Editor's Note: This is a monthly publication on economic trends and financial policy issues. In this publication you can read "The Longbrake Letter", an analysis of economic trends and conditions written by Bill Longbrake, as well as commentary on financial regulation and policy written by members of the law firm Barnett, Sivon & Natter, P.C., a Washington, DC based law firm that specializes in financial services law.

ISSUE: #08, December 2010

The Longbrake Letter
- Bill Longbrake
In this month's letter, Bill Longbrake expresses optimism that the Obama-McConnell tax compromise will combine with the Fed's quantitative easing to lift the economy in 2011. While substantial risks remain and economic recovery is still fragile, near-term risks are diminishing. However, the long-term deficit outlook has worsened and to avert potentially severe consequences, substantial tax reform must be addressed soon.

The Python and the Data
- Bob Barnett
To avoid misreading the economic indicators and falling prey to simple slogans that erroneously describe the facts, the financial services industry needs its own data collection effort that is robust and current.

Another Perspective on Data Collection
- Jim Sivon
With three new federal offices devoted to monitoring financial firms there is a potential for the industry to face overlapping data requests. This article urges the Secretary of the Treasury and the Congress to use their powers to promote coordination among these offices.