Markets were in the dumps yesterday with more broken bones than a wrestling match at the retirement village.  On Wall Street, the thirty blue chip names comprising the Dow Jones Industrial Average fell 2.35%, or 200 points.

Demand Drops Crude; Volkswagen Races Ahead; Yen’s Strength Sinks Stocks; Verizon Dials Up Gains; Sept. Home Sales Up; Wal-Mart Scales Back; Citi Rejects Goldman Merger

“You will lose more in purchasing power (as central bank monetary inflation destroys the currency by printing enough to finance the higher stock prices) than you will ever net in gains…”

At the launch party for the Spectator’s business magazine, a banker introduced himself to me. He’d been wanting to meet me for ages, he said.