China to Surpass USA as World’s Largest Economy THIS YEAR -- By George Washington, Zero Hedge

Financial Times reports:

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

This is – rightly – front page news (hat tip to Drudge for the headline):
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And we noted that Arvind Subramanian – former assistant director in the Research Department of the International Monetary Fund, and now senior fellow jointly at the Peterson Institute for International Economics – says that China passed up the USA in 2010.

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