ChatGPT and Economic Planning

Canada's Oil Patch On Track For Biggest M&A Wave In A Decade Authored by Alex Kimani via OilPrice.com, Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze. To wit, Shell Plc (NYSE:SHEL) sold the majority of its oil sands interests to Canadian Natural Resources Ltd. (NYSE:CNQ) in 2017 a transaction valued at roughly $11.1 billion CAD ($8.5 billion USD),...

US Secretary of State Marco Rubio on Wednesday was asked whether Israel has nuclear weapons and acknowledged that “most of the world assesses that they do,” but also reaffirmed the US policy of not acknowledging the existence of Israel’s nuclear stockpile and secret weapons program. Rubio made the comments when being questioned by Rep. Joaquin […]

AI Bear Case: What Skeptics Get Right And Wrong Authored by Lance Roberts via RealInvestmentAdvice.com, The AI “bear case” isn’t one argument; it’s three. Burry on earnings. Bernstein on circular financing. MIT on revenue. Two are half right. One falls apart on the data. Michael Burry broke a two-year silence on November 11 to accuse the world’s largest technology companies of cooking their books, calling it one of the more common frauds of the modern era. That got attention, and it should. When the man who shorted the housing bubble says AI...