We Act in a World of Uncertainty, Not Probabilities

This State Is Ground Zero For The "Explosive" Diarrhea Parasite As Cases Explode 400% Michigan is getting hit hardest in a fast-spreading nationwide outbreak of a stomach parasite, with cases exploding more than fourfold in a matter of days. The state saw infections skyrocket from 170 to 681 by Monday, the biggest single jump reported anywhere in the country, according to health officials. New York has logged 120 cases since May 1, a state official told The Post, while Texas has confirmed 48 cases as of Monday. Illinois has also seen a...

"This Chart Should Stop You Cold In Your Tracks" Submitted by QTR's Fringe Finance One of my favorite contrarian analysts to read posted a great thread this week noting what he sees as one of the most overlooked risks facing U.S. equities in 2026. Gordon Johnson argues that an unprecedented wave of equity issuance could overwhelm available investor capital. In a great thread on X, Johnson, of GLJ Research, argued that investors should not interpret the current IPO boom as a sign of market strength. Instead, he contends that history suggests record issuance periods...

US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report Authored by Micah Zimmerman via BitcoinMagazine.com, Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting from Bloomberg. Trump signed an executive order in March 2025 to create what he called a Strategic Bitcoin Reserve, along with a separate U.S. Digital Asset Stockpile for other cryptocurrencies.  The order directed the Treasury and...