Cryptos don't have a chance of replacing US treasuries. For one thing they don't pay interest. For another thing is that they are all getting devalued faster than regular money because although each one has limits on how many new ones come into existence, every month there seems to be more and all of them increase their count.

Their main issue is general acceptance right now and convenience.

The banks should be concerned about their exposure to property prices as property prices are slowing in their upward push. Sadly, banks have too much property ownership and the public has too little property ownership revealing the issue that housing is still way out of line.

Agreed, the problem is that sanctions and global trade issues continue and the Middle East issues continue on and on. The only real good news on that front is the US is less and less dependent on the Middle East. As for Trump and trade wins the Democrats can just refuse to pass any trade deal Trump does making him a pariah on the tariffs he implements. They could with Republican Senate support even take away his de facto right to tax through tariffs.

This is ok as long as it doesn't snowball. In reality its a warning to the powers that be that there is consequences to their actions. If rectified the US should continue its run. If not or if things get work the yield curve inversion will happen and the Fed can't cut rates because inflation will prevent it.

Yes even the earlier cuts hurt US companies, especially steel tariffs. The US imports a lot of steel to build their value added products. Now their prices go up and their margins go down which is why Caterpillar among others are hurting.

www.forbes.com/.../#3495498e7cc9

The trade war has already bitten but the tax reduction dulled the pain. Unless another one is coming we should see its effects much more clearly next year, especially if Trump keeps adding onto the tariff bite which hurts the US consumer more than anyone.

The issue is not interest rates as much as inflation. If there are further tariffs there will be more inflation and that is the one main reason the Federal Reserve is staying mum on taking off the pressure. A 5% increase in electronics will have a great effect slowing the economy and causing inflation. Thus, looking at growth is no longer adequate because the inflation is coming from a tax imposed by Trump without any say by Congress. Congress has delegated too much of its authority in this matter and must do something to regain its power back. Sadly the Republican Congress did nothing about taxation without Representation and now we have a Democratic Congress that is more likely not to do anything about this. But who knows, hope springs eternal.

A huge bout with tariff generated inflation could certainly end it quite rapidly. Who would have though a Republican could create such terrible foreign policy for business. Now he is waging war with US companies including GM.

Sadly although Trump is looking for people to blame for the weaker stock market he really has no one to blame but himself. He is creating instability and is now fighting personal wars with GM and other American companies which plays into the hands of non-US companies. In no way does this benefit the US.