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: #29, September 2012

The Longbrake Letter
- Bill Longbrake
Central banks to the rescue – will it be enough? Both the European and American economies remain deeply troubled. In Europe the challenge is existential. In America it is less dire but still the challenge of how to return the economy to full employment is daunting and the little progress that has occurred so far has come at great cost. Bill Longbrake explores this topic in this month's letter. He also reviews recent developments for U.S. and global GDP growth; discusses U.S. personal income, consumption and employment; and provides updates on U.S. monetary policy and fiscal policy and developments in Europe and China. In a new section Longbrake discusses the U.S. presidential election.

The Dog and the Frisbee
- Jim Sivon
Has financial regulation become too complex for its own good? This article discusses a recent paper by Andrew Haldane that makes that case.

Are Things a Puzzle? Read History
- Bob Barnett
To understand better what is happening now, it is always useful to both review history and to understand that history is relevant. Here is a snapshot of some history that is important in the present financial services environment.