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I believe your swf files for quick and guided edits have been corrupted. The best way is to reinstall the product. Before installing again, make sure following folder and files have been deleted.
- C:\ProgramData\Adobe\Photoshop Elements\11.0\Locale\<your locale>\Workflow Panels\ for windows and /Library/Application Support/Adobe/Photoshop Elements/11.0/Locale/<your locale>/Workflow Panels/ for Mac