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by Mish

One thing sure stands out: Perpetual optimism reins supreme.

A few charts from the Wall Street Journal report Five Trends That Will Shape the Future of the U.S. Economy shows what I mean.

Gap Between Predicted Growth and Reality

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Only Saudi Arabia and Turkey have posted growth rates that exceeded their October 2010 projections.

Real GDP Pre-Crisis vs. Post-Crisis

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Why anyone pays attention to IMF growth forecasts is a mystery.

Mike “Mish” Shedlock