Only A Couple More Years Of Suffering Per Goldman

This post from James Pethokoukis at Reuters is short, to the point and worth two minutes of your time. He cites a Goldman economic forecast and provides some good political analysis as to its implications.

From his post:

The key features of our 2011 outlook: (1) a strengthening in growth from 2.1% on average in 2010 to 2.4% in 2011, with real GDP rising at an above-potential 3½% pace in late 2011; (2) a peaking in unemployment in mid-2011 at about 10¾%; (3) extremely low inflation – close to zero on a core basis during 2011; and (4) a continuation of the Fed’s (near) zero interest rate policy (ZIRP) throughout 2011.

That’s right folks. Only a couple of more years and we’ll be out of the woods.

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