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: #75, October 2016

The Longbrake Letter
- Bill Longbrake
If one only listened to the consensus, one would be optimistic, notwithstanding the ugly US presidential contest, that the US economy is moving forward steadily with strong employment, low inflation, and low interest rates. In this monthís letter, Bill Longbrake takes a more critical look at recent data and discusses the consequences of years of aggressive and market-intrusive monetary policy, which leads him to a much different and more troublesome outlook. According to one well-respected economic research firm, there is now a 50-50 chance of recession in the next 12 months. The strong third quarter real GDP report was a mirage that hid a steady six-quarter long deterioration in growth momentum.

Itís Time for a U.S. Banking Standards Board
- James C. Sivon and Gregory P. Wilson
We recommend that the U.S. banking industry follow the UKís lead and take the initiative now to establish a U.S. Banking Standards Board in consultation with U.S. financial regulators.

Has the Debate on GSE Reform Reached a Tipping Point?
- James C. Sivon
Current data on single-family mortgages purchased by Fannie Mae and Freddie Mac indicates that we may have reached a tipping point in the debate over GSE reform.

     
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