Willem Buiter, Citi Special Economic Adviser, says the trade relationship between the U.S. and China is part of a wider new Cold War. George Goncalves, Nomura Securities Managing Director & Head of Americas Fixed Income Strategy, thinks the bond market is nervous about a downturn. Laura Davison, Bloomberg Tax Reporter, says only Democrats in the North East are addressing the new limit on federal deductions for state and local tax payments. Liz Ann Sonders, Charles Schwab Chief Investment Strategist, sees a greater risk of an earnings recession than an economic recession.