Biden’s confirmation of Janet Yellen as the Fed chairwoman 2.0 pretty much sealed the fate of the U.S. Dollar and I expect it to be renamed the ‘U.S. Weimar’ just before its replacement by monopoly money which it appears to be more resilient against haphazard inflation. But to be honest a crashing Dollar is par for the course for a nation that is incapable of holding a presidential election without certified results over one month later.
Everything but the U.S. Dollar seems to be ramping higher these days. Bitcoin is back over $19k with HODLERs projecting it to be at $30k sometime next year. The smugness in the crypto waterholes I monitor is literally oozing out of everyone’s pores.
It has been four long months in the making but I am extremely proud to finally announce my long awaited course on trading butterflies. While Options 201 was mainly focused on ‘structure’ and how to create, price, and analyze vertical as well as diagonal spreads, this new course dives deep into the ‘criteria’ of trading butterfly spreads successfully on a weekly basis.
I take it that most of you folks are either already getting juiced up on mulled wine or busy preparing for whatever Thanksgiving gathering will be permitted in your locality this year. Here in Spain Thanksgiving ain’t really a thing but that didn’t keep Mrs. Evil and I from cooking up a big pot of ‘Glühwein’ (mulled wine) and hunting down the juiciest looking turkey our local ‘Mercado Central’ had to offer.
Status Quo Bias
