Tby Today

On the heels of Steven Bannon’s paradoxical speech to a Chinese state-owned brokerage in Hong Kong, we take stock of the Trump administration’s tough talk with China, consider the possibility of a trade war, and look at historical examples to understand what such a retaliatory cycle might mean for the global economy. Plus, St. Louis as an FDI magnet, Indonesia under water, and the so-called bitcoin bubble.