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Stuff I’m Reading this Morning…

Dealers say the Fed will buy $545 billion in mortgage bonds kicking off QE3.  (Bloomberg)

If college degrees no longer guarantee us a middle class existence, then what are they worth?  (NYT)

On the absurdity of “hot hands” and the picks of pundits.  (Interloper)

TIME Magazine thinks we’re stupid.  (DailyKos)

Betting on European fiscal union to solve the crisis?  Here are the three steps that must come before:  (PragCap)

Howard is with me on Instagram and wonders why Eastman Kodak never got around to buying it.  (HowardLindzon)

Goldman’s Jim O’Neill: Don’t sleep on Russia as an investment and an economic engine for Europe.  (beyondbrics)

Won’t anyone love this disgraced, imprisoned, mob-backed trader?  (NYP)

Mauldin’s latest on what Germany can and can’t do at this stage in the game was a great read.  (TBP)

Prof Robert Shiller explains how we’ve arrived at the long-term unemployment epidemic.  (NYT)

Economists are looking for 120k new jobs in this week’s November BLS employment number.  (Bloomberg)

Don’t miss my daily linkfest for financial advisers this morning!  (WSJFA)