Gold prices reflect a shift in paradigm – Part I

Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further One of the co-authors of California’s controversial 'one-time' tax on billionaires appeared to suggest that the levy could extend beyond a single imposition. Marxist economics professor Emmanuel Saez, who hails from France, made the comment during a Tuesday debate against economist Arthur Laffer at the University of California, Berkeley. “I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once,” Saez said. "Even then, maybe some of them were expecting something...

China's EV Giant BYD Misses Earnings, Enters Brutal New Phase Of Competition BYD is entering a tougher phase after releasing weaker-than-expected financial results and signaling growing pressure in China’s electric vehicle market, according to Bloomberg. Chairman Wang Chuanfu described the current environment as having “reached a fever pitch, and is undergoing a brutal ‘knockout stage.’” The company’s stock fell at the opening of trading in Hong Kong, reflecting investor concerns. Its latest quarterly results showed a sharp drop in profitability, with earnings and revenue both missing forecasts. This downturn followed a...