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Stuff I’m Reading this Morning…

The big story today – China passes Japan as world’s 2nd largest economy.  (NYT) and (Bloomberg)

“It is time for banks to start acting like banks again.”  (PointsAndFigures)

TPC: This isn’t the 1930’s, but de-leveraging will continue into 2012.  (PragCap)

Roubini: Taming the next generation of Gordon Gekkos won’t be easy.  (ProjectSyndicate)

ChessNWine tackles the Inflation vs Deflation debate.  (iBankCoin)

Are our for-profit stock exchanges doing anyone any good?  (TBP)

This AR piece on the Equity Risk Premium is important to consider right now with stocks yielding more than the Ten-Year Treasury.  (AbnormalReturns)

Sweet news for ag bulls as genetically modified sugar beets (half the supply) are nixed.  (WSJ)

TheStreet.com kicks the Zero Hedge Beehive again, gets demolished.  (ZeroHedge)

You know who’s a really big fan of the Mosque at Ground Zero idea?  Hamas.  (NYP)