on the economy in the first half of 2008, but should begin a slow recovery thereafter. While housing declines in the past have been good indicators of recessions, the latest decline is not coupled with the job loss that plunges an economy into recession. "There's going to be an extended period of economic sluggishness," said Edward Leamer, director of the UCLA Anderson Forecast. "It's going to be...