United States

In the Fed's latest Flow of Funds report, today the Fed released the latest snapshot of the US "household" sector as of March 31, 2017.

The American Catastrophe

Paul Craig Roberts

This is my quarterly call for your financial support. Remember, this is your website.

This website was launched 5 years and 4 months ago on New Year’s Eve, 2011. Here is the inaugural column: http://www.paulcraigroberts.org/2011/12/31/the-outlook-for-the-new-year/ The inaugural column remains an accurate description of the American Catastrophe.

So far "Triple Threat Thursday" has been a dud. In the day with the greatest concentration of market-moving risk events so far in 2017, market action - at least for the time being - has been a whimper, with European stocks and US futures modestly higher ahead of the ECB’s rate decision and Comey's testimony (which has now been fully publicized, removing much of the risk), as the U.K. voting is underway. Asian stocks fell led by a decline in Japan as the yen first strengthened, only to tumble later in the session.

Authored by Peter Korzun via The Strategic Culture Foundation,

Trump's proposal to overhaul the U.S. food stamp program, or the Supplemental Nutrition Assistance Program (SNAP) as it's currently known, has brought with it a widely overlooked fee that could end up costing food retailers billions.  Per MSN:

That provision is a new fee that the White House wants to charge retailers that accept food stamps, which is now known as the Supplemental Nutrition Assistance Program.