Economic Trouble in 2011

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Economic Turmoil in 2011 - by Stephen Lendman

Wall Street predicts blue skies. Economic recovery will continue. Stocks will deliver double-digit gains. On January 14, the Wall Street Journal's Economic Forecast Survey headlined, "Economists Optimistic on Growth," expecting in 2011:

-- 3.3% GDP growth;

-- unemployment declining to 8.8%;

-- inflation contained at 1.9%;

-- crude oil at around $90 a barrel;

-- improved housing starts in a depressed market;

-- on average, 180,000 monthly jobs created;

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