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: #35, March 2013

The Longbrake Letter
- Bill Longbrake
Like Spring flowers, optimism is sprouting. Are massive government spending
cuts and tax increases a non-event? In this month's letter Bill Longbrake
offers his assessment of the economic outlook. He also explains why he
believes potential long-term growth is likely to be lower than most expect.
Housing prices have been rising rapidly - Longbrake examines the question of
whether a new bubble is forming. He also explores the evolving issue of
global "currency wars". As usual, he includes updates in his letter on a
variety of other economic and policy topics.

Too Small To Comply — More Important than TBTF?.
-Bob Barnett
Community banks are growing more concerned about the costs of regulation than ever before. This is particularly problematic as some knowledgeable observers have concluded that the management of many of those banks is aging and no succession plans have been made or are logically in sight.

Risk Wait.
- Jim Sivon
A recent exercise by the Basel Committee demonstrates that the goal of consistent capital standards across different jurisdictions is still a work in progress.

Demographics of Old Folks and Farmers.
- Bob Barnett
The demographics of our aging population and their changing interest in shelter for their declining years requires a hard look by housing experts. Aging in place has become more attractive, and probably will continue to increase in popularity, but communities are not quite ready for that.