The AI boom is soaking up investor cash, staving off a recession, and showing signs of faltering, David Rosenberg says. AI is “sapping the momentum out of the rest of business capital spending,” the veteran economist said during the latest episode of the “Excess Returns” podcast. Rosenberg estimated that 50% of all corporate investment is
Michael Burry took a swipe at some of the dot-com boom’s biggest winners, prompting a cheeky response from Mark Cuban. The investor of “The Big Short” fame argued on X that stock prices became detached from fundamentals between the 1998 collapse of Long-Term Capital Management and the dot-com crash in March 2000. “Complete idiots made
