Putting together two brokerage networks (Morgan Stanley/Smith Barney) will be quite a challenge.  (WSJ.com, Market Movers, DealBook, Deal Journal)

The bond vigilantes are asleep at the switch if they think the Fed cannot bring about inflation.  (Telegraph.co.uk)

The worst quarter for dividends.  Ever.  (FT Alphaville also Free exchange)

On the value of stop loss orders.  (Big Picture)

Pimco launches the new Pimco Global Advantage Bond Index.  Index fund to follow.  (IndexUniverse.com)

Oil traders are scrambling to hire supertankers to profit from contango.  (Times Online via Keith Shepard)

60 Minutes missed the mark on its “oil speculation” story.  (Crossing Wall Street, Big Picture)

Some signs of hope from the money markets.  (Econbrowser)

The drop in exports from Korea and Taiwan is stunning.  (Follow the Money)

The opinions of supposedly smart people differ widely on the prospects of deflation vs. inflation.  (Capital Spectator)

The case for ‘demolition as stimulus.’  (Calculated Risk)

Believe it or not, there is a silver lining in the employment figures:  higher productivity.  (Real Time Economics)

“Why is it that economics is a Teflon discipline, seemingly unable to admit or recognize its errors?”  (naked capitalism)

A “teachable moment” and the value of checking your assumptions.  (Sabernomics.com)

Why the Mediterranean is the Achilles’ heel of the web.  (NewScientist.com)

In your career, will you be Pittsburgh or Detroit?  (lazerow.com via Howard Lindzon)

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