My friend David Kotok writes very pointedly about the current trade tiff between the US and China, Trump and Xi. I think you know by now that I am basically a free trader. I think my friend Larry Kudlow has a very difficult job in trying to calm the markets while the war of words seems to escalate. Maybe this is a marvelous negotiating strategy, which works very well with real estate deals, but it is not the way it is usually played in international markets. This is very dangerous ground we are treading on. This is a short but very interesting piece.