re: Texas economy is cratering

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[quote]
Zandi and Cochrane don’t think Texas will fall into recession this year because of low oil prices, but places like Corpus Christi, Houston, Midland and Odessa will. Austin, Dallas, Fort Worth and San Antonio will see less effect because their economies are more diversified, they said.

Overall, Texas will create 325,000 to 350,000 jobs this year, down from about 400,000 in 2014, Cochrane estimated.

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I don't see anything close to a recession, and officials certainly aren't believing it will happen. Growth will slow a bit but that's about it. It's nowhere near "cratering"