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. The lawyers in the firm are also counsel to the international law firm, Squire Patton Boggs.

ISSUE: #71, May 2016

The Longbrake Letter
- Bill Longbrake
In this month's letter Bill Longbrake explains why he is putting his “Recession Watch” on the shelf for the time being. He summarizes why recent policy intervention has been successful in papering over significant global imbalances. But, he goes on to explain why policy has been palliative, not curative. Longbrake also examines the rise of populist movements across the globe, including the United States, and their genesis in the 2008 global financial crisis and subsequent policy responses. The remainder of this month's letter provides updates on GDP, employment, inflation, productivity, financial conditions, and monetary policy in the U.S.

Big Banks Will Now Be Resolved Without Bailouts
- Bob Barnett
A recent statement by Chairman Gruenberg indicates that big banks that are failing will be resolved not by bailouts but by bankruptcy proceedings or Orderly Liquidation Authority. This article explores the implications of that statement.

Small Business Financial Protection Bureau?
- Katie Wechsler
Recently, the CFPB announced plans to increase its role in supervising small business lending. This article reviews those plans and analyzes the CFPB's authority, or lack thereof, to take such actions.

     
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